8P advises quantum computing scale-up eleQtron on € 57 million Series A investment

Siegen — The Siegen-based deep-tech company eleQ­tron has raised 57 million euros in its Series A finan­cing round, which was led by Schwarz Digits. Other inves­tors include the EIC Fund of the Euro­pean Inno­va­tion Coun­cil, exis­ting inves­tor Early­bird as well as Ankaa Ventures, Preci­tec, NRW.BANK and IFB Inno­va­ti­ons­star­ter GmbH. — 8P advi­sed eleQ­tron compre­hen­si­vely on the finan­cial and tax aspects of this transaction. 

eleQ­tron was foun­ded in 2020 as a spin-off from the Univer­sity of Siegen. This finan­cing round clearly posi­ti­ons the company as one of the most ambi­tious Euro­pean provi­ders in the field of quan­tum compu­ting in inter­na­tio­nal compe­ti­tion. They deve­lop scalable quan­tum proces­sors based on ion trap tech­no­logy. A tech­no­lo­gi­cal breakth­rough is the company’s proprie­tary MAGIC tech­no­logy (Magne­tic Gradi­ent Indu­ced Coupling): It replaces complex laser systems with precise high-frequency control (micro­wa­ves), enab­ling the cons­truc­tion of more stable and indus­tri­ally scalable systems. eleQ­tron alre­ady has an order back­log of more than 50 million euros and coope­ra­tes with leading rese­arch centers such as the Jülich Rese­arch Center and DLR. 

The fresh capi­tal will be used to build scalable produc­tion capa­ci­ties, expand cloud-based access to quan­tum systems and further deve­lop the hard­ware plat­form. The aim of eleQ­tron is to tran­si­tion from a rese­­arch-driven tech­no­logy to an indus­tri­ally usable infra­struc­ture to solve complex problems in various sectors. 

8P supported the process with a multi­di­sci­pli­nary team and advi­sed Eleq­tron on both the finan­cial and tax aspects of the capi­tal round. www.8P.de

Advi­sor eleQ­tron: 8P

Finan­cial and tax team: Part­ner Matthias Künzel, photo (WP/StB), Part­ner Gunnar Stef­fens (StB), Matthias Pläs­ken (StB) and Julia Hübner (RA/StB). — www.8P.de

About 8P Part­ner­schaft mbB

8P Part­ner­schaft mbB, a multi­di­sci­pli­nary law firm for owner-mana­­ged SMEs in the areas of tax consul­ting, audi­ting and legal advice with head­quar­ters in Siegen, has been part of the BDO Deutsch­land Alli­ance since 2019.

BDO is the fifth largest audi­ting firm in Germany and world­wide; the only one with German-Euro­­pean roots — and it is still owner-mana­­ged. As part of an alli­ance model, BDO offers selec­ted medium-sized law firms profes­sio­nal coope­ra­tion that opens up access to natio­nal and inter­na­tio­nal resour­ces and experts, while at the same time guaran­te­e­ing the full legal and entre­pre­neu­rial inde­pen­dence of the regio­nal law firm.