Danish firm Sparrow Quantum raises €27.5M in Series A

Danish company Sparrow Quantum has completed a Series A funding round totaling 27.5 million euros, a new step toward the industrial adoption of quantum technologies, the company announced. New investors include North Ventures, Scale Capital, and Jacob Jakobsen Gruppen ApS, all based in Denmark, as well as LIFTT EuroInvest, the investment vehicle created by the European Investment Bank together with LIFTT, the Italian venture capital fund already part of Sparrow Quantum's shareholder base. "We are in the midst of a global technological paradigm shift, where quantum physics moves from theory to reality," says Kurt Stokbro, CEO of Sparrow Quantum. "With this investment, we can materialize our vision of providing the world's most reliable quantum chips to companies and research centers developing next-generation quantum systems. It is a milestone for us as a company and for the entire European quantum ecosystem." The company's core product, Sparrow Core, is already being used by several European tech companies. The technology is a key component of photonic quantum systems, which operate at room temperature and are less sensitive to noise than other quantum platforms. According to the company, this makes the technology more robust and scalable, bringing its use closer to real commercial applications. Sparrow Quantum now plans to expand its development capacity, increase production, and continue working on the next generation of quantum chips. "We have demonstrated that our technology works; now it's about scaling it and making it widely accessible," notes Peter Lodahl, founder and Chief Quantum Officer of Sparrow Quantum. "This is no longer science fiction. It is the technology of the future, and we are proud to bring it from Denmark to the rest of the world