Trapped-ion quantum computing company eleQtron announced today that it has successfully closed a €57 million Series A funding round. This ranks among the largest Series A funding rounds in quantum computing worldwide, and is led by Schwarz Digits, the IT and digital division of Schwarz Group. The EIC Fund of the European Innovation Council (EIC) is also among the key investors.
Additional participation comes from existing investors such as Earlybird, as well as new investors including French VC firm Ankaa Ventures, laser equipment specialist Precitec, and development banks NRW.BANK (Düsseldorf) and IFB Innovationsstarter GmbH. The funding package also includes individual grants.
According to the announcement, eleQtron already has an order backlog of more than €54 million. The new capital will be used to build scalable production capacity, expand cloud-based access to eleQtron’s systems, and further advance development its hardware platform.
In parallel, eleQtron is developing its MAGIC technology (Magnetic Gradient Induced Coupling), which enables highly precise control of trapped ions using miniaturized microwave technology.
“Quantum computing is transitioning from a research-driven technology to an industrially usable infrastructure. With this funding, we are accelerating that transition and building systems that will solve real-world industrial problems,” said Jan Henrik Leisse, CEO and Co-founder of eleQtron.
“Digital sovereignty is a top priority for us and our partners. Following our strategic decisions in the areas of cloud and artificial intelligence, the investment in eleQtron is a logical building block. We want to ensure that we remain independent in key technologies and actively shape forward-looking, secure IT infrastructures right here in Germany,” said Christian Müller, Co-CEO of Schwarz Digits.
“eleQtron combines a clearly differentiated technology with a compelling approach to scaling and commercializing quantum computing. In particular, the combination of proprietary technology and cloud-based access demonstrates how research can translate into real-world applications. We are excited to continue supporting the company in its next phase of growth,” said Dr. Hendrik Brandis, Co-Founder & Partner, Earlybird.
“Quantum computing is entering a crucial phase of industrialisation. Companies such as eleQtron, which combine scientific excellence with a clear focus on scalable systems, are key to translating Europe’s strengths into globally competitive technologies,” said Svetoslava Georgieva, Chair of the EIC Fund Board.
