The Munich startup Kiutra receives a seven-figure investment. The seed financing is intended to drive internationalization. Investors include the High-Tech Gründerfonds (HTGF), the deep-tech VC APEX Ventures, and the Industrial Innovators initiative. the UnternehmerTUM.
Founded in 2018, the tech company Kiutra is a spin-off of the Technical University of Munich and is developing a magnetic cooling system for quantum computers. This makes the Munich-based company the first in the world to generate low temperatures permanently without expensive and rare liquefied gases such as helium-3.
“Kiutra’s helium-3-free cooling technology is not only exciting for science and research, but also allows for the industrial dissemination of quantum technologies,”
predicted Christian Ziach, Investment Manager at lead investor HTGF. He also praises the founding team:
“The founders are a prime example of technological excellence combined with a strong entrepreneurial spirit.”
The founding team, consisting of Alexander Regnat, Jan Spallek, Tomek Schulz and Christian Pfleiderer, had previously used various startup funding instruments such as the Exist-Grant and support from the incubator ESA BIC can use.
Kiutra: 7-figure investment to help with internationalization
With the seed investment, the founders want to expand and internationalize their company. Alexander Regnat, CEO and co-founder of Kiutra, is pleased about the support from investors:
“They will help us increase the visibility of the Kiutra brand internationally and take our technology to the next level.”
Funding for deep-tech startups
The HTGF finances tech startups with growth potential such as the Munich startups Mecuris or FairfleetAPEX Ventures is a European venture capital fund focused on deep-tech startups. The VC firm works closely with founding teams to develop their go-to-market strategies and accelerate international growth.
The "Initiative for Industrial Innovators" was initiated by the UnternehmerTUM. The initiative is supported by EU funding instruments such as Horizon 2020, the European Investment Fund InnovFinEquity and the European Fund for Strategic Investments (EFSI). The initiative aims to support up to 2000 disruptive deep-tech startups in the fields of AI, robotics, IoT and MedTech support.
