# BTQ funding: rounds and investors

> BTQ has raised $29M across 2 rounds since 2025. Investors include National Research Council of Canada Industrial Research Assistance Program.

Source: https://millionrounds.com/company/btq (Millionrounds; every figure on the page links to its filing or article)

Canada · [Funded startup](https://millionrounds.com/companies)

# Who invested in *BTQ*

2 rounds we have observed, with the one investor named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$29M** raised across 2 rounds since 2025, from 2 sources

- **Latest round:** Round, $29M Jun 2025
- **Investors:** 1

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**?** Venture

**$29M** Round

- **First round:** Venture
- **Biggest round:** $29M
- **Between rounds:** 4 months

## The rounds

- **Jun 2025** Round **$29M** *1 returning* [National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) Source recorded
- **Feb 2025** Venture **Amount undisclosed** *1 new* [National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) Source recorded

## Founders and team

From BTQ's own website: 13 on the team.

- **Chris Tam** President & Head of Innovation, Director
- **Gavin Brennen** Chief Quantum Officer
- **Jeff Choi** Chief Operating Officer
- **Lonny Wong** Chief Financial Officer
- **Anne Reinders** Head of Cryptography
- **Curtis Schlaufman** VP of Marketing & Communications
- **Gopikrishnan Muraleedharan** Head of Quantum Algorithms and Applications Research
- **Mathieu Gauthier** Head of Corporate Development
- **Sean Hackett** Head of Product (Silicon)
- **Ethan Chen** Taiwan Hardware Team Lead
- **Lionel de Saint-Exupéry** Director
- **Mansour Al Suwaidi** Director
- **Philippe Lucet** Director

Advisers *Brandt Pasco* *Dr. Ro Cammarota* *Jalen Hsu*

## Everyone who backed them

[National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) VC firm **2** rounds

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=btq).

## Quick answers about BTQ

### Who invested in BTQ?

BTQ's investors include National Research Council of Canada Industrial Research Assistance Program.

### How much has BTQ raised?

BTQ has raised $29M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor.

### When did BTQ last raise?

BTQ's most recent round was an Undisclosed round of $29M in Jun 2025.

### What was BTQ's biggest round?

Its most recent round, $29M in Jun 2025, is also its largest on record.

### Who backed BTQ first?

BTQ's first round on record, in Feb 2025, was backed by National Research Council of Canada Industrial Research Assistance Program.

### What stage is BTQ at?

BTQ's latest named round is an Undisclosed round, in Jun 2025.

### Where is BTQ based?

BTQ is based in Canada.

## Companies like BTQ

In the same sector, and raised in the last eighteen months.

[**Tenor Labs** $5.0M · Jul 2026](https://millionrounds.com/company/tenor-labs)[**Luxxfolio** $1.1M · Jun 2026](https://millionrounds.com/company/luxxfolio)[**SPIRIT Blockchain Capital** $304K · Jun 2026](https://millionrounds.com/company/spirit-blockchain-capital)[**Parvis Invest** $2.2M · May 2026](https://millionrounds.com/company/parvis-invest)[**Uniblock** $7.5M · Mar 2026](https://millionrounds.com/company/uniblock)[**Cryptostar** $466K · Feb 2026](https://millionrounds.com/company/cryptostar)

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