Fundz

planqc raises €50M in Series A funding led by European Family Office CATRON Holding and DeepTech & Climate Fonds

PRIVATEJul 08, 2024

Amount Raised

€50 Million

Round Type

Series A

MunichInformation TechnologySoftware

Investors

SpeedinvestUvcMax Planck FoundationBayern KapitalDeep Tech & Climate Fonds

Description

Munich-based company planqc, specializing in quantum computers, has secured €50M in a Series A round of funding. The round was led by the European Family Office CATRON Holding and the DeepTech & Climate Fonds, with additional support from Bayern Kapital, the Max-Planck Foundation, private investors, and existing investors UVC and Speedinvest. The round also includes a non-dilutive grant from Germany’s Federal Ministry of Education and Research (BMBF).

Quick answer

planqc raised €50 Million in a Series A round, dated July 8, 2024. Investors: Speedinvest, Uvc, Max Planck Foundation, Bayern Kapital and Deep Tech & Climate Fonds. planqc is based in Munich, Bavaria, Germany.

How much did planqc raise?
planqc raised €50 Million in a Series A round on July 8, 2024.
Who invested in planqc?
Speedinvest, Uvc, Max Planck Foundation, Bayern Kapital and Deep Tech & Climate Fonds are named as investors in this round.
What does planqc do?
planqc's quantum computers store information in individual atoms – nature's best qubits.
Where is planqc based and how big is it?
planqc is based in Munich, Bavaria, Germany. Fundz records about 41 employees.
Who are the decision-makers at planqc?
Fundz holds 1 contact at planqc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as planqc that raised within 45 days of this round, from Fundz verified event records.

  • FLOWIT raised $4.7M (Seed) on August 22, 2024.
  • Opkey raised $47M (Series B) on August 22, 2024.
  • Slingshot AI raised $30M (Seed) on August 22, 2024.
  • Paramify raised $3.5M (Seed) on August 22, 2024.
  • Revenew raised $4.5M (Seed) on August 22, 2024.
  • Harmonyze raised $2M (Pre-Seed) on August 22, 2024.

Who to call at planqc, and when

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Company Information

Company

planqc

Location

Munich, Bavaria, Germany

About

planqc's quantum computers store information in individual atoms – nature's best qubits. Quantum information is processed by arranging these qubits in highly scalable arrays and manipulating them with precisely controlled laser pulses. planqc’s unique combination of quantum technologies is the fastest way to scale to thousands of qubits, a prerequisite for industry-relevant quantum advantage. planqc's founding team combines decades of international research on neutral-atom quantum technologies. Our quantum computers are built on the precision of the world’s best atomic clocks, the world’s best quantum gas microscopes, and high-speed Rydberg gates. planqc is the first startup to emerge from the Munich Quantum Valley, which with its vast network of research institutes and industrial partners fosters a unique quantum ecosystem for startups.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

planqc raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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