Company brief: Pasqal

Information only, not investment advice. This view does not rate, score or recommend any company or investor. Figures are as published by the sources named, with their dates; missing evidence is shown as not covered, never as a low value.

Brief dated 2026-11-03. Figures assembled on 2026-11-02 from the stored copies of the sources named in each section.

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Company and sources

Country: France
SME in CORDIS: Yes
Technology areas of its EU projects: Quantum computing and simulation, Quantum communication, Enabling technologies and supply chain

Legal entities linked to this company after a review of name and country:

EU grants

Takes part in 10 EU-funded quantum projects. EU contribution received: EUR 10,877,502.75 (net EU contribution CORDIS records for the company in these projects; not the project budgets and not payments).

EIC schemes named by the CORDIS funding scheme

EIC Accelerator, blended finance (grant plus an EIC Fund investment component): 1 project
SME Instrument or EIC pilot (Horizon 2020): 1 project

EIC projects first, then the largest awards (whole project, all participants)
Project	EIC scheme	Start	EU contribution to the project
Qu&Co-Flow: Quantum software platform for multiphysics simulations	EIC Accelerator, blended finance (grant plus an EIC Fund investment component)	2022-12-01	EUR 2,496,599
FRESNEL: Quantum computing with atom arrays—bringing Europe to the forefront of the quantum race	SME Instrument or EIC pilot (Horizon 2020)	2021-04-01	EUR 2,495,062.50
QIA-Phase2: Quantum Internet Alliance - Phase2	Other scheme	2026-04-01	EUR 47,500,000
Q-PLANET SGA1: Quantum Pilot Line for production of Advanced chips for Neutral atom European Technologies - Specific Agreement 1	Other scheme	2026-05-01	EUR 24,991,274.91
QIA-Phase1: Quantum Internet Alliance - Phase1	Other scheme	2022-10-01	EUR 24,000,000
PASQuanS2.1: Programmable Atomic Large-scale Quantum Simulation 2 - SGA1	Other scheme	2023-04-01	EUR 16,594,068.75
PASQuanS: Programmable Atomic Large-Scale Quantum Simulation	Other scheme	2018-10-01	EUR 9,257,515
EQUALITY: Efficient QUantum ALgorithms for IndusTrY	Other scheme	2022-11-01	EUR 6,043,935
EuRyQa: European infrastructure for Rydberg Quantum Computing	Other scheme	2022-10-01	EUR 4,970,860
QuBriC: Bridging Quantum and Classical Error Correction for Scalable Fault-tolerant Quantum Computing	Other scheme	2026-10-01	EUR 4,656,952.08

Source: CORDIS, Publications Office of the European Union, retrieved 2026-10-16.

Patent families

70 distinct quantum patent families, looked up on 2026-10-23.

Source: European Patent Office, Open Patent Services, by applicant name in the quantum CPC groups; derived counts only. A count is not a measure of patent quality or ownership.

Publications

130 works in quantum topics of the matched OpenAlex institution, looked up on 2026-10-20.

Source: OpenAlex, CC0; the institution is matched by name and country.

Infrastructure

Named as supplier in a contract award of the deployment tracker:

Milestones of SOL (procured as EuroQCS-Italy) Procurement contract signed with Pasqal; at least 140 qubits in analogue mode at first. (27 March 2025)

Source: the infrastructure deployment tracker of this portal, each milestone checked against official pages.

Announced funding rounds

Announced rounds, newest first
Date	Type and status	Amount	Investors (organisations)	Sources
2026-03-04	Equity round (no series named) Closed	EUR 170,000,000 As announced: EUR 170 million private funding round	Parkway, Quanta Computer, LG Electronics, CMA CGM, European Innovation Council (EIC) and EIC Fund, Temasek, Saudi Aramco Entrepreneurship Ventures, ISAI	Pasqal (Company press release, read 2026-10-23; Opening paragraph; paragraph beginning "The funding round brings together") No lead investor is stated. A separate instrument from the committed convertible financing of about EUR 170 million announced in the same release (next entry): together they make the "at least EUR 340 million" of its headline, so this is not a duplicate (checked against the release on 27 October 2026). The release calls it a private funding round; "equity" is the portal's classification. Announced ahead of a planned listing.
2026-03-04	Convertible financing Committed, not yet drawn	about EUR 170,000,000 As announced: committed convertible financing of approximatively EUR 170 million (USD200 million)	Not named	Pasqal (Company press release, read 2026-10-23; Opening paragraph) Committed, not drawn; the provider is not named in the release. A separate instrument from the EUR 170 million private funding round of the same release (previous entry), not the same money.
2025-04-03	Public equity investment (EIC STEP Scale Up) Selected, subject to due diligence	Undisclosed	European Innovation Council (EIC) and EIC Fund	European Innovation Council (Official page, read 2026-10-23; List of the seven companies put forward; scheme range of EUR 10 to 30 million per company) Registry entry Put forward for an EIC Fund investment decision under EIC STEP Scale Up, subject to due diligence.
2023-01-24	Series B Closed	EUR 100,000,000 As announced: €100 million equity Series B raise	Temasek (lead), European Innovation Council (EIC) and EIC Fund, Wa'ed Ventures, Bpifrance, Quantonation, Defense Innovation Fund, Daphni, Eni Next	Quantonation (Investor press release, read 2026-10-23; Opening paragraph under Summary, Paris, 24 January 2023) Registry entry

Closed, disclosed investment rounds, one line per currency
Currency	Total as announced	Rounds
EUR	EUR 270,000,000	2

Not added: 0 undisclosed, 2 not closed (targets, commitments and selections), 0 acquisitions or listings and 0 included in a later figure. Currencies are never converted or added together.

From grant to equity

First EU-funded quantum project: PASQuanS, Collaborative research, innovation or coordination action (Horizon 2020), started 2018-10-01; EUR 9,257,515 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
First EIC Accelerator project: Qu&Co-Flow, EIC Accelerator, blended finance (grant and EIC Fund investment component) (Horizon Europe), started 2022-12-01; EUR 2,496,599 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
First round with the EIC Fund among the investors: 2023-01-24, Series B, EUR 100,000,000 (as announced: €100 million equity Series B raise). Sources: Quantonation (read 2026-10-23; Opening paragraph under Summary, Paris, 24 January 2023)
First equity round recorded in the portal: 2023-01-24, Series B, EUR 100,000,000 (as announced: €100 million equity Series B raise). Sources: Quantonation (read 2026-10-23; Opening paragraph under Summary, Paris, 24 January 2023)
Public investment registry: EIC Fund investment agreement with PASQAL (official source)
PASQAL selected for EIC STEP Scale Up investment (official source)
Time between: 51 months (4.3 years) from the start of the first project to the first equity round recorded in the portal. That round is later than Series A, so earlier rounds are missing from the rounds file and the journey is left out of the median.

Lab to market: method, limits and every journey

Not covered

Valuations, revenues, ownership stakes, cap tables and individual investors are not collected.
National grants, regional aid, loans and payments are not covered; EU figures are amounts awarded, not paid.
Use of infrastructure as a customer is not recorded; only a named supplier role in the deployment tracker is shown.
Nothing here is a rating, a recommendation or investment advice; figures are as published by their sources.

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