# Qilimanjaro closes €19.6 million first tranche of Series A

_Published Wednesday, October 14, 2026 at 5:34 AM EDT · Capital · Latest · Tier 2 — Notable_

![Qilimanjaro closes €19.6 million first tranche of Series A — Primary](https://www.eu-startups.com/wp-content/uploads/2026/10/Qilimanjaro-Quantum-Tech.jpg)

Qilimanjaro Quantum Tech announced a €19.6 million first close of its Series A to expand quantum computer manufacturing and deployment. Indra Group invested €10 million through its IndraMind initiative, while Spain's public technology investment entity SETT contributed a further €9.6 million.

The Barcelona company develops chips, software and algorithms and integrates cooling and control electronics into complete quantum systems. It has deployed eight systems and offers remote access through its SpeQtrum Cloud platform.

The capital will also support next-generation chip development. Qilimanjaro expects to complete the funding round in the fourth quarter of 2026 with participation from Avançsa and other existing investors.

## Sources

- [EU-Startups](https://www.eu-startups.com/2026/10/barcelonas-full-stack-quantum-computing-company-qilimanjaro-quantum-tech-completes-e19-6-million-first-close-of-its-series-a/)

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Canonical: https://techandbusiness.org/newswire/QILZsb0wEZ8GCgvoNu8rIs
Published: 2026-10-14T09:34:48.342Z
Story chronology: 2026-10-14T08:31:05.000Z
Retrieved: 2026-10-14T11:36:40.400Z
Publisher: Tech & Business (techandbusiness.org)