From left: Javier Santiso, Siraj Khaliq, Robert Trezona, Yann de Vries and Pierre Festal. Image: Kembara
Mundi Ventures’ EU-backed Kembara fund has made its first major investment by co-leading a $160m round with DCVC in the UK’s Quantum Motion.
The UK-based Quantum Motion specialises in silicon transistor-based quantum computing, and said it will use the Series C investment “to commercialise its scalable and energy-efficient approach to quantum computing” and to help deliver “utility-scale and commercially viable quantum computers that fit inside existing standard data centres and racks”.
Since its last funding round in 2023, the company has expanded internationally, with new offices and labs in Spain and Australia, and has deepened its manufacturing partnership with GlobalFoundries as part of its bid to tie directly into commercial semiconductor supply chains, it said.
“Quantum computing will only achieve its full potential if it can be built on a platform that scales, and we believe silicon is the strongest route to achieving that,” said Dr James Palles-Dimmock, CEO of Quantum Motion. “We are pleased to be joined by investors who share our vision and understand what it takes to build a foundational company in this field.”
