German Deeptech EleQtron Secures €57M Funding In Series A Round

The round was led by Schwarz Digits, the digital arm of the Schwarz Group, with participation from the European Innovation Council Fund.

Additional investors include Earlybird, Ankaa Ventures, Precitec, NRW.BANK, and IFB Hamburg, along with support from EU and North Rhine-Westphalia grants.

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, which uses microwave control for precise and scalable qubit manipulation.

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The company combines academic research with industrial focus, aiming to move quantum computing from laboratory development toward large-scale commercial deployment.

With over 100 employees and collaborations with leading European research and computing centres, eleQtron is positioning itself as a provider of scalable quantum computing systems for industrial applications.

The new funding will support the expansion of production capabilities, the development of cloud-based access to its quantum systems, and further advancement of its hardware platform.

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.

About eleQtron

Founded in 2020, eleQtron combines research-driven technology development with a strong focus on industrial scaling and commercialization. As quantum computing becomes an essential part of future digital infrastructure alongside data centers, networks, and AI platforms the company is strengthening its position in this emerging sector.