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Quantum Computing funding activity

356 disclosed rounds across 185 companies in the last three years. Below: how they split by stage, which investors appear most often, and where the totals come from.

Rounds per quarter
2023-Q32026-Q1

Peak 45 rounds in a quarter. Axis starts at zero.

The last three years

Computed from disclosed rounds. Figures update when the data does.

0
Rounds
0
Companies
0
Rounds with an amount
$13B
Disclosed total
$8M
Median round

Where the money enters

Stage distribution over the same three years. A sector weighted to Pre-Seed and Seed is being formed; one weighted to later rounds is consolidating.

Seed
17649%
Series A
8524%
Late Stage (Series C+)
5014%
Pre-Seed
298%
Series B
164%

Investors appearing most often

Ranked by number of rounds participated in, not by capital deployed — an accelerator writing 180 small cheques ranks above a fund writing four large ones, which is the right ranking when the question is who to approach.

  1. EIC Accelerator16 rounds
  2. Alumni Ventures9 rounds
  3. US Department of Energy7 rounds
  4. Ground State Ventures5 rounds
  5. 55 North5 rounds
  6. Baidu Ventures5 rounds
  7. HSG4 rounds
  8. ARPA-E4 rounds

Largest disclosed raisers

By disclosed amount across the period. Companies whose rounds carried no public amount cannot appear here however large the raise was.

  1. PsiQuantum$2B
  2. Quantum Computing$2B
  3. China Fusion Energy$2B
  4. D-Wave Quantum$780M
  5. Valar Atomics$599M
  6. Xanadu$581M
  7. SandboxAQ$475M
  8. Rigetti Computing$385M

How to read these numbers

A company usually carries several sector tags, so its rounds count towards each. Sector totals therefore sum to more than the total number of rounds, and two sectors here can describe the same round.

Only rounds with a publicly disclosed amount contribute to totals and medians. Roughly a quarter of rounds carry no amount, and those are counted in the round count but never modelled into a figure.

A sector appears only with at least 100 rounds in the last three years. Below that the quarterly shape is noise, and a chart of noise is worse than no chart.

Work the underlying rounds, not the summary

This page is a fixed slice. In the product the same rounds are filterable by stage, geography and investor activity, and every investor here opens to their full participation history.