EUACCDaily Pulse #02 · 15 Jun 2026
Europe's quantum capital wave: OQC lands a record £260m and the EIC co-writes Quobly's €115m. Public money is moving up the cap table.
💶FUNDING
Quantum's record fortnight
OQC (Oxford Quantum Circuits) has closed an oversubscribed £260 million (~$350M) Series C led by Bullhound Capital, with the British Business Bank among the backers. It is the largest private quantum funding round in European history.
Days earlier, France's Quobly raised a €115 million Series A to industrialise its silicon-based qubits, backed by Bpifrance, STMicroelectronics, SEALSQ and the European Innovation Council. In a single fortnight Europe matched its entire prior-year count of €100M-plus quantum rounds.
🎯WHY IT MATTERS
Public capital moves up the cap table
The story is not only the size, it is who is signing the cheques. The EIC, Bpifrance and the British Business Bank are now co-investing in growth-stage deep tech, not just handing out early grants.
For founders that reframes the public stack: EU and national institutions can anchor a Series A or C and crowd in private capital. If you are raising in quantum, semiconductors or energy, design the public co-investor into the round from the start, not as a last-resort top-up.
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