Participated · Equity · Jun 2024

BioBTX has developed an integrated catalytic pyrolysis process (ICCP Technology) to produce renewable aromatics (benzene, toluene, xylene) from plastic waste and biomass. The company plans to build and launch the PETRA Circular Chemicals Plant in Delfzijl to scale the technology and convert 20,000 tons of plastic waste into renewable BTX annually. BioBTX says this will be the world’s first large‑scale plant to make aromatics from plastic waste and plants. The technology is positioned to replace fossil resources for applications including foams, coatings, PET bottles, batteries and pharmaceuticals. The recent financing package of over €80M will fund the plant build and initial commercial launch, with additional public grants and regional support included. BioBTX’s offices are located in Groningen and the company intends to expand globally once production is proven.

Led · Series B · Sep 2021

QC Ware is a Palo Alto, Calif.-based quantum software and services company led by CEO Matt Johnson that develops applications and algorithms for near-term quantum computing hardware. Its flagship product, QC Ware Forge, is a quantum computing cloud service built for data scientists with no quantum background. The company works with a network of customers and partners including the Air Force Research Laboratory, Aisin Group, Airbus, BMW Group, Equinor, Goldman Sachs, and Total. QC Ware supports its European customers through a Paris subsidiary. The company raised $25M in a Series B and intends to use the funds to expand the team to accelerate development of Forge. QC Ware is a Palo Alto, CA-based cloud quantum computing software service developing software solutions that enable enterprises to run algorithms designed for quantum computers across multiple quantum hardware systems via a single software platform. Led by co-founder and CEO Matt Johnson, the company provides a software layer that gives enterprises access to multiple quantum hardware backends. Current customers and partners include financial services companies, aerospace prime contractors, automotive OEMs, power utilities, and multiple government groups. QC Ware intends to use new funding to accelerate the application of quantum computing in global enterprises. The company raised $6.5M in a Series A financing to support those efforts.