Universal Quantum Series A

Universal Quantum, a 2018 University of Sussex spinout headquartered in Haywards Heath, raised a $100M Series A — described as the largest Series A by a UK-headquartered quantum firm — bringing its total raised to over $125M. The company, which has won contracts with the German government and is developing its trapped-ion iQPU chip fabricated on standard 200mm foundry lines, will use the funding to accelerate global expansion in the United States, Japan and its Hamburg hub and to advance development and commercialisation of its fault-tolerant system targeting millions of error-corrected qubits. The round was co-led by Silicon Valley firm DCVC and quantum-focused Firgun Ventures, with participation from Singapore sovereign investor EDBI, Japan's Integral GlobalTech, NGS Super, IAG Capital, EdenBase, Eigenstate Holdings, SiteGround Capital, Roblox founder Dave Baszucki, and existing investors Nauta Capital and The Venture Collective.