Anglo-Finnish Oxford University quantum spinout QuantrolOx raises €12M

An Anglo-Finnish University of Oxford quantum spinout has raised €12m in a funding round, it said today, as investment in the quantum sector continues to heat up. The funding round in QuantrolOx was led by IW Capital, an early stage investor, with the European Innovation Council (EIC) Fund and Transpose Capital also investing. In essence, QuantrolOx, which is headquartered in Finland, builds software that helps quantum computers work efficiently.