{
    "title": "Company brief: Sparrow Quantum",
    "notice": "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.",
    "generated": "2026-11-04",
    "rows_assembled": "2026-11-02",
    "company": {
        "id": "sparrow-quantum",
        "name": "Sparrow Quantum",
        "country": "DK",
        "sme_in_cordis": true,
        "brief": "/quantum-europe/investors/companies/sparrow-quantum/brief",
        "cordis_organisations": [
            "cordis-org:918748402"
        ],
        "technology_areas": [
            "computing",
            "communication",
            "enabling"
        ],
        "eu_projects": 4,
        "eu_contribution_received_eur": 7061991.63,
        "eic_projects": {
            "accelerator": 1,
            "accelerator_bf": 1
        },
        "patents": {
            "families": 1,
            "lower_bound": false,
            "looked_up": "2026-10-22"
        },
        "publications": null,
        "deployment_records": [],
        "rounds": [
            "sparrow-2025-04-series-a"
        ],
        "signals": [
            "eu_grants",
            "eic_accelerator",
            "patents",
            "rounds"
        ]
    },
    "projects": [
        {
            "id": "cordis:101296899",
            "acronym": "QPAIR",
            "title": "Quantum Photonic Architecture for an Integrated deterministic entanglement Resource",
            "url": "https://cordis.europa.eu/project/id/101296899",
            "start": "2026-06-01",
            "project_eu_contribution": 2499999,
            "currency": "EUR",
            "eic_scheme": "EIC Accelerator (grant only)"
        },
        {
            "id": "cordis:190120340",
            "acronym": "QTOOL",
            "title": "Single-Photon Light Sources for Quantum Technologies",
            "url": "https://cordis.europa.eu/project/id/190120340",
            "start": "2022-04-01",
            "project_eu_contribution": 2490742.63,
            "currency": "EUR",
            "eic_scheme": "EIC Accelerator, blended finance (grant plus an EIC Fund investment component)"
        },
        {
            "id": "cordis:101297140",
            "acronym": "QIA-Phase2",
            "title": "Quantum Internet Alliance - Phase2",
            "url": "https://cordis.europa.eu/project/id/101297140",
            "start": "2026-04-01",
            "project_eu_contribution": 47500000,
            "currency": "EUR",
            "eic_scheme": null
        },
        {
            "id": "cordis:101291189",
            "acronym": "P4Q",
            "title": "Photonics for Quantum Pilot Line",
            "url": "https://cordis.europa.eu/project/id/101291189",
            "start": "2026-04-01",
            "project_eu_contribution": 24927964.81,
            "currency": "EUR",
            "eic_scheme": null
        }
    ],
    "cordis_retrieved": "2026-10-16",
    "rounds": [
        {
            "id": "sparrow-2025-04-series-a",
            "company": "Sparrow Quantum",
            "company_id": "sparrow-quantum",
            "date": "2025-04-10",
            "type": "Series A",
            "status": "Closed",
            "amount": 21500000,
            "currency": "EUR",
            "amount_as_announced": "21.5 million Euro",
            "qualifier": "exact",
            "lead_investors": [
                "PensionDanmark"
            ],
            "investors": [
                "PensionDanmark",
                "EIFO (Export and Investment Fund of Denmark)",
                "Novo Holdings (including its Quantum Fund)",
                "2xN",
                "LIFTT",
                "European Innovation Council (EIC) and EIC Fund"
            ],
            "sources": [
                {
                    "url": "https://eifo.dk/en/knowledge-hub/eifo-invests-in-leading-quantum-chip-company",
                    "publisher": "EIFO",
                    "kind": "investor",
                    "retrieved": "2026-10-23",
                    "locator": "Paragraph beginning \"The investment round was led by PensionDanmark\" and the paragraph before it"
                }
            ],
            "included_in_later_figure_of": [],
            "public_investment_registry": [],
            "note": ""
        }
    ],
    "lab_to_market": {
        "id": "sparrow-quantum",
