Deep-tech start-up Qdrant oversubscribed several times in € 7.5 million seed round

Berlin — Berlin-based deep-tech start-up Qdrant Solu­ti­ons GmbH has raised EUR 7.5 million in a seed finan­cing round that was seve­ral times over­sub­scri­bed. The round was led by Unusual Ventures. Green­Gate Part­ners compre­hen­si­vely advi­sed Qdrant Solu­ti­ons GmbH on the finan­cing round.

Qdrant Solu­ti­ons GmbH offers solu­ti­ons in the areas of Arti­fi­cial Intel­li­gence, Data Science, Machine Lear­ning, Big Data, Cloud Compu­ting and gene­ral soft­ware deve­lo­p­ment. Qdrant is a vector data­base and vectora simi­la­rity search engine. It is provi­ded as an API service that allows sear­ching for the nearest high-dimen­­sio­nal vectors. With Qdrant, embed­dings or neural network enco­ders can be turned into full-fled­­ged appli­ca­ti­ons for matching, sear­ching, recom­men­ding, etc.

The Berlin-based start-up, which was foun­ded at the end of 2021, had recei­ved EUR 2 million in pre-seed finan­cing from Euro­pean funds 42CAP and IBB Ventures at the begin­ning of last year. Just under 1.5 years after its foun­da­tion, the company has now been able to complete this extre­mely successful seed round. The round was over­sub­scri­bed seve­ral times, which is a great achie­ve­ment of the foun­ders and the employees of the company in the current market environment.

Green­Gate Part­ners compre­hen­si­vely advi­sed Qdrant Solu­ti­ons GmbH on the finan­cing round.

Advi­sor Qdrant Solu­ti­ons GmbH: Green­Gate Part­ners Rechts­an­walts­ge­sell­schaft mbH
Marc René Spitz, LL.M. (USC) (Lead; Part­ner, Corpo­rate) Dr. Leonie Singer, LL.M. (Asso­ciate, Corpo­rate) Constan­tin Forst­ner (Asso­ciate, Corporate)
Alex­an­der Tribess (Part­ner, IT & Data Protection)
Dr. Alex­an­der Raif (Part­ner, Labor Law)

Advi­sor to the main inves­tor Unusual Ventures: Good­win Proc­ter LLP Frankfurt
Dr. Gregor Klenk (Part­ner)
Chris­toph Hempel (Asso­ciate)

About Green­Gate Partners

Green­Gate Part­ners is a tech­no­logy law firm with parti­cu­lar exper­tise around venture capi­tal and tran­sac­tions. From our offices in Berlin, Hamburg and Munich, expe­ri­en­ced lawy­ers offer their clients first-class advice at eye level.
The scope of consul­ting in the venture capi­tal area is compre­hen­sive and ranges from the foun­da­tion to the indi­vi­dual finan­cing rounds to the exit. Clients include dome­stic and foreign venture capi­tal funds, stra­te­gic inves­tors, busi­ness angels as well as foun­ders, start-ups or managers.