Company brief: Qilimanjaro Quantum Tech
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.
Use the print command of your browser to keep this brief as a PDF. Links stay readable in print.
Company and sources
- Country
- Spain
- SME in CORDIS
- Yes
- Technology areas of its EU projects
- Quantum computing and simulation, Quantum sensing and metrology, Enabling technologies and supply chain
Legal entities linked to this company after a review of name and country:
EU grants
Takes part in 4 EU-funded quantum projects. EU contribution received: EUR 2,810,341.88 (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 Transition: 1 project
| Project | EIC scheme | Start | EU contribution to the project |
|---|---|---|---|
| RoCCQeT: Real-World Commercial Coherent Quantum Annealing Technology | EIC Transition | 2023-03-01 | EUR 2,495,000 |
| SUPREME 1: SUPERCONDUCTING EUROPEAN QUANTUM PILOT LINE | Other scheme | 2026-04-01 | EUR 24,999,049.41 |
| Qu-Pilot: Experimental production capabilities for quantum technologies in Europe | Other scheme | 2023-04-01 | EUR 18,999,992 |
| AVaQus: ANNEALING-BASED VARIATIONAL QUANTUM PROCESSORS | Other scheme | 2020-10-01 | EUR 3,000,000 |
Source: CORDIS, Publications Office of the European Union, retrieved 2026-10-16.
Patent families
3 distinct quantum patent families, looked up on 2026-10-22.
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
Status: not matched in OpenAlex yet.
Source: OpenAlex, CC0; the institution is matched by name and country.
Infrastructure
Status: the deployment tracker names this company in no contract award.
Announced funding rounds
| Date | Type and status | Amount | Investors (organisations) | Sources |
|---|---|---|---|---|
| 2026-10-14 | Equity round (no series named) Closed | EUR 19,600,000 As announced: ampliación de capital de 19,6 millones de euros | SETT (Sociedad Española para la Transformación Tecnológica), Indra Group | Ministerio para la Transformación Digital y de la Función Pública (Spain) (Official page, read 2026-10-23; First body paragraph (SETT invests EUR 9.6 million) and second paragraph (capital increase of EUR 19.6 million)) A public-private capital increase; SETT invested EUR 9.6 million of it. Other investors are not named. |
| Currency | Total as announced | Rounds |
|---|---|---|
| EUR | EUR 19,600,000 | 1 |
Not added: 0 undisclosed, 0 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
- AVaQus, Collaborative research, innovation or coordination action (Horizon 2020), started 2020-10-01; EUR 3,000,000 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
- First EIC Pathfinder or Transition project
- RoCCQeT, EIC Transition (Horizon Europe), started 2023-03-01; EUR 2,495,000 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
- First equity round recorded in the portal
- 2026-10-14, Equity round (no series named), EUR 19,600,000 (as announced: ampliación de capital de 19,6 millones de euros). Sources: Ministerio para la Transformación Digital y de la Función Pública (Spain) (read 2026-10-23; First body paragraph (SETT invests EUR 9.6 million) and second paragraph (capital increase of EUR 19.6 million))
- Time between
- 72 months (6.0 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.
Not covered
- Publications have not been matched in OpenAlex for this company yet.
- 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.