About Nu Quantum
Nu Quantum is a Technology company based in Cambridge (United Kingdom) founded in 2018 by Matthew Applegate. It operates as a quantum cryptography systems are developed using single-photon technology. Nu Quantum has raised $72.08 million across 4 funding rounds from investors including British Business Bank, Seraphim and Cambridge Enterprise. The company has 15 employees. Nu Quantum offers products and services including Entanglement Fabric, QPU, and QNU. Its focus areas include High Tech, Quantum Computing, Applications and Cyber Security. Its legal entity is NU QUANTUM LTD. Its competitors include QNu Labs, QuintessenceLabs, ID Quantique, Aegiq and PQShield and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Nu Quantum was founded in 2018 in Cambridge, United Kingdom, within the quantum technology sector. Modular hardware based on single-photon source arrays is created for quantum cybersecurity applications. Secure encryption keys are generated through a quantum random number generator. Quantum-secure communication is enabled by quantum key distribution systems, supporting operations in cyber protection and secure data exchange.
- Headquarters Cambridge, United Kingdom
- Employees 15
- Founders Matthew Applegate
- SectorsTechnology
- Email••••••••
- Website nu-quantum.com
- Social LinkedIn X
- Legal Name Nu Quantum Ltd
- Date of Incorporation 14 Sep, 2018
- Jurisdiction CAMBRIDGE, ENGLAND
- Total Equity Funding$72.08M (USD)
in 4 rounds
- Latest Funding Round$60M (USD), Series A
Dec 2025
- InvestorsBritish Business Bank
& 14 more
- Employee Count15
Products & Services of Nu Quantum
Nu Quantum offers a comprehensive portfolio of products and services, including Entanglement Fabric, QPU, and QNU.
Architecture for scaling quantum processors through networked entanglement.
Units interfacing qubits for distributed quantum computing applications.
Unit enabling qubit networking in quantum computing systems.
Funding Insights of Nu Quantum
Nu Quantum has successfully raised a total of $72.08M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $60 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $72.08M
- Total Rounds 4
- Last Round Series A — $60M
- First Round $830,924
(Sep 2019)
- Investors Count 15
All 4 funding rounds of Nu Quantum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2025 | $60M | Series A | – | National Grid Partners | |
| Nov 2023 | $8.53M | Seed | – | Amadeus Capital, Expeditions Fund | |
| Oct 2020 | $2.71M | Seed | – | Amadeus Capital | |
| Sep 2019 | $830,924 | Seed | – | Amadeus Capital |
15 investors in total: 15 institutional.
Investors in Nu Quantum
Nu Quantum has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include British Business Bank, Seraphim and Cambridge Enterprise.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage deep technology investments are made by Amadeus Capital. | – | amadeuscapital.com | London, United Kingdom | |
Investments are made in European deep tech security startups. | – | expeditionsfund.com | Warsaw, Poland | |
Deep tech venture capital firm investing in European and global startups. | – | iqcapital.vc | - | |
Venture capital is provided to multiple sectors by Presidio Ventures. | – | presidio-ventures.com | Santa Clara, United States | |
Private debt fund and fund of funds focused on startups | 2014 | british-business-bank.co.uk | Sheffield, United Kingdom | |
- | – | dtl.vc | - | |
Investment in deep technology and science is facilitated. | 2017 | ahreninnovationcapital.com | - | |
Early-stage space-tech startups are invested in by Seraphim. | 2006 | seraphim.vc | London, United Kingdom | |
Venture capital funds focused on life sciences and tech startups | 2011 | martletcap.com | Cambridge, United Kingdom | |
Venture capital investments are directed toward technology companies. | – | ngpartners.com | - |
Investor details for Nu Quantum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of Nu Quantum
22 people are tracked at Nu Quantum (8 in leadership, 2 in board & advisors, 12 in team); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
Matthew Applegate | Co-Founder & CTO | Leadership |
Sam Funnell | VP, IP, Legal & Operations | Leadership |
Claire Le Gall | VP, Quantum Management Team | Leadership |
Carmen Palacios-Berraquero | Co-Founder & CEO | Leadership |
Jonathan Lees | Finance Director | Leadership |
Ed Wood | VP Product | Leadership |
Jonathan C. | Chief Financial Officer | Leadership |
Amii Shepperson | Head Of HR | Leadership |
Anne Glover | Board Member | Board & advisors |
Hemant Mardia | Chairman | Board & advisors |
Huili Hou | Quantum Optics Device Engineer | Team |
Harry Bostock | Photonics Engineer | Team |
Megan Chapman | HR Generalist | Team |
Nicolas Sanchez | Marketing Manager | Team |
Isabel Dowbiggin | Programme Manager | Team |
Yuri Andersson | CBO | Team |
Simone Eizagirre Barker | Product Manager | Team |
Alberto Santamato | Senior Photonics Engineer | Team |
Ben Walker-Pearl | Senior Optics Engineer | Team |
Laiyi Weng | Engineer | Team |
2 more people are available in the full profile.
