Q5D Technologies Ltd, based in Bristol, manufactures five-axis robotic platforms designed to automate the process of installing electrical wiring into products.
This technology replaces the traditional use of wiring harnesses, aiming to reduce the cost, weight, and complexity of manufacturing in sectors such as automotive, aerospace, and consumer electronics. To continue its work and accelerate commercialisation, Q5D needed to raise investment funds through a combination of debt and a Series A equity funding round.
Hunters' Corporate & Commercial team, led by Rory Wilson (Partner) and supported by Giorgio Pizzetti (Associate), Sam Young (Trainee Solicitor) and Flora Hipkin (Paralegal), advised Q5D on its Series A funding round.
Our team worked closely with Q5D to navigate the complexities of a co-led investment process, with inter-conditionality between the debt and equity terms, whilst protecting the company's interests and facilitating a smooth transaction under tight deadlines.
Q5D successfully secured $13.5m of funding including a Series A venture round co-led by Lockheed Martin, Maven / SWIF and Chrysalix Ventures. The capital will support the company's continued expansion, including commercial pilot programmes, team growth and the development of additional manufacturing capacity.
In the company's press release, CEO Steve Bennington said:
"The disruption of complex supply chains for vehicle wiring has cost carmakers billions of dollars in lost profits over recent years. Our technology will enable them to take back control of product electrification and it's encouraging to see so many experienced investors recognising the tremendous positive impact it will have on that industry and others. This funding will support commercial pilots, team growth, and the build-out of additional manufacturing capacity as Q5D moves toward full-scale deployment with leading industrial partners."
Rory Wilson commented:
"We are delighted to have advised Q5D on its Series A funding round, and we look forward to continuing to support one of the most innovative companies in the advance manufacturing sector, which tops the list of growth-drivers identified in the government's 'Invest 2035' industrial strategy report."