- Companies
- Nord Quantique
Nord Quantique Valuation, Funding & Investors
Nord Quantique is valued at $1.4B as of May 2026.
Last Nord Quantique valuation
$1.4B
Undisclosed stage · May 2026
Last Nord Quantique funding round
$30M
Undisclosed stage · May 2026
Cumulative funding Nord Quantique raised
$38M
across 3 funding rounds
Key investors in Nord Quantique
BDC Capital
Real Ventures
Quantonation
Panache Ventures
Presidio Ventures
Sustainable Development Technology Canada
About Nord Quantique
Nord Quantique is a Sherbrooke-based quantum computing company developing second-generation processors using bosonic codes for error correction. The firm targets fault-tolerant systems for applications in cryptography, optimization, and simulation. Its technology integrates superconducting circuits and photonic interfaces, with prototypes tested in Canadian research labs.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.4B (May 2026)
Nord Quantique Valuation
Nord Quantique is currently valued at $1.4B, based on its undisclosed-stage round in May 2026.
The $30M round included Quantacet, Panache Ventures, Quantonation, Real Ventures, BDC Capital and 2 other investors.
Nord Quantique valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2026 | Undisclosed stage | $1.4B |
Nord Quantique Funding History
Nord Quantique has raised a total of $38M across 3 funding rounds.
Nord Quantique's first fundraising round was a $100K seed round in December 2020. The most recent completed round was a $30M undisclosed-stage round in May 2026.
Nord Quantique funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Undisclosed stage | Quantacet; Panache Ventures; Quantonation; Real Ventures; BDC Capital; Presidio Ventures; Fidelity Canada | $30M | $1.4B | Nord Quantique raised US$30 million in May 2026 at a reported US$1.4 billion valuation. The round was associated with Fidelity, and the company’s financing was described as equity capital for its next phase of development. No cash/stock or earn-out structure was indicated. The funding follows Nord Quantique’s earlier seed financing and supports the company’s push toward fault-tolerant quantum computing. The company is building superconducting-circuit quantum technology and has stated a target of developing fault-tolerant quantum computers by 2030. The raise comes amid continued investor interest in deep-tech quantum computing platforms and appears aimed at scaling the company’s technical roadmap and commercialization timeline. Nord Quantique is a Sherbrooke, Québec-based quantum computing startup that emerged from stealth in 2022 with CAD $9.5 million in seed funding co-led by BDC Capital’s Deep Tech Venture Fund and Quantonation, with participation from Real Ventures. The company develops technology using superconducting qubits and had previously received CAD $100,000 from Sustainable Development Technology Canada. Its total funding before the 2026 round was described as roughly CAD $11 million, and the company has focused its capital on advancing bosonic qubit technology in superconducting circuits. |
| Feb 2022 | Seed | BDC Capital (lead); Quantonation (lead); ACET Capital; Real Ventures | $8M | - | Nord Quantique is a Sherbrooke, Quebec-based quantum computing hardware company founded in 2020 by physicists Philippe St-Jean and Julien Camirand Lemyre as a spinoff from the Institut Quantique. The company develops superconducting quantum processors using bosonic codes to reduce error rates on individual qubits, addressing one of the major challenges in commercial quantum computing. In February 2022, Nord Quantique closed a CAD $9.5 million seed round co-led by BDC Capital's Deep Tech Venture Fund and Paris-based Quantonation VC, with participation from existing investor Real Ventures. This capital brought the company's total funding to approximately CAD $11 million, including prior support from Sustainable Development Technology Canada. The funding was earmarked for advancing the company's bosonic qubit technology in superconducting circuits and scaling fault-tolerant quantum computing solutions. |
| Dec 2020 | Seed | Sustainable Development Technology Canada (lead) | $100K | - | - |
Who has invested in Nord Quantique?
9 investors have backed Nord Quantique across its funding rounds, including BDC Capital, Real Ventures, Quantonation, Panache Ventures, Presidio Ventures and Sustainable Development Technology Canada.
Lead investors include BDC Capital, Quantonation and Sustainable Development Technology Canada.
Nord Quantique Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2022 | ||
| 2 | Participant | Feb 2022 | ||
| 2 | Lead | Feb 2022 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Dec 2020 | ||
This data is available for Pro users. Sign up to see all 9 Nord Quantique investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNord Quantique Competitors
Nord Quantique competitors include listed companies like D-Wave Quantum and Pasqal, and private ones like IQM Quantum Computers, QuEra Computing, SeeQC and Photonic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $35M | - | $1B | 28.6x | ||
| Private | $41M | - | $1B | 24.4x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $25M | ($373M) | $6.7B | 166.4x | ||
| Publicly listed | $19M | ($92M) | $1.7B | - |
Nord Quantique Public Comps
Nord Quantique is still privately-owned, but its public comps include Boost Run, POET Technologies, Pasqal, IQM Quantum Computers, Silex Microsystem, SharonAI, Whitefiber, Northern Data, Xanadu and Fixstars.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $27M | ($4M) | 58.1x | 11.8x | (419.7x) | 25.1x | |||
| $1M | ($60M) | 475.5x | 106.5x | (8.6x) | - | |||
| $19M | ($92M) | 91.5x | - | (18.9x) | - | |||
| $36M | ($48M) | 46.9x | - | (35.2x) | - | |||
| $141M | $49M | 12.3x | - | 35.5x | - | |||
| $2M | ($36M) | 752.3x | 13.7x | (32.7x) | 46.2x | |||
| $79M | ($2M) | 12.1x | 7.9x | (412.2x) | 25.8x | |||
| $92M | ($36M) | 15.4x | - | (39.8x) | - | |||
This data is available for Pro users. Sign up to see all Nord Quantique competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Nord Quantique
| When was Nord Quantique founded? | Nord Quantique was founded in 2020. |
| Where is Nord Quantique headquartered? | Nord Quantique is headquartered in Sherbrooke, Canada. |
| Is Nord Quantique publicly listed? | No, Nord Quantique is a private, VC-backed company. |
| What is Nord Quantique's valuation? | Nord Quantique was last valued at $1.4B in its undisclosed-stage round in May 2026. |
| How much funding has Nord Quantique raised? | Nord Quantique has raised $38M across 3 funding rounds. |
| What was Nord Quantique's last funding round? | Nord Quantique's last funding round was a $30M undisclosed-stage round in May 2026. |
| Who are Nord Quantique's investors? | Nord Quantique's investors include Quantonation, Real Ventures, BDC Capital, Quantacet, Panache Ventures, ACET Capital, Sustainable Development Technology Canada, Presidio Ventures and Fidelity Canada. |
| Which companies are comparable to Nord Quantique? | Companies comparable to Nord Quantique include IQM Quantum Computers, QuEra Computing, SeeQC, Photonic, D-Wave Quantum and Pasqal. |
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