eleQtron completes Series A funding round worth 57 million euros
The deep-tech company eleQtron, a leading developer of ion-trap-based quantum computers in Europe, has completed a Series A funding round worth 57 million euros. It is one of the largest Series A financings in quantum computing worldwide and positions eleQtron as one of the most ambitious European players in the international arena.
eleQtron already has multi-million-euro contracts
eleQtron was founded in Siegen in 2020, has a further site in Hamburg and combines research-based technology development with a clear focus on industrial scaling and commercialisation. Quantum computing is increasingly seen as part of critical digital infrastructure – comparable to data centres, networks or AI platforms. The investment round strengthens eleQtron’s position as a provider of scalable quantum computing systems for industrial applications. eleQtron already has an order book worth over 54 million euros. This makes it one of the few quantum computing companies with a substantial order book. The fresh capital will now be channelled into building scalable production capacities, expanding cloud-based access to the systems, and further developing the hardware platform.
The lead investor is Schwarz Digits, the IT and digital division of the Schwarz Group. Key investors and funders also include the European Innovation Council’s EIC Fund. Other participants include the French VC firm Ankaa Ventures, laser equipment specialist Precitec, and the development banks NRW.BANK from Düsseldorf and IFB Innovationsstarter GmbH from Hamburg. Existing investors such as Earlybird are also participating in the funding round. The funding also includes individual grant support.
