Serendipity Capital Announces Appointment of Andrew Briggs as Senior Advisor

Insider Summary

• Serendipity Capital Limited announced that it has appointed Andrew Briggs as Senior Advisor.
• Briggs is considered a leading authority on quantum technology at the University of Oxford.
• Serendipity Capital is committed to deepening its understanding of the developments in quantum technology and providing seed capital to more leaders in this space.

PRESS RELEASE — Serendipity Capital Limited (“Serendipity Capital”), a permanent capital vehicle investing in disruptive technologies with applications in financial services announced today has been appointed Andrew Briggs, a leading authority on quantum technology at the University of Oxford, as Senior Advisor. The appointment reflects Serendipity Capital’s commitment to deepen its understanding of developments in quantum technology and provide early-stage capital to more leaders in this space following its investments in Quantinuum and QuantrolOx.

“Professor Briggs is one of the world’s leading experts in quantum technology, a core investment focus for Serendipity Capital,” said Rob Jesudason, CEO and Founding Partner of Serendipity Capital. “His deep understanding of quantum physics and experience commercializing research will be an invaluable resource for us as we work to build our investment portfolio in world-class quantum computing companies. Oxford and other leading universities in the UK are at the heart of an ecosystem that is producing a new generation of quantum startups. They are making accelerating progress toward creating viable quantum computers for a wide range of commercial applications, which will have significant implications for everything from national security to financial risk management and climate science. That’s why we are excited about this field and excited that Professor Briggs will be working with us.”

“I am delighted to be working with Serendipity Capital, which is emerging as one of the most respected investors in an early-stage quantum computing company,” said Professor Briggs. “Quantum technology is developing very fast and has the potential to provide transformational benefits to other fields of research and – ultimately – society. Attracting greater private investment into these technologies will be an important factor in accelerating the pace of development and capturing those benefits. I look forward to working closely with Rob and his team as they capitalize on this sector.”

Professor Briggs is the inaugural chair of Nanomaterials at the University of Oxford. His research focuses on nanomaterials for quantum technology and their incorporation into practical devices. From 2002 to 2009, he held the EPSRC Professorial Research Fellowship, and was Director of the Quantum Information Processing Interdisciplinary Research Collaboration, which served to create new experimental and theoretical capacities in the UK and has since been followed by substantial UK government investment in quantum technology. .

Professor Briggs is renowned for his pioneering research into acoustic microscopy for the characterization of materials. He received the Holliday Prize, Institute of Materials, in 1984, and the Metrology award for World Class Manufacturing in 1999, when he was also named an Honorary Fellow of the Royal Microscopical Society. In 2021, he co-founded QuantrolOx, a startup that builds automated machine learning-based control software for quantum technologies.

With over 650 publications with nearly 30,000 citations during his career, Professor Briggs is also a Fellow of St Anne’s College, a Fellow of Wolfson College, a Fellow of the Physics Institute, and a Member of the International Society for Science and Religion and Academia Europaea.

About Serendipity Capital

Serendipity Capital is a permanent capital vehicle that invests in B2B technologies that align with key disruptive trends in financial services, including quantum computing, artificial intelligence, and climate and sustainability. The company is an investor in How manyleading independent full-stack quantum computing company founded when UK’s Cambridge Quantum merged with Honeywell Quantum Solutions in November 2021. In March 2023, Serendipity also participated in QuantrolOx’s Initial funding round €3.5 million. Serendipity Capital is a long-term majority-owned investor managed by a team with deep industry experience in the financial services space. The company is headquartered in Singapore and has recorded an IRR of invested capital of 36.6% since its inception in 2020.