        "name": "Sparrow Quantum",
        "country": "DK",
        "method": "reviewed_link",
        "pics": [
            "918748402"
        ],
        "nid": 119,
        "families": [
            "computing",
            "communication",
            "enabling"
        ],
        "grants": 4,
        "first_grant": {
            "id": "cordis:190120340",
            "acronym": "QTOOL",
            "title": "Single-Photon Light Sources for Quantum Technologies",
            "start": "2022-04-01",
            "programme": "Horizon Europe",
            "scheme": "HORIZON-EIC-ACC-BF",
            "kind": "eic_accelerator_bf",
            "amount": 2490742.63,
            "currency": "EUR",
            "measure": "EU contribution (maximum grant agreed)",
            "url": "https://cordis.europa.eu/project/id/190120340",
            "nid": 1688
        },
        "first_eic_early": null,
        "first_eic_accelerator": {
            "id": "cordis:190120340",
            "acronym": "QTOOL",
            "title": "Single-Photon Light Sources for Quantum Technologies",
            "start": "2022-04-01",
            "programme": "Horizon Europe",
            "scheme": "HORIZON-EIC-ACC-BF",
            "kind": "eic_accelerator_bf",
            "amount": 2490742.63,
            "currency": "EUR",
            "measure": "EU contribution (maximum grant agreed)",
            "url": "https://cordis.europa.eu/project/id/190120340",
            "nid": 1688
        },
        "first_eic_fund": {
            "id": "sparrow-2025-04-series-a",
            "date": "2025-04-10",
            "type": "series_a",
            "status": "closed",
            "amount": 21500000,
            "currency": "EUR",
            "amount_text": "21.5 million Euro",
            "qualifier": "exact",
            "eic": true,
            "sources": [
                {
                    "url": "https://eifo.dk/en/knowledge-hub/eifo-invests-in-leading-quantum-chip-company",
                    "publisher": "EIFO",
                    "kind": "investor",
                    "retrieved": "2026-10-23",
                    "locator": "Paragraph beginning \"The investment round was led by PensionDanmark\" and the paragraph before it"
                }
            ],
            "registry": []
        },
        "first_equity": {
            "id": "sparrow-2025-04-series-a",
            "date": "2025-04-10",
            "type": "series_a",
            "status": "closed",
            "amount": 21500000,
            "currency": "EUR",
            "amount_text": "21.5 million Euro",
            "qualifier": "exact",
            "eic": true,
            "sources": [
                {
                    "url": "https://eifo.dk/en/knowledge-hub/eifo-invests-in-leading-quantum-chip-company",
                    "publisher": "EIFO",
                    "kind": "investor",
                    "retrieved": "2026-10-23",
                    "locator": "Paragraph beginning \"The investment round was led by PensionDanmark\" and the paragraph before it"
                }
            ],
            "registry": []
        },
        "first_private": {
            "id": "sparrow-2025-04-series-a",
            "date": "2025-04-10",
            "type": "series_a",
            "status": "closed",
            "amount": 21500000,
            "currency": "EUR",
            "amount_text": "21.5 million Euro",
            "qualifier": "exact",
            "eic": true,
            "sources": [
                {
                    "url": "https://eifo.dk/en/knowledge-hub/eifo-invests-in-leading-quantum-chip-company",
                    "publisher": "EIFO",
                    "kind": "investor",
                    "retrieved": "2026-10-23",
                    "locator": "Paragraph beginning \"The investment round was led by PensionDanmark\" and the paragraph before it"
                }
            ],
            "registry": []
        },
        "registry": [],
        "rounds": 1,
        "stages": {
            "grant": true,
            "eic_early": false,
            "eic_accelerator": true,
            "private_round": true
        },
        "months": 36,
        "order": "grant_first",
        "median_eligible": true
    },
    "gaps": [
        "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."
    ]
}