55 North

In October 2024, 55 North announced the first close of its €300 million inaugural fund, having raised €134 million with backing from anchor investors Novo Holdings and EIFO (Export and Investment Fund of Denmark). Positioned as the world’s largest dedicated quantum technology fund, 55 North targets investments across quantum computing, sensing, and communications. The team is led by Managing Partner Dr. Owen Lozman (ex M Ventures), General Partners Dr. Helmut Katzgraber (ex Amazon, ex Microsoft), and Dr. Kai Hudek (ex IonQ), supported by European VC Vsquared Ventures and US-based Cambium Capital. The firm takes a stage-agnostic approach backing enabling technologies and full-stack solutions, with 75% supporting European companies (including 25% targeting Nordic firms) and 25% pursuing select worldwide opportunities. Initial investments include IQM’s €275 million Series B and co-leading Kiutra’s €13 million Series A-2, advancing Denmark’s National Strategy for Quantum Technology established in 2023.

Alea Quantum Technologies

Alea Quantum is a Danish startup founded in March 2022, developing optical quantum random number generators (QRNG) based on over 20 years of research at Technical University of Denmark’s quantum information group and bigQ research center. The company’s QRNG uses laser diodes and detectors to form random numbers through measurements of vacuum fluctuations of laser light, providing 100% genuine random numbers at 4 gigabytes per second, faster and more secure than mathematical algorithm-based systems. Alea’s technology measures 3 x 5 centimeters and has been tested by QTI (Quantum Telecommunication Italy) and Danske Bank for quantum-secured data transfer. The EU granted DKK 7 million under the Digital Europe programme for further development toward a chip-scale device integrating laser diode and detector on micrometer scale for mass market applications including mobile phones. DTU holds the patent for the technology. Alea Quantum serves cybersecurity and encryption technology vendors requiring ultra-secure random number generation.

Hafnium Labs

Hafnium Labs is a Copenhagen-based quantum chemistry software company founded in 2018 by Jon Christensen and Bjørn Maribo-Mogensen, developing breakthrough systems for combining state-of-the-art predictive methods including quantum chemistry and AI with experimental physical property data. The company develops two products: Q-props and Epsilon. Q-props automatically and transparently combines quantum chemistry, thermodynamics, and machine learning with experimental data, providing holistic physical property software for researchers and engineers across disciplines with the world’s most accurate physical property predictions. Epsilon is the world’s best electrolyte thermodynamics model. Hafnium Labs supports chemicals, energy, and pharma companies by solving one of chemistry’s biggest challenges: obtaining reliable physical property data fast. Q-props supports decision making from molecular discovery to process optimization.

Kvantify

Kvantify is a Danish quantum software company founded in 2022, developing quantum and high-performance computing solutions for businesses with a particular focus on drug discovery and pharmaceutical applications. The company creates software platforms that make quantum computing capabilities accessible to enterprises seeking to leverage quantum advantages for complex computational challenges in life sciences, molecular modeling, and optimization problems. Kvantify provides consulting services and develops custom quantum applications for pharmaceutical companies, biotech firms, and research institutions working on drug development, protein folding prediction, and chemical compound analysis. The company contributes to Denmark’s quantum technology ecosystem by advancing practical quantum software implementations for industrial applications and making quantum computing tools more accessible to businesses in the Nordic region.

MQS

Molecular Quantum Solutions (MQS) is a Copenhagen-based startup founded in 2019 by Mark Nicholas Jones, accelerating pharmaceutical and chemical industries by providing a quantum software platform for calculating thermodynamic properties of molecules. MQS raised €600,000 in pre-seed funding led by Scale Capital, with participation from Rockstart and Stokbro Invest in June 2023. The company’s platform, Cebule, focuses on drug formulation rather than drug discovery, addressing the stage where many drugs actually fail. The MQS Dashboard offers a visual interface to search through quantum chemistry data of over 200 million molecules, with the Cebule Compute Engine, JupyterLab, and Kubeflow integrated to leverage high-performance CPUs, GPUs, and QPUs. MQS converts their tool stack into a software-as-a-service solution for pharmaceutical and chemical industries, disrupting the drug formulation space with quantum chemistry simulation.

