EU Startup Fund Makes First Bet With $160 Million Round in UK’s Quantum Motion

A Quantum Motion system installed at the UK's National Quantum Computing Centre.Source: Quantum Motion

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By Mark Bergen and Clara Hernanz Lizarraga

May 7, 2026 at 7:00 AM UTC

Kembara, a technology growth fund backed by the European Union, made its first investment, supporting a British startup that builds quantum computers running on silicon chips.

Quantum Motion closed a $160 million Series C financing round led by Kembara and venture firm DCVC, with funds from the British Business Bank and Firgun Ventures, the startup said in a statement Thursday.