With new funding, eleQtron will scale its trapped ion quantum computing technology, expand access to its systems, and accelerate the transition of quantum solutions into industrial use.
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.