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Qilimanjaro announces €20 million first close of its Series A

What happened

On October 16, 2026, Spanish deep-tech startup Qilimanjaro Quantum Tech announced the first close of its Series A funding round, amounting to approximately €20 million (actual EUR 19.6 million), led by Indra Group via IndraMind with a EUR 10 million investment, and the Spanish Society for Technological Transformation (SETT) renewing its commitment with a EUR 9.6 million investment. The company said the new capital will enable it to scale and industrialize its quantum computers, advance the development of new generations of chips, and increase its manufacturing and deployment capacity, and expects to complete the round in the final quarter of 2026 with the participation of Avançsa and other existing investors.

Impact and signal

Medium impactImpact score: 60/100

Affected components and suppliers

Qilimanjaro Quantum Tech

fundingSeries Aquantum computingIndra GroupSETT

Source and time

Source: Evertiq · 10/15/2026 · View original source

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Qilimanjaro announces €20 million first close of its Series A

What happened

Impact and signal

Affected components and suppliers

Source and time

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