NKT Photonics

NKT Photonics is a Danish photonics company founded in 1999 that develops advanced photonic components and laser systems for quantum computing, quantum communication, and quantum sensing applications, providing specialized fiber lasers, photonic crystal fibers, and optical components that enable precise control and manipulation of quantum states in photonic quantum systems, serving quantum technology companies and research institutions with high-performance photonic infrastructure essential for quantum information processing and quantum optics experiments.

Novo Nordisk Quantum

Novo Nordisk explores quantum computing applications for pharmaceutical research and drug discovery, investigating quantum algorithms for molecular simulation, protein folding prediction, and drug optimization that could accelerate diabetes and obesity treatment development. The company researches quantum machine learning for analyzing clinical trial data, patient stratification, and personalized medicine approaches, exploring how quantum computing could enhance pharmaceutical research capabilities in endocrinology and metabolic diseases. Novo Nordisk collaborates with quantum computing companies and academic institutions to leverage quantum advantages in computational chemistry, biomarker discovery, and therapeutic development processes, contributing to the pharmaceutical industry’s adoption of quantum technologies for improving drug discovery timelines and therapeutic outcomes in diabetes care and chronic disease management.

QDevil

QDevil is a Danish quantum electronics company founded in 2016 that develops precision electronic instruments and components for quantum computing and quantum research, specializing in ultra-low noise electronics, quantum device characterization tools, and measurement equipment that enable researchers and quantum technology companies to control and measure quantum devices with high precision, providing essential electronic infrastructure for quantum laboratories and quantum computing development worldwide.

Company Information

• Founded: 2016
• Country: Denmark
• Website: https://qdevil.com
• Categories: infrastructure

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Quantum Foundry

Quantum Foundry develops quantum simulation software for physics research and materials discovery. The company provides quantum computing tools for simulating condensed matter systems, many-body quantum systems, and quantum materials. Quantum Foundry’s software enables physicists to study quantum phenomena that are computationally intractable with classical simulation. The platform supports research in superconductivity, topological materials, and quantum phase transitions. Based in Copenhagen, Quantum Foundry collaborates with Nordic universities and European physics research institutions. The company focuses on making quantum simulation accessible to experimental physicists and materials researchers. Quantum Foundry’s software integrates with existing physics simulation workflows and provides validated results against experimental data.

QuNorth

QuNorth was established with €80 million investment from the Export and Investment Fund of Denmark and the Novo Nordisk Foundation to procure, build and operate a quantum computer named Magne. The company aims to provide Nordic researchers and businesses with access to state-of-the-art quantum computing infrastructure. QuNorth represents Denmark’s national quantum computing initiative for advancing quantum technology research and commercialization.

Company Information

• Founded: 2024
• Country: Denmark
• Website: https://qunorth.dk
• Categories: quantum processors, quantum cloud

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Sparrow Quantum

Sparrow Quantum develops high-performance single-photon sources and quantum light generation systems essential for photonic quantum computing, quantum communication, and quantum sensing applications, providing reliable quantum light sources with high purity and efficiency for researchers and companies building photonic quantum technologies.

Company Information

• Founded: 2016
• Country: Denmark
• Website: https://sparrowquantum.com
• Categories: hardware

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Technical University of Denmark

Technical University of Denmark (DTU) is a public technical university founded in 1829, located in Kongens Lyngby, Denmark. DTU conducts quantum research advancing quantum photonics quantum communications and quantum technologies. The university Center for Silicon Photonics advances integrated quantum photonics development. DTU researchers contribute to quantum hardware quantum networks and quantum applications. The university collaborates with Danish and European quantum companies advancing quantum technology commercialization. DTU serves quantum research community through quantum research quantum education and technology transfer supporting Danish quantum technology ecosystem and Nordic quantum innovation.