Total amount raised
$219M
Latest funding date
2025-06-12
Location
Multiverse Computing has raised funds over multiple rounds, backed by investors including Bullhound Capital, HP Tech Ventures, SETT, and Columbus Venture Partners, among others.
Keep reading to explore Multiverse Computing's full fundraising journey, from its early pre-seed to its landmark Series B.
Multiverse Computing has raised funds over multiple rounds, backed by investors including Bullhound Capital, HP Tech Ventures, SETT, and Columbus Venture Partners, among others.
Keep reading to explore Multiverse Computing's full fundraising journey, from its early pre-seed to its landmark Series B.
What Is Multiverse Computing?
Multiverse Computing, founded in 2019 and headquartered in Donostia-San Sebastián, Spain, is a quantum AI software company that applies quantum and quantum-inspired technology to revolutionize AI and optimization solutions. Its two flagship products are CompactifAI — which compresses large language models by up to 95% using quantum-inspired tensor networks — and Singularity, a quantum software platform. The company serves clients in finance, energy, manufacturing, defense, cybersecurity, life sciences, and chemistry, and counts Iberdrola, Bosch, and the Bank of Canada among its customers.
How Much Funding Has Multiverse Computing Raised?
- Pre-Seed Round
- Amount Raised: EUR 1,500,000 (~$1.7M USD)
- Date: October 2020
- Lead Investors: Undisclosed (participants include Quantonation, Easo Ventures, Clave Capital, Mondragon Ventures)
- Source: Quantonation press release
- Seed Round (February 2021)
- Amount Raised: EUR 1,700,000 (~$1.9M USD)
- Date: February 2021
- Lead Investors: Mondragon Ventures
- Source: Dealroom
- Seed Round (October 2021)
- Amount Raised: EUR 10,000,000 (~$11.55M USD)
- Date: October 2021
- Lead Investors: JME Ventures
- Participants: Quantonation, EASO Ventures, Inveready, CLAVE Capital, Ikerlan, LKS, Penja Strategy, Seed Gipuzkoa, Ezten Venture Capital Fund
- Source: Multiverse Computing press release
- EIC Grant (October 2021)
- Amount Raised: EUR 2,500,000 (~$2.8M USD)
- Date: October 2021
- Lead Investors: European Innovation Council
- Source: Quantum Computing Report
- EIC Equity Investment (December 2021)
- Amount Raised: EUR 10,000,000 (~$11.3M USD)
- Date: December 2021
- Lead Investors: European Innovation Council (EIC Fund)
- Source: Business Wire
- Grant — Innovate UK (October 2023)
- Amount Raised: GBP 100,056 (~$120K USD)
- Date: October 2023
- Lead Investors: Innovate UK
- Source: The Quantum Insider
- Series A (March 2024)
- Amount Raised: EUR 25,000,000 (~$27M USD)
- Date: March 5, 2024
- Lead Investors: Columbus Venture Partners
- Participants: Quantonation, European Innovation Council Fund, Redstone QAI Quantum Fund, Indi Partners
- Source: Multiverse Computing press release
- Series A Extension (December 2024)
- Amount Raised: Undisclosed
- Date: November/December 2024
- Lead Investors: CDP Venture Capital
- Source: Multiverse Computing press release
- Co-Investment — Spanish Government via SETT (March 2025)
- Amount Raised: EUR 67,000,000 (~$72M USD)
- Date: March 5, 2025
- Lead Investors: SETT (Spanish Society for Technological Transformation)
- Source: EU Startups
- Series B (June 2025)
- Amount Raised: EUR 189,000,000 (~$215M USD)
- Date: June 12, 2025
- Lead Investors: Bullhound Capital
- Participants: HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Quantonation, Toshiba, Capital Riesgo de Euskadi – Grupo SPRI
- Source: Multiverse Computing press release
Total Amount Raised: At least $219M based on disclosed funding (Crunchbase reference: $219M). The company's official press release states it has raised c.$250M since its 2019 inception, inclusive of all grants, equity rounds, and co-investments.
Key Investors
- Bullhound Capital
- Details: A leading technology-focused investment bank and venture capital firm that led the Series B round in June 2025. Bullhound is known for backing high-growth European tech companies.
- SETT (Spanish Society for Technological Transformation)
- Details: The Spanish government vehicle that co-invested €67M in March 2025 and also participated in the Series B. Represents the Government of Spain's commitment to quantum AI and energy-efficient technology.
- HP Tech Ventures
- Details: The venture arm of HP Inc., participating in the Series B to advance quantum-inspired AI model compression for enterprise applications.
- Columbus Venture Partners
- Details: Led the oversubscribed Series A round of €25M in March 2024, helping Multiverse Computing scale its quantum-inspired software platform.
- European Innovation Council (EIC)
- Details: Provided €12.5M in combined grant (€2.5M) and equity (€10M) funding in 2021 and participated in the Series A as the EIC Fund. A key early institutional backer of the company.
- JME Ventures
- Details: Led the €10M Seed round in October 2021 as a Spanish venture capital firm focused on technology companies.
- Quantonation
- Details: A quantum-technology-focused VC that has participated across multiple rounds — from the pre-seed through the Series B — making it one of Multiverse Computing's most consistent backers.
- CDP Venture Capital
- Details: Italian public venture capital operator that invested as part of the Series A extension in late 2024 and again in the Series B, supporting Multiverse Computing's expansion into Italy.
What's Next for Multiverse Computing?
Multiverse Computing is positioned for significant growth, backed by a €67 million co-investment from the Spanish government, with future grants totaling over €200 million. Focus areas include AI model compression, new grants from ERDF funds, and AI integration in the health sector. Challenges include scalability, maintaining performance while reducing AI model sizes, and navigating the competitive AI/quantum computing landscape.
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