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Pasqal, the French quantum computing scale-up, secures €309 million in cash after its Nasdaq listing, poised to accelerate its technology deployment and manufacturing capacity.

RECENTLY ACQUIREDAug 28, 2026•about 5 hours ago

Amount Raised

€309 Million

Round Type

Venture - Series Unknown

Paris

Description

Pasqal has completed its business combination with Bleichroeder Acquisition Corp. II, leading to its debut on Nasdaq. The company is left with approximately €309 million in cash, which will be used to enhance the deployment of quantum technology and expand manufacturing capacity. This marks a significant milestone for Pasqal as it transitions from a venture-backed company to a publicly traded entity

Company Information

Company

Pasqal

Location

Paris, Ile De France, France

About

What makes Pasqal, which was founded in early 2019, stand out in an increasingly crowded field of quantum computing startups is that the company is betting on neutral atoms quantum computing. As Pasqal co-founder and CEO Georges-Olivier Reymond told me, the company has already demonstrated that it can control more than 300 atoms at a time. And while there are startups that focus on building quantum control hardware, none of them are optimized for neutral atoms, he noted, so the company decided to build its own system. The company is currently working with the likes of Crédit Agricole CIB, BASF, BMW, Siemens, Airbus, Johnson & Johnson and Thales to help them understand where its technology can solve their business needs.

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