Finnish deeptech QuantrolOx receives €3.5M in a seed round

Oxford spinout QuantrolOx has received €3.5 million in a seed round to bring qubit tuning software to market. The round was led by Voima Ventures, with participation from existing investors such as Nielsen Ventures and Hoxton Ventures. 

  • QuatrolOX spun out from the University of Oxford in 2021. The startup develops automated qubit control software that brings sustained and stable gate performance to qubits. This enables scientists to focus on using quantum computers rather than constantly fixing them. This is achieved by automating the tuning, stabilization, and optimization of qubits, thereby removing a key bottleneck in the scaling of quantum computers.  
  • The fresh round was led by Helsinki-based deep tech VC Voima Ventures, which invests purely in startups with deep tech and scientific backgrounds. Among them is Oulu-based baby tech startup Nucu which has secured €950,000 in a seed round of funding. 
  • Existing investors such as Nielsen Ventures and Hoxton Ventures also participated. Joining the round as new investors are 2xN Ventures, Serendipity Capital, and Oxford Science Enterprise. 
  • To date, QuantrolOx has also received the prestigious EIC accelerator financing package of €10.5 million and is mentioned as a company of strategic importance to Europe.

“Since Voima Ventures’ initial investment in late 2021, QuantrolOx has made significant progress both in team building and product development, and we’re excited to see their product hit the market. With an innovation enabling increased uptime and efficiency, QuantrolOx’s is paving the way to truly scalable quantum computers”, 

says Jussi Sainiemi, Partner at Voima Ventures
  • QuantrolOx plans to use the investment to develop and bring its new product to market and gain customer traction.