Complete people profiles for Nu Quantum
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Nu Quantum
3 dated milestones of Nu Quantum across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Nu Quantum is founded.
- Funding First funding round of $831K.
- Funding Latest funding round, Series A, of $60.0M.
Competitors of Nu Quantum
Nu Quantum has 9 listed competitors in our database, 9 of them funded. They include QNu Labs, QuintessenceLabs, ID Quantique, Aegiq and PQShield, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| qnulabs.com | 2016 | Bengaluru, India | $22.25M | 101 | Cloud-based quantum cryptography solutions for secure communication are developed. | |
| quintessencelabs.com | 2008 | Canberra, Australia | $52.66M | – | Quantum encryption-based data security solutions are provided. | |
| idquantique.com | 2001 | Geneva, Switzerland | $10.83M | – | Network and data encryption solutions are provided using quantum technology. | |
| aegiq.com | 2019 | Sheffield, United Kingdom | $2.96M | 5 | Quantum photonics hardware is developed for secure communications. | |
| pqshield.com | 2018 | Oxford, United Kingdom | $65.33M | 8 | Post-quantum cryptography solutions for secure communications are provided. | |
| qusecure.com | 2019 | San Mateo, United States | $28M | – | Provider of quantum security management solutions | |
| cryptoquantique.com | 2016 | London, United Kingdom | $8M | 29 | Quantum-resistant cybersecurity solutions are developed for IoT and semiconductors. | |
| quside.com | 2011 | Castelldefels, Spain | $10.91M | – | Quantum components for secure connected devices are designed and manufactured. | |
| atakama.com | 2014 | New York, United States | $3M | – | Data encryption solutions are provided for secure file protection. |
Detailed competitors of Nu Quantum
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Nu Quantum
The website of Nu Quantum (nu-quantum.com) receives about 7.3K visits a month.
- Monthly visits7.3K
▼ 8.9% vs previous month
Top companies in Neuromorphic & Quantum Computing
10 companies that operate in the same segment as Nu Quantum (Neuromorphic & Quantum Computing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Full-stack quantum computing solutions using superconducting qubits are developed. | 2013 | Berkeley, California, United States | USD 195.62 M | USD 7.09 M | 140 | |
Photon-based universal quantum computers are developed for error correction. | 2015 | Palo Alto, California, United States | USD 2.32 B | USD 1.04 M | 672 | |
Universal quantum computers using trapped-ion technology are provided via cloud. | 2015 | College Park, Maryland, United States | USD 86 M | USD 43.07 M | 407 | |
Cloud-based quantum cryptography solutions for secure communication are developed. | 2016 | Bengaluru, Karnataka, India | USD 43.65 M | USD 102.62 K | 58 | |
Integrated universal quantum computers and software are developed. | 1999 | Burnaby, British Columbia, Canada | USD 210.36 M | USD 8.83 M | 220 | |
Universal quantum computers are developed using optically trapped neutral atoms. | 2018 | Berkeley, California, United States | USD 201.2 M | – | – | |
System-on-chips for quantum computing applications are provided. | 2019 | Elmsford, New York, United States | USD 64.26 M | – | 13 | |
Superconducting quantum computers are developed with advanced processors and operations. | 2018 | Espoo, Uusimaa, Finland | USD 600 M | USD 35.42 M | 464 | |
Application-oriented research is conducted in bioeconomy, AI, and climate technologies. | 1949 | Darmstadt, Hesse, Germany | USD 23.27 M | – | – | |
Quantum computers are provided using superconducting qubits and trapped ions. | 2019 | Harrogate, United Kingdom | USD 38.76 M | – | 13 |
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Frequently Asked Questions about Nu Quantum
Nu Quantum was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Nu Quantum is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Nu Quantum is a funded company, having raised a total of $72.08M across 4 funding rounds to date. The company's 1st funding round was a Seed of $830.92K, raised on Sep 2019.
Nu Quantum has 15 employees.
Nu Quantum was founded in 2018 in Cambridge, United Kingdom, within the quantum technology sector. Modular hardware based on single-photon source arrays is created for quantum cybersecurity applications. Secure encryption keys are generated through a quantum random number generator. Quantum-secure communication is enabled by quantum key distribution systems, supporting operations in cyber protection and secure data exchange.
Nu Quantum's top competitors include QNu Labs, QuintessenceLabs and ID Quantique.
Nu Quantum offers Entanglement Fabric, QPU, and QNU.
Nu Quantum has 15 investors. Key investors include British Business Bank, Seraphim, Cambridge Enterprise, Martlet Capital, and Amadeus Capital Partners.
Nu Quantum operates through Nu Quantum Ltd.