# D-Wave Systems funding: rounds and investors > D-Wave Systems has raised $145M across 11 rounds since 2006. Investors include BDC Capital, DFJ and GrowthWorks. Every round with its source. Source: https://millionrounds.com/company/d-wave-systems (Millionrounds; every figure on the page links to its filing or article) Canada · [Funded startup](https://millionrounds.com/companies) # Who invested in *D-Wave Systems* 11 rounds we have observed, with the 15 investors 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. Quantum Computing Funding summary Updated 26 Oct 2026 **$145M** raised across 11 rounds since 2006, from 11 sources **$14M** Series B **$17M** Series C **$3.0M** Debt **$1.2M** Venture **$30M** Venture **$1.0M** Venture **$3.9M** Round **$28M** Round **$2.2M** Venture **$23M** Venture **$21M** Round - **Latest round:** Round, $21M Oct 2016 - **Biggest round:** $30M Venture · Oct 2012 - **Investors:** 15 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. 2006 2008 2010 2012 2014 2016 **$14M** Series B **$17M** Series C **$3.0M** Debt **$1.2M** Venture **$1.0M** Venture **$3.9M** Round **$28M** Round **$21M** Round - **First round:** Series B, $14M - **Biggest round:** $30M - **Usual gap between rounds:** 6 months ## The rounds - **Oct 2016** Round **$21M** *2 new* [Fidelity](https://millionrounds.com/fund/fidelity) [Public Sector Pension Investment Board (PSP Investments)](https://millionrounds.com/fund/public-sector-pension-investment-board-psp-investments) Reported by BetaKit: funding - **Jan 2015** Venture **$23M** No investor was named in the report. From a historical funding record SEC filing: $2.2M sold, first sale Oct 2014 - **Nov 2014** Venture **$2.2M** No investor was named in the report. From a historical funding record SEC filing: $2.2M sold, first sale Oct 2014 - **Jul 2014** Round **$28M** *1 new* *2 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) From a historical funding record SEC filing: $28M sold, first sale Jun 2014 - **May 2014** Round **$3.9M** No investor was named in the report. From a historical funding record SEC filing: $3.9M sold, first sale May 2014 - **Apr 2013** Venture **$1.0M** No investor was named in the report. Reported by sec.gov SEC filing: $1.0M sold, first sale Mar 2013 - **Oct 2012** Venture **$30M** *4 new* *6 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [DFJ](https://millionrounds.com/fund/dfj) [In-Q-Tel](https://millionrounds.com/fund/iqt) [GrowthWorks](https://millionrounds.com/fund/growthworks) [Harris & Harris Group](https://millionrounds.com/fund/harris-and-harris-group) [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) [British Columbia Discovery Fund](https://millionrounds.com/fund/british-columbia-discovery-fund) [Kensington Capital Partners Limited](https://millionrounds.com/fund/kensington-capital-partners-limited) [International Investment & Underwriting Limited](https://millionrounds.com/fund/international-investment-and-underwriting-limited) Reported by finsmes.com SEC filing: $1.2M sold, first sale Sept 2012 - **Sept 2012** Venture **$1.2M** *1 new* [In-Q-Tel](https://millionrounds.com/fund/iqt) Reported by sec.gov SEC filing: $1.2M sold, first sale Sept 2012 - **Mar 2012** Debt **$3.0M** No investor was named in the report. Reported by sec.gov SEC filing: $3.0M sold, first sale Mar 2012 - **Jan 2008** Series C **$17M** *2 new* *5 returning* [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [DFJ](https://millionrounds.com/fund/dfj) [GrowthWorks](https://millionrounds.com/fund/growthworks) [Harris & Harris Group](https://millionrounds.com/fund/harris-and-harris-group) [PenderFund Capital Management](https://millionrounds.com/fund/penderfund-capital) [International Investment & Underwriting Limited](https://millionrounds.com/fund/international-investment-and-underwriting-limited) [BC Investment Management Corporation](https://millionrounds.com/fund/bc-investment-management-corporation) Reported by theregister.co.uk - **May 2006** Series B **$14M** *5 new* [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [DFJ](https://millionrounds.com/fund/dfj) [GrowthWorks](https://millionrounds.com/fund/growthworks) [Harris & Harris Group](https://millionrounds.com/fund/harris-and-harris-group) [BC Investment Management Corporation](https://millionrounds.com/fund/bc-investment-management-corporation) Reported by dwavesys.com ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Venture** 2012 **Venture** 2012 **Venture** 2013 **Round** 2014 **Round** 2014 **Venture** 2014 **Venture** 2015 **Round** 2016 [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [DFJ](https://millionrounds.com/fund/dfj) [GrowthWorks](https://millionrounds.com/fund/growthworks) [Harris & Harris Group](https://millionrounds.com/fund/harris-and-harris-group) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [In-Q-Tel](https://millionrounds.com/fund/iqt) [International Investment & Underwriting Limited](https://millionrounds.com/fund/international-investment-and-underwriting-limited) [BC Investment Management Corporation](https://millionrounds.com/fund/bc-investment-management-corporation) [Fidelity](https://millionrounds.com/fund/fidelity) [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) ## Everyone who backed them [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) VC firm **4** rounds [DFJ](https://millionrounds.com/fund/dfj) VC firm **3** rounds [GrowthWorks](https://millionrounds.com/fund/growthworks) VC firm **3** rounds [Harris & Harris Group](https://millionrounds.com/fund/harris-and-harris-group) Growth equity **3** rounds [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **2** rounds [In-Q-Tel](https://millionrounds.com/fund/iqt) Accelerator **2** rounds [International Investment & Underwriting Limited](https://millionrounds.com/fund/international-investment-and-underwriting-limited) VC firm **2** rounds [BC Investment Management Corporation](https://millionrounds.com/fund/bc-investment-management-corporation) Growth equity **2** rounds [Fidelity](https://millionrounds.com/fund/fidelity) VC firm **1** round [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) Investment firm **1** round [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) Family office **1** round [British Columbia Discovery Fund](https://millionrounds.com/fund/british-columbia-discovery-fund) VC firm **1** round [Kensington Capital Partners Limited](https://millionrounds.com/fund/kensington-capital-partners-limited) VC firm **1** round [PenderFund Capital Management](https://millionrounds.com/fund/penderfund-capital) VC firm **1** round [Public Sector Pension Investment Board (PSP Investments)](https://millionrounds.com/fund/public-sector-pension-investment-board-psp-investments) Institutional LP **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=d-wave-systems). ## Quick answers about D-Wave Systems ### Who invested in D-Wave Systems? D-Wave Systems's investors include BDC Capital, DFJ, GrowthWorks, Harris & Harris Group and Goldman Sachs, and 10 more on record. ### How much has D-Wave Systems raised? D-Wave Systems has raised $145M across 11 rounds since 2006. ### When did D-Wave Systems last raise? D-Wave Systems's most recent round was an Undisclosed round of $21M in Oct 2016. ### What was D-Wave Systems's biggest round? D-Wave Systems's largest round on record is $30M (Venture), in Oct 2012. ### Who backed D-Wave Systems first? D-Wave Systems's first round on record, in May 2006, was backed by BDC Capital, DFJ and GrowthWorks and 2 others. ### What stage is D-Wave Systems at? D-Wave Systems's latest named round is an Undisclosed round, in Oct 2016. ### Where is D-Wave Systems based? D-Wave Systems is based in Canada. ## Companies like D-Wave Systems In the same sector, and raised in the last eighteen months. [**Meissner** $2.6M · Sept 2026](https://millionrounds.com/company/meissner)[**Nord Quantique** $47M · May 2026](https://millionrounds.com/company/nord-quantique)[**Oratomic** $775M · Oct 2026](https://millionrounds.com/company/oratomic)[**Quanfluence** $12M · Oct 2026](https://millionrounds.com/company/quanfluence)[**Mesa Quantum** $23M · Sept 2026](https://millionrounds.com/company/mesa-quantum)[**QSENSATO** $1.1M · Sept 2026](https://millionrounds.com/company/qsensato) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app