# Nu Quantum funding: rounds and investors > Nu Quantum has raised $106M across 4 rounds since 2023. Investors include National Grid, IQ Capital and Amadeus Capital Partners. Every round with its source. Source: https://millionrounds.com/company/nu-quantum (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Series A startup](https://millionrounds.com/companies) # Who invested in *Nu Quantum* 4 rounds we have observed, with the 11 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. Deeptech Quantum Computing Telecoms Raised 11 months ago Follow Nu Quantum and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fnu-quantum) Funding summary Updated 5 Nov 2026 **$106M** raised across 4 rounds since 2023, from 7 sources **$10M** Seed **$317K** Seed **$35M** Round **$60M** Series A - **Latest round:** Series A, $60M Dec 2025 - **Led by:** National Grid - **Step-up i:** 1.7× - **Investors:** 11 (1 led) 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. 2024 2025 **$10M** Seed **$317K** Seed **$35M** Round **$60M** Series A - **First round:** Seed, $10M - **Biggest round:** $60M - **Usual gap between rounds:** 6 months ## The rounds - **Dec 2025** Series A **$60M** *11 new* [National Grid](https://millionrounds.com/fund/national-grid-partners) Lead [IQ Capital](https://millionrounds.com/fund/iq-capital) [Amadeus Capital Partners](https://millionrounds.com/fund/amadeus-capital-partners) [Seraphim Space](https://millionrounds.com/fund/seraphim-space) [Gresham House Ventures](https://millionrounds.com/fund/gresham-house-ventures) [Sumitomo](https://millionrounds.com/fund/sumitomo) [Cambridge Enterprise Ventures](https://millionrounds.com/fund/cambridge-enterprise-ventures) [National Security Strategic Investment Fund (NSSIF)](https://millionrounds.com/fund/national-security-strategic-investment-fund-nssif) [Ahren Innovation Capital](https://millionrounds.com/fund/ahren-innovation-capital) [Morpheus Ventures](https://millionrounds.com/fund/morpheus-ventures) [East Innovate](https://millionrounds.com/fund/east-innovate) Reported by Firms' own news pages and 3 others - **May 2025** Round **$35M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Mar 2024** Seed **$317K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Aug 2023** Seed **$10M** No investor was named in the report. Also list them on their own site [East X Ventures](https://millionrounds.com/fund/east-x-ventures) Shares issued, filed with Companies House (SH01); no report of this raise yet ## Funding filed with regulators Nu Quantum filed 10 raises, $75M in all. Filings say how much was sold and to how many investors; they never name the investors. - Feb 2026 **$2.9M** UK share allotment - Feb 2026 **$3.1M** UK share allotment - Dec 2025 **$23M** UK share allotment - Jun 2025 **$24M** UK share allotment - May 2025 **$10M** UK share allotment - Mar 2024 **$317K** UK share allotment - Dec 2023 **$1.6M** UK share allotment - Nov 2023 **$613K** UK share allotment - Sept 2023 **$781K** UK share allotment - Aug 2023 **$7.5M** UK share allotment ## Founders and team From Nu Quantum's own website: 1 founder, 57 on the team. **Dr. Carmen Palacios-Berraquero** Founder and CEO - **Jonathan Cumming** Chief Financial Officer - **Danny Garden** VP Engineering - **Dr. Claire Le Gall** VP Technology - **Dr. Maria Maragkou** VP Business Development - **Ed Wood** VP Product - **Natasha Conway** Head of Photonic Systems - **Paul Rushton** Head of Control Systems - **Sam Funnell** VP Legal & IP - **Amii Shepperson** Director of People - **Andy Pearson** Purchasing Manager - **Ankur Khurana** Senior Photonics Engineer - **Antony Burness** Principal Mechanical Engineer - **Balaji Vedal Ramesh** Project Manager - **Ben McElfresh** Product Manager - **Ben Walker-Pearl** Senior Optics Engineer - **Bhargavi Jonnadula** Senior QEC Researcher - **Bruce Scott** Principal Nanofabrication Engineer - **Coral Westoby** Senior Control Engineer And 39 more on the team. ## 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. **Seed** 2023 **Seed** 2024 **Round** 2025 **Series A** 2025 [National Grid](https://millionrounds.com/fund/national-grid-partners) L [IQ Capital](https://millionrounds.com/fund/iq-capital) [Amadeus Capital