2026-05-11
Algorithmiq raises €18M Series B
Milan-based Algorithmiq raised €18M in a Series B led by United Ventures.
Round at a Glance
| Company | Algorithmiq |
| HQ | Milan, Italy |
| Amount | €18M ($21M) |
| Round | Series B |
| Date | 2026-05-11 |
| Valuation | Not disclosed |
| Total Disclosed Funding | €36M |
Company Snapshot
Algorithmiq is an Italy-based quantum software company. According to the company's public materials, the product helps researchers and enterprise users with quantum algorithms designed to run on existing quantum hardware, with applications targeted at scientific and industrial workloads. Alongside the round, the company announced the relocation of its global headquarters from Helsinki to Milan.
Investors in This Round
| Investor | Investor HQ Country | Notes |
|---|---|---|
| United Ventures | Italy | Lead |
| CDP Venture Capital | Italy | Co-lead |
| Inventure VC | Finland | Returning investor |
Known Cap Table
| Investor | Round(s) | Investor HQ Country |
|---|---|---|
| United Ventures | Series B | Italy |
| CDP Venture Capital | Series B | Italy |
| Inventure VC | Series B | Finland |
Total disclosed funding: €36M.