HardwareStartupsTechnology

Oxford Quantum Startup QFX Secures €2.2M Seed Funding for Modular Hardware Expansion

Oxford-based quantum technology startup QFX has raised €2.2 million in seed funding to advance its modular hardware platform. The investment round was reportedly led by Y Combinator co-founder Paul Graham, positioning the University of Oxford spin-out within Europe’s growing quantum ecosystem.

Funding Round and Investor Backing

Oxford-based quantum startup QFX has secured €2.2 million in seed funding to expand its modular hardware platform for quantum technologies, according to recent reports. Sources indicate the investment round was led by Silicon Valley investor and Y Combinator co-founder Paul Graham, signaling strong confidence in the UK quantum sector.

FintechStartups

German InsurTech Enzo Secures €4 Million to Combat Water Damage with AI Sensors

Enzo, a German InsurTech developer, has closed a €4 million Seed extension to tackle water damage using novel IoT sensors and AI. The funding will support technology development and international expansion, with the solution reportedly reducing insurer claim costs by up to 70%.

Funding Boost for Water Damage Prevention Technology

Heidelberg-based InsurTech startup Enzo has secured a €4 million Seed extension round, bringing its total Seed funding to €6.2 million, according to reports. Sources indicate the fresh capital will accelerate development of Enzo’s AI platform, expand insurer partnerships, and prepare for international market entry.