Danish company Sparrow Quantum raises €27.5M in Series A

Danish company Sparrow Quantum has completed a €27.5 million Series A funding round, a new step toward making quantum technologies available for industrial applications. The new investors include Danish firms North Ventures, Scale Capital, and Jacob Jakobsen Gruppen ApS, as well as LIFTT EuroInvest, the investment vehicle created by the European Investment Bank and LIFTT, the Italian venture capital fund already invested in Sparrow Quantum. "We are at the heart of a global technological paradigm shift, where quantum physics is moving from theory to reality," says CEO Kurt Stokbro. The company's core product, Sparrow Core, is already used by several tech firms in Europe. Sparrow Quantum now plans to expand its development capacity, strengthen production, and continue work on its next-generation quantum chips