The Netherlands sets new standard in quantum processor technology with investment in QuantWare

QuantWare's VIO technology enables the construction of quantum processors with over a million qubits. This is a significant step in the global race for powerful quantum computers, capable of solving complex problems in healthcare, energy management, and cybersecurity, among others.

In 2023, the Deep Tech Fund of Invest-NL conducted an extensive study into the Dutch quantum ecosystem. This 'deep dive' led to an investment strategy focused on strengthening and promoting this ecosystem.

"Our investment in QuantWare underscores our ambition to scale Dutch quantum companies to become global players," says Yvonne Greeuw, investment manager at the Deep Tech Fund of Invest-NL. "QuantWare’s innovative architecture has the potential to play a crucial role in scaling quantum computers. This is not only important for technological progress but also for the further strengthening of the Dutch quantum sector. We are proud to support QuantWare as co-lead investor, together with InnovationQuarter, on their journey towards further international growth and impact."

Quantum technology has been recognised by the Ministry of Economic Affairs as one of the ten key technologies in the National Technology Strategy. With this investment, the Netherlands reinforces its position as a leader in the quantum industry.

To compete internationally, the Netherlands must compete with countries where quantum companies benefit from substantial government support. This requires a long-term vision and patience. Private investors are essential, but often need convincing. That is why Invest-NL and InnovationQuarter act as co-lead investors in this Series A round. In this way, we mobilise European capital and ensure that existing private investors such as Forward.One and Graduate Entrepreneur Fund can continue to contribute to QuantWare's growth.