tech
Oxford spinout QuantrolOx raises €12M for quantum technology
QuantrolOx raises €12M in a funding round led by IW Capital
Key points
- QuantrolOx raised €12m in a funding round led by IW Capital.
- The European Innovation Council (EIC) Fund and Transpose Capital also invested in the round.
- The Finland-headquartered company builds software to help quantum computers work efficiently.
Why it matters. The funding comes as investment in the quantum sector continues to heat up.
QuantrolOx, an Anglo-Finnish University of Oxford quantum spinout, announced today that it has raised €12m in a funding round. The round was led by early stage investor IW Capital, with participation from Transpose Capital and the European Innovation Council (EIC) Fund. The Finland-headquartered company develops software intended to help quantum computers work efficiently across different systems.
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Oxford spinout QuantrolOx raises €12M for quantum technology
QuantrolOx has raised €12 million in a funding round led by early-stage investor IW Capital. The round also saw participation from the European Innovation Council (EIC) Fund. The company is a spinout from the University of Oxford. This investment comes amid a broader increase in funding for the global quantum sector.