eleQtron: Funding, Investors & Team (Sep 2026)
eleQtron creates and runs quantum computers via magnetic gradient induced coupling, trapped ions, and RF control (MAGIC) We'll optimize our intermediate-scale quantum processors for upcoming industrially significant quantum applications. We'll also put novel ideas for scalable quantum processors based on RF-controlled trapped ions into practice. EleQtron will run the MAGIC quantum computers and provide performance via a subscription-based business model.
eleQtron has raised $116M across 2 funding rounds on record, the most recent a Series A of $66.6M announced in May 2026.
That round is above the $7.5M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
eleQtron Company Profile and Key Stats
Latest funding round on record: May 2026.
eleQtron Funding Rounds
eleQtron raised $49.4M in a Seed announced in Nov 2022.
3.5 years later, a Series A of $66.6M was announced in May 2026.
eleQtron Founders and Leadership Team
Contact details for the eleQtron team: 1 of 2 have an email address on file, 1 has a LinkedIn profile.
Start 14-day free trial →eleQtron Funding Compared to Other Consumer Electronics Startups
eleQtron's latest round of $66.6M is above the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like eleQtron in Consumer Electronics and Siegen
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eleQtron Funding FAQs
What does eleQtron do?
eleQtron creates and runs quantum computers via magnetic gradient induced coupling, trapped ions, and RF control (MAGIC) We'll optimize our intermediate-scale quantum processors for upcoming industrially significant quantum applications. We'll also put novel ideas for scalable quantum processors based on RF-controlled trapped ions into practice. EleQtron will run the MAGIC quantum computers and provide performance via a subscription-based business model.
How much funding has eleQtron raised?
eleQtron has raised $116M across 2 rounds on record. The most recent is a Series A of $66.6M announced in May 2026.
When did eleQtron last raise funding?
eleQtron's most recent funding round on record is a Series A of $66.6M, announced in May 2026.
Who founded eleQtron?
FundedIQ lists Jan Henrik (Founder), Rainer Baumgart (Founder) at eleQtron.
Where is eleQtron headquartered?
eleQtron is based in Siegen, Nordrhein-Westfalen, Germany.
How many employees does eleQtron have?
eleQtron is in the 11-50 employee band.
How does eleQtron's funding compare to other Consumer Electronics startups?
eleQtron's latest round of $66.6M is above the $7.5M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's eleQtron Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for eleQtron is left off this page rather than filled in.
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