Quantum Base Holdings PLC, a Lancaster-based quantum science company specializing in authentication technology, has successfully raised £4.8 million through its debut on London’s AIM market to accelerate the commercialization of its quantum authentication solution. The company, which originated as a Lancaster University spin-out in 2013, joins a growing roster of companies developing quantum-based security solutions for the digital age.
The company launched a conditional retail offer ahead of its AIM listing, aiming to raise up to £1 million through 4.3 million new shares offered to retail investors at 23.1p per share, with a minimum subscription of £250. The total capital raise of £4.8 million includes both the retail offer and institutional investor placing, resulting in an anticipated market capitalization of £14.8 million.
Quantum Base’s ordinary shares commenced trading on AIM on April 4, 2025, under the ticker symbol “QUBE” with ISIN code GB00BTXYPJ53. The company’s core technology, Q-ID (Quantum Identities), uses quantum randomness at the atomic level to create authentication tags that are designed to be non-replicable. These tags can be integrated into various products including tax stamps, banknotes, pharmaceuticals, and luxury goods, with verification possible through smartphone scanning. The development comes as quantum security solutions are increasingly being integrated into mainstream technologies, including eSIM and mobile authentication systems.
“I am thrilled to commence trading on AIM today, marking a key step in our decade-long journey from a Lancaster University spin-out to a British scientific success story,” said Tom Taylor, CEO of Quantum Base. “Floating on AIM gives us direct access to a large, sophisticated pool of investors, and provides further independence and credibility for our business.”
The raised capital will support the expansion of Quantum Base’s product lines and further development of its anti-counterfeiting technology, which is designed to be compatible with common printing methods. The company aims to establish itself as a global standard in authentication technology, joining other innovative firms like Wultra, which recently secured funding for post-quantum authentication solutions in the financial sector. The initiative responds to growing industry demand for more sophisticated methods to combat counterfeiting and ensure product authenticity through mobile verification systems.
Sources: Morningstar, LSE, Marketscreener, Investegate
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