QuantrolOx Raises €12 Million in Series A2

Insider Brief

• QuantrolOx raised €12 million in a Series A2 round led by IW Capital, with EIC Fund co-investment, to expand its quantum hardware automation and training business internationally.
• The company’s three products support quantum hardware development and calibration, practical workforce training, and superconducting quantum computing research and education.
• The funding will support product deployments, expanded training offerings and growth of its U.S. team, following a Berkeley office opening and a five-year collaboration agreement with UC Berkeley.

PRESS RELEASE — QuantrolOx, University of Oxford spinout headquartered in Finland with offices in the UK, Netherlands, US and India, has raised €12 million in a Series A2 funding round led by IW Capital, with co-investment from the European Innovation Council (EIC) Fund. The round also includes participation from Voima Ventures, Serendipity Capital, Hoxton Ventures, and Transpose Capital.

The investment will accelerate QuantrolOx’s commercial growth and international expansion, including its growing presence in North America following the opening of its first US office in Berkeley, California. The round brings QuantrolOx’s total funding to ~$31million or ~€28million.