Investment Spotlight – Aegiq

At Deepbridge, we offer tax-efficient investment opportunities into a portfolio of exciting growth-focused companies through the Deepbridge Technology Growth EIS Fund. An example of the types of exciting companies we support is Aegiq, an early-stage company developing pioneering quantum technologies, designed to deliver field-deployable and affordable quantum computers.

With Deepbridge recently securing a £250,000 round with Aegiq, as part of a larger £5m raise, this could be one of the companies included in an investor's Deepbridge Technology Growth EIS portfolio.*

To demonstrate why we are so excited by Aegiq’s progress below are highlights of progress to date:

• £4m of contracted revenue is expected in the next 12 months, and over £18m of direct commercial revenue contracts are under negotiation.
• Partnering with key global players in defence, aerospace, telco, and security, including British Telecom and the Royal Navy.
• Received substantial government backing with 6 technology development projects, bringing the total cash contribution from grants to £3m.
• Secured ~£1.5m non-dilutive funding and R&D contracts.
• Selected as one of WIRED’s Trailblazers of 2023, in recognition of its ground-breaking contributions to the tech industry and advancing quantum technologies.
• One of 7 winners of a £30 million quantum testbed competition funded by the National Quantum Computing Centre (NQCC), designed to drive innovation in quantum computing and enhance the UK’s capabilities.
• Delivered the 1st phase contract with the Office of CTO of the Royal Navy on using Aegiq’s quantum computers for complex optimisation problems.
• Deepbridge secured this £250k round, part of a larger £5m raise, the remainder of which has already been committed.
• The Aegiq management team describe Aegiq as being, “the only company in the world on track to deliver field-deployable and affordable quantum computers.”

IBM describes quantum computing as:

“Quantum computing uses specialised technology—including computer hardware and algorithms that take advantage of quantum mechanics—to solve complex problems that classical computers or supercomputers can’t solve, or can’t solve quickly enough... These machines are very different from the classical computers that have been around for more than half a century.”**

To find out more about Aegiq, click here. (Please note this link does not go to the Deepbridge website. Deepbridge takes no responsibility for the content on external websites).

Don’t forget: electronic application forms can be requested via the Deepbridge website here.

If you are interested in finding out more about how to invest, please contact us here.

*Please note that no guarantees can be made on specific company investments. The companies that make up an investor’s portfolio are chosen at the discretion of Deepbridge and are based on factors such as current capacity and general funding requirements of each specific company at the time any given subscription is received.

**Source: https://www.ibm.com/topics/quantum-computing