Tech Company Financing Transactions
QuNorth Funding Round
EIFO and Novo Nordisk joined a $94 million venture round for QuNorth. The round was announced on 7/17/2025.
Transaction Overview
Company Name
Announced On
7/17/2025
Transaction Type
Venture Equity
Amount
$94,000,000
Round
Undisclosed
Investors
EIFO (Peder Lundquist)
Novo Nordisk (Mads Thomsen)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Tuborg Havnevej 19
Hellerup, 2900
Denmark
Hellerup, 2900
Denmark
Phone
Undisclosed
Website
Email Address
Overview
The main purpose of QuNorth is to ensure stable and cost-effective access to critical technology for Nordic researchers and companies. None of the Nordic countries currently have the latest generation of quantum computers, known as "level 2", at their disposal. The establishment of QuNorth and the purchase of the quantum computer Magne will change this by physically establishing a quantum computer in Denmark.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 7/17/2025: Empirical Security venture capital transaction
Next: 7/17/2025: Occupi venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC transactions reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs