The corporate team at Penningtons Manches Cooper has advised Oxford University spin-out PQShield on a £5.5 million seed funding raise.
PQShield are specialists in post-quantum cryptography providing quantum-secure cryptographic solutions for software, software/hardware co-design and data in transit. The seed funding was raised to assist the company’s efforts in securing computer systems against quantum threats.
Penningtons Manches Cooper has advised the company since it span out from Oxford University and is pleased to continue to support the company as it grows. This growth is particularly highlighted by the recent announcement of Bosch as PQShield’s first OEM customer.
Oxford-based corporate senior associate, Attilio Leccisotti advised on the funding with support from James Went (corporate), Kathy Hills (corporate tax), Victoria Spires (employment) and Edmund Forey (commercial).