The investment underscores a strategic push by Schwarz Digits into quantum and AI tech, aiming for domestic sovereignty and early access to European-built quantum capabilities.

The funding is notable for its size in Europe’s quantum sector and for signaling a retail group’s strategic, customer-focused approach rather than pure venture funding.

EleQtron reports an order backlog above €60 million, with over 100 staff and collaborations with European research and computing centers to promote industrial quantum use.

New investors receive around 28% of the company’s shares as part of the capital increase, valuing the round potentially up to €200 million depending on subsidies.

EleQtron secured a €57 million Series A to scale its trapped-ion quantum computing tech and push toward industrial commercialization.

The company leverages its MAGIC technology—Magnetic Gradient Induced Coupling—to achieve precise, scalable qubit control with microwaves, aiming to reduce cross-qubit interference and enable chip-integrated trap structures.

The round features Schwarz Digits of the Schwarz Group as lead investor, with the European Investment Bank contributing a matching stake; both hold about 8.7%.

Other participants include Earlybird and other prior backers.

The round was led by Schwarz Digits with participation from the EIC Fund, Earlybird, Ankaa Ventures, Precitec, NRW.BANK, and IFB Hamburg, plus additional EU and NRW grants.

Founded in 2020 as a University of Siegen spin-off, EleQtron focuses on quantum processors based on trapped ions.

The funding package also includes grants from the European Union and the state of North Rhine-Westphalia.

Schwarz Digits, the Schwarz Group’s IT arm, is among the investors and is concurrently advancing a landmark AI data center project in Lübbenau, Brandenburg.