German deeptech
company eleQtron has raised €57 million in a Series A funding round to
accelerate the industrial scaling of its trapped-ion quantum computing
technology. The investment was led by Schwarz Digits, the digital and IT arm of
the Schwarz Group, with participation from the European Innovation Council
Fund.
Additional investors include existing backer Earlybird, alongside new
participants such as Ankaa Ventures, Precitec, NRW.BANK, and IFB Hamburg. The
funding package also includes grants from the European Union and the state of
North Rhine-Westphalia.
Founded in 2020
as a spin-off from the University of Siegen, eleQtron develops trapped-ion
quantum processors based on its proprietary MAGIC (Magnetic Gradient Induced
Coupling) technology, enabling precise and scalable control of qubits using
microwave methods.
The company
combines research-driven innovation with a focus on industrial scaling and
commercialisation. As quantum computing becomes an increasingly important
component of digital infrastructure, this investment is expected to support
eleQtron’s transition from laboratory development to industrial deployment and
strengthen its market position.
Quantum
computing is transitioning from a research-driven technology to an industrially
usable infrastructure. With this funding, we are accelerating that shift and
developing systems designed to address real-world industrial challenges,
said Jan HenrikLeisse, CEO and co-founder of eleQtron.
With more than
100 employees and partnerships with leading European research and computing
centres, the company is positioning itself as a provider of scalable quantum
computing systems for industrial use.
The newly
raised capital will be used to build scalable production capacity, expand
cloud-based access to its systems, and further advance its hardware platform.