HiQuTe Diamond, a French company specializing in high-quality diamonds for technological applications, secured €7.5 million in funding to industrialize its production and meet rising demands in electronics and quantum technology.

Target Information

HiQuTe Diamond, a French deeptech company specializing in the production of ultra-high quality diamonds for technological applications, has successfully raised €7.5 million in funding. This strategic financing is supported by several investors, including the Île-de-France Réindustrialisation Fund, the French Tech Seed fund managed by Bpifrance under the France 2030 initiative, TF Participations, Socadif, and iXcore. The funds will be instrumental in industrializing diamond production in Île-de-France to meet the growing demands in power electronics, quantum computing, and next-generation sensors.

Founded in 2022, HiQuTe Diamond emerged from the collaboration between the LSPM-CNRS laboratory, a leader in diamond research for over 30 years, and the startup studio Technofounders. The project is spearheaded by recognized researchers such as Riadh Issaoui, a physicist with expertise in semiconductor industrialization, and Florent Alzetto, a physicist skilled in growth and industrial transformation. In less than three years, the company has established its R&D capabilities, prototyped its first diamond plates, and secured significant industrial and commercial partnerships. This momentum underscores its relevant positioning in an ecosystem focused on utilizing diamonds for electronic and quantum technologies.

Industry Overview in France

The diamond technology sector is poised for significant advancements, driven by the limitations of traditional materials like silicon, silicon carbide (SiC), and gallium nitride (GaN). HiQuTe Diamond develops diamond plates through its proprietary Chemical Vap