Quantum Start-up Algorithmiq Raises €18m Amid Milan Move

Quantum start-up Algorithmiq raises €18m amid Milan move

European quantum software start-up Algorithmiq has raised €18m and will move to a new global headquarters in Milan, Italy.

Algorithmiq Relocates Global Headquarters to Milan Following €18M ($21.2M USD) Funding Round

Algorithmiq, a quantum software company previously based in Finland, has established its global headquarters in Milan, Italy. The relocation follows an €18 million ($21.2 million USD) funding round—the largest-ever venture capital investment in an Italian quantum startup—led by United Ventures and the Italian institutional investor Cassa Depositi e Prestiti (CDP), with continued participation from Inventure [...] The post Algorithmiq Relocates G…

Quantum software startup Algorithmiq raises €18 million and moves global HQ from Helsinki to Milan

Algorithmiq, a quantum software company, has raised €18 million in funding and moved its global headquarters from Helsinki to Milan.  The round was led by United Ventures and Italian institutional investor CDP Venture Capital, with continued participation from Inventure VC. This funding round brings Algorithmiq’s total funding to €36 million. The company claims this represents Italy’s largest-ever venture capital investment in a quantum startup.…

Algorithmiq lands €18M co-led by CDP Venture Capital to commercialise algorithms for quantum computers

Algorithmiq, a quantum software company from Finland, has moved its global headquarters to Milan after receiving an €18 million investment led by United Ventures and CDP Venture Capital. This investment is the largest venture capital round for a quantum startup in Italy, bringing Algorithmiq’s total funding to €36 million. In 2025, Algorithmiq was the first company in the world to show quantum advantage for a real scientific problem, outperform…