Company brief: Quandela
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 2026-11-04. 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, 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 13 EU-funded quantum projects. EU contribution received: EUR 4,970,566.20 (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
- EIC Pathfinder: 1 project
- SME Instrument or EIC pilot (Horizon 2020): 1 project
| Project | EIC scheme | Start | EU contribution to the project |
|---|---|---|---|
| QUONDENSATE: QUantum reservoir cOmputing based on eNgineered DEfect NetworkS in trAnsition meTal dichalcogEnides | EIC Pathfinder | 2024-04-01 | EUR 2,675,838.75 |
| sepoqc: Scalable Entangled-Photon based Optical Quantum Computers | EIC Accelerator, blended finance (grant plus an EIC Fund investment component) | 2023-01-01 | EUR 2,499,000 |
| EQUALITY: Efficient QUantum Light for TechnologY | SME Instrument or EIC pilot (Horizon 2020) | 2018-05-01 | EUR 50,000 |
| P4Q: Photonics for Quantum Pilot Line | Other scheme | 2026-04-01 | EUR 24,927,964.81 |
| Qu-Pilot: Experimental production capabilities for quantum technologies in Europe | Other scheme | 2023-04-01 | EUR 18,999,992 |
| Qu-Test: Qu-Test | Other scheme | 2023-04-01 | EUR 18,912,678.81 |
| EPIQUE: European Photonic Quantum Computer | Other scheme | 2024-01-01 | EUR 10,340,741.50 |
| EuroQSS: Universal European Quantum Software Stack | Other scheme | 2026-10-01 | EUR 4,999,077.50 |
| QuBriC: Bridging Quantum and Classical Error Correction for Scalable Fault-tolerant Quantum Computing | Other scheme | 2026-10-01 | EUR 4,656,952.08 |
| PHOTONIQC: A Photonic Quantum Computer | Other scheme | 2027-01-01 | EUR 4,650,022.80 |
Source: CORDIS, Publications Office of the European Union, retrieved 2026-10-16.
Patent families
8 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
142 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 Lucy (procured as EuroQCS-France) Procurement contract signed with Quandela and attocube for a 12-qubit photonic machine. (26 September 2024)
Source: the infrastructure deployment tracker of this portal, each milestone checked against official pages.
Announced funding rounds
| Date | Type and status | Amount | Investors (organisations) | Sources |
|---|---|---|---|---|
| 2025-11-19 | 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 eight companies; EUR 171 million of equity combined, no per-company figure) Registry entry Proposed for an EIC Fund investment under EIC STEP Scale Up, subject to due diligence. |
| 2023-11-07 | Equity round (no series named) Closed | at least EUR 50,000,000 As announced: over €50 million from investors | Serena, Crédit Mutuel Innovation, European Innovation Council (EIC) and EIC Fund, Bpifrance, OMNES Capital, Quantonation | Quandela (Company press release, read 2026-10-23; Lead paragraph and dateline paragraph, Paris, 7 November 2023) The amount includes the French government (France 2030) and unnamed banking partners; no split is stated. |
| Currency | Total as announced | Rounds |
|---|---|---|
| EUR | EUR 50,000,000 (at least) | 1 |
Not added: 0 undisclosed, 1 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
- EQUALITY, SME Instrument or EIC pilot (Horizon 2020) (Horizon 2020), started 2018-05-01; EUR 50,000 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
- First EIC Pathfinder or Transition project
- QUONDENSATE, EIC Pathfinder (Horizon Europe), started 2024-04-01; EUR 2,675,838.75 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
- First EIC Accelerator project
- sepoqc, EIC Accelerator, blended finance (grant and EIC Fund investment component) (Horizon Europe), started 2023-01-01; EUR 2,499,000 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
- First round with the EIC Fund among the investors
- 2023-11-07, Equity round (no series named), at least EUR 50,000,000 (as announced: over €50 million from investors). Sources: Quandela (read 2026-10-23; Lead paragraph and dateline paragraph, Paris, 7 November 2023)
- First equity round recorded in the portal
- 2023-11-07, Equity round (no series named), at least EUR 50,000,000 (as announced: over €50 million from investors). Sources: Quandela (read 2026-10-23; Lead paragraph and dateline paragraph, Paris, 7 November 2023)
- Public investment registry
- Quandela selected for EIC STEP Scale Up investment (official source)
- Time between
- 66 months (5.5 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
- 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.