Quantum Computing startups in Europe
There are 351 Quantum Computing startups in Europe which include IQM, Oxford Ionics, Multiverse Computing, Nu Quantum, PhaseCraft. Out of these, 132 startups are funded, with 57 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 25 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and Imperial College London.
Here is the list of top Quantum Computing startups in Europe
1. IQM
Developer of superconducting quantum computers. Its features include quantum processors with on-chip components that increase QPU clock speed for error correction, as well as application-specific processors and quantum operations.
Key facts about IQM
- Founded Year: 2018
- Location: Espoo (Finland)
- Stage: Series B
- Total Funding till date: $600M
- Investors: MIG Capital, OpenOcean and 25 Others
- Latest Funding Round: Series B, Sep 03, 2025, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 25 Competitors
Provider of quantum computers. It provides users with superconducting qubits as their physical support for Universal Quantum computers. It offers quantum computers by combining the qubits and trapped ions by using noiseless electronic qubit control technology.
Key facts about Oxford Ionics
- Founded Year: 2019
- Location: Oxford (United Kingdom)
- Stage: Acquired
- Total Funding till date: $48.4M
- Investors: Braavos, British Business Bank and 9 Others
- Latest Funding Round: Series A, Aug 31, 2023, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 1 of 16 Competitors
Provider of AI and QC-enabled software solutions for the finance industry. It provides AI and quantum computing-enabled software solutions for the finance industry. Claims to leverage quantum computing and artificial intelligence technologies to develop solutions related to portfolio optimization problems, risk analysis, and market simulation.
Key facts about Multiverse Computing
- Founded Year: 2019
- Location: San Sebastian (Spain)
- Stage: Series B
- Total Funding till date: $326M
- Investors: Bullhound Capital, Columbus Venture Partners and 26 Others
- Latest Funding Round: Series B, Jun 12, 2025, $*****
- Tracxn Score: 65/100 What is this?
4. Nu Quantum
Developer of quantum cryptography systems. It develops modular hardware based on single-photon source array technology for quantum cyber security. It also provides a quantum random number generator which generates secure encryption keys, and a quantum key distribution system that provides quantum-secure communication.
Key facts about Nu Quantum
- Founded Year: 2018
- Location: Cambridge (United Kingdom)
- Stage: Series A
- Total Funding till date: $72.1M
- Investors: Amadeus Capital, National Grid Partners and 16 Others
- Latest Funding Round: Series A, Dec 10, 2025, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 1 of 30 Competitors
5. PhaseCraft
Provider of quantum simulation systems. The company is providing quantum theory and software that will enable quantum computers to investigate novel quantum materials to simulate chemical reactions and to solve hard constraint satisfaction problems. It also provides users with a platform that offers proprietary material simulation approaches for encoding and compiling materials on quantum hardware.
Key facts about PhaseCraft
- Founded Year: 2019
- Location: Bristol (United Kingdom)
- Stage: Series B
- Total Funding till date: $56.4M
- Investors: UCL Technology Fund, Plural and 11 Others
- Latest Funding Round: Series B, Sep 02, 2025, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 1 of 23 Competitors
