Sparrow Quantum has successfully secured €21.5 million in Series A funding.This significant investment will accelerate the development and commercialization of Sparrow Quantum's cutting-edge quantum chip technology. The funding round was led by PensionDanmark, with strong support from EIFO and Novo Holdings, alongside additional investments from existing investors 2xN, LIFTT, and the European Innovation Council.
Sparrow Quantum builds on a rich Danish history of scientific quantum discovery. The company's founder, Professor Peter Lodahl, conducted pioneering research at the Niels Bohr Institute in Copenhagen, which laid the groundwork for Sparrow Quantum's flagship product, Sparrow Core. This on-chip deterministic single-photon source is critical for scaling photonic quantum computing by reliably generating photons on demand. Today, Sparrow Core sets the industry benchmark, delivering best-in-class efficiency, quality, and exceptional stability.
“With this investment, we can truly intensify our efforts to bring quantum technology from the lab to the market,” says Professor Peter Lodahl, Founder and Chief Quantum Officer of Sparrow Quantum. “It enables us to scale up in three critical areas essential for industrializing our photonic quantum chips and ensuring we can deliver stable, advanced solutions to the market. It is an honor to build up a truly world-class team of quantum photonics experts with unique know-how on quantum photonic chip technology.”
Building on a €4.1 million seed investment raised in 2023, this new funding enables Sparrow Quantum to broaden its ambitions across the following strategic areas:
Scaling Production: Establish a scaled-up production for photonic quantum chips to meet growing demand.
Advancing R&D: Develop entangled photon sources, critical to unlocking the full potential of quantum technologies.
Expanding Expertise: Expand technical expertise to bring new quantum products to market.
“Quantum technology can open an entirely new world of solutions to complex problems, and the Danish research environment, from which Sparrow Quantum emerges, has the potential to position Denmark as an international frontrunner in the field. Therefore, we see a clear potential for the investment to yield an attractive return on our members' pension savings while also benefiting the national economy and Danish industry. That is why it is an obvious investment for PensionDanmark,” says Peter Stensgaard Mørch, CEO of PensionDanmark.
In recent years, Sparrow Quantum has made significant strides toward delivering market-ready solutions by partnering with quantum computer integrators and full-stack system providers across Europe. Powered by the Sparrow Core chip, photonic quantum computers can achieve notably faster processing speeds than earlier iterations using probabilistic sources, fueling further advancements in generative AI and quantum-optimized machine learning. These developments promise unprecedented scalability and real-world applications across multiple sectors — within Europe and beyond.
This investment exemplifies how to foster broader collaboration among chip manufacturers, foundries, and system integrators on European soil, marking a crucial leap for Europe’s emerging quantum supply chain. As Sparrow Quantum’s CEO Kurt Stokbro highlights: “This investment is a testament to Denmark and Europe’s ability to lead in quantum technology. With strong backing from visionary Danish investors, we are ready to unlock quantum breakthroughs that benefit society and the global economy.” Beyond commercial scaling, this investment strengthens Europe’s quantum supply chain, ensuring that chip manufacturing, quality control, and R&D remain within European borders. This aligns with key EU initiatives like the Chips Act, reinforcing technological sovereignty and global competitiveness in quantum innovation.
Source: Sparrow Quantum