Partners](https://millionrounds.com/fund/amadeus-capital-partners) [Seraphim Space](https://millionrounds.com/fund/seraphim-space) [Gresham House Ventures](https://millionrounds.com/fund/gresham-house-ventures) [Sumitomo](https://millionrounds.com/fund/sumitomo) [Cambridge Enterprise Ventures](https://millionrounds.com/fund/cambridge-enterprise-ventures) [National Security Strategic Investment Fund (NSSIF)](https://millionrounds.com/fund/national-security-strategic-investment-fund-nssif) [Ahren Innovation Capital](https://millionrounds.com/fund/ahren-innovation-capital) [Morpheus Ventures](https://millionrounds.com/fund/morpheus-ventures) ## Everyone who backed them [National Grid](https://millionrounds.com/fund/national-grid-partners) VC firm **1** round, led 1 [IQ Capital](https://millionrounds.com/fund/iq-capital) VC firm **1** round [Amadeus Capital Partners](https://millionrounds.com/fund/amadeus-capital-partners) VC firm **1** round [Seraphim Space](https://millionrounds.com/fund/seraphim-space) VC firm **1** round [Gresham House Ventures](https://millionrounds.com/fund/gresham-house-ventures) Growth equity **1** round [Sumitomo](https://millionrounds.com/fund/sumitomo) VC firm **1** round [Cambridge Enterprise Ventures](https://millionrounds.com/fund/cambridge-enterprise-ventures) VC firm **1** round [National Security Strategic Investment Fund (NSSIF)](https://millionrounds.com/fund/national-security-strategic-investment-fund-nssif) Corporate VC **1** round [Ahren Innovation Capital](https://millionrounds.com/fund/ahren-innovation-capital) VC firm **1** round [Morpheus Ventures](https://millionrounds.com/fund/morpheus-ventures) VC firm **1** round [East Innovate](https://millionrounds.com/fund/east-innovate) Corporate VC **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=nu-quantum). ## Also claim to have backed them These 8 firms list Nu Quantum as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Presidio Ventures](https://millionrounds.com/fund/presidio-ventures) Corporate VC Per its own site [Start Capital](https://millionrounds.com/fund/start-capital) Angel network Per its own site [EMV Capital](https://millionrounds.com/fund/emv-capital-plc) VC firm Per its own site [Martlet Capital](https://millionrounds.com/fund/martlet) VC firm Per its own site [Allied](https://millionrounds.com/fund/allied) VC firm Per its own site [Deeptech Labs](https://millionrounds.com/fund/deeptech-labs) Accelerator Per its own site [East X Ventures](https://millionrounds.com/fund/east-x-ventures) VC firm Seed, 2023, per its site [NetScientific PLC](https://millionrounds.com/fund/netscientific-plc) VC firm Per its own site ## Quick answers about Nu Quantum ### Who invested in Nu Quantum? Nu Quantum's investors include National Grid, IQ Capital, Amadeus Capital Partners, Seraphim Space and Gresham House Ventures, and 6 more on record. National Grid led its latest round. ### How much has Nu Quantum raised? Nu Quantum has raised $106M across 4 rounds since 2023. ### When did Nu Quantum last raise? Nu Quantum's most recent round was a Series A of $60M in Dec 2025, led by National Grid. ### What was Nu Quantum's biggest round? Its most recent round, $60M in Dec 2025, is also its largest on record. ### Who backed Nu Quantum first? Nu Quantum's first round on record, in Dec 2025, was backed by National Grid, IQ Capital and Amadeus Capital Partners and 8 others. ### What stage is Nu Quantum at? Nu Quantum's latest named round is a Series A, in Dec 2025. ### Where is Nu Quantum based? Nu Quantum is based in the United Kingdom. ### Who led Nu Quantum's rounds? National Grid led the Series A in 2025. ## Companies like Nu Quantum In the same sector, and raised in the last eighteen months. [**Open Cosmos** $737M · Oct 2026](https://millionrounds.com/company/open-cosmos)[**Salience Labs** $169M · Oct 2026](https://millionrounds.com/company/salience-labs)[**MicroLub** $15M · Sept 2026](https://millionrounds.com/company/microlub)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)[**iGii** $27M · Sept 2026](https://millionrounds.com/company/igii)[**Dragonfly Insulation** $1.9M · Sept 2026](https://millionrounds.com/company/dragonfly-insulation) ## 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