by kiutra GmbH Communications
kiutra, a provider of magnetic cooling for quantum technologies, has raised €13 million in a new equity round to accelerate its global scale-up and deliver helium-3-free cooling systems that strengthen quantum supply chain resilience. The round was co-led by NovaCapital of Italy and 55 North of Denmark, with participation from High-Tech Gründerfonds in Germany and other existing investors. With this financing, kiutra has secured more than €30 million in private and public funding, demonstrating strong confidence in its mission to build sustainable cryogenic infrastructure for the quantum era.
As Europe and its partners rapidly expand their quantum technology ecosystems, reliable and sustainable cryogenic infrastructure has emerged as a major bottleneck. Quantum computers and other cold quantum technologies depend on ultralow temperature operation, making them vulnerable to shortages of helium-3 — a rare and geopolitically sensitive resource. Initiatives such as the NATO Transatlantic Quantum Community and Quantum Delta NL have identified this dependence as a critical supply chain risk.
kiutra’s proprietary magnetic cooling technology directly addresses this challenge. Instead of relying on helium-3, the company’s systems use solid-state materials that are magnetized and demagnetized in a controlled process to reach ultralow temperatures. The technology enables safe, scalable refrigeration for quantum applications and is already deployed worldwide, supporting leading research institutions, quantum startups, and corporate partners. The systems provide the fastest and most user-friendly cooling solutions on the market, giving customers a clear advantage in development speed and reliability.
Dr. Alexander Regnat, CEO and co-founder of kiutra, said the investment will help expand the company’s international footprint and further advance its portfolio of scalable cooling solutions. “These systems are vital for the rapidly growing quantum ecosystem,” he said, “and essential for enabling practical deployment of quantum technologies.”
Building on its global success, kiutra is now expanding its portfolio with modular and powerful platforms designed for complex quantum chips and full-stack quantum computers. The company’s technology lays the groundwork for a resilient quantum supply chain and ensures that quantum systems can be deployed without dependence on critical materials. Dr. Michael Jobst, investor at 55 North, the world’s largest dedicated quantum fund based in Copenhagen, said kiutra is well positioned to provide one of the most essential enablers in quantum computing: reliable, scalable, and affordable access to cooling power. He noted that kiutra’s product suite stands apart from conventional systems and emphasized that 55 North is proud to support the team’s scaling journey.
Carlo Germano Ravina, managing director at NovaCapital, the Italian investment firm owned by Merloni Holding, said the fund backs bold engineering that shapes the future. “kiutra’s magnetic cooling technology is not only foundational for quantum technology,” he said, “but also exemplifies the kind of deep tech leadership Europe needs. We’re proud to support their global scale-up.” NovaCapital invests in innovative B2B companies across Europe and the United States, focusing on deep tech, energy transition, new materials, circular economy, industrial automation, and B2B SaaS.
Christian Ziach, principal at High-Tech Gründerfonds (HTGF), one of Europe’s most active early-stage investors, said kiutra’s new financing round highlights the strategic importance of cryogen-free cooling for scaling quantum technologies. He noted that the company addresses a rapidly growing global market with solutions that are technologically advanced and crucial for enabling real-world quantum applications. HTGF, which has invested in more than 790 startups and manages over €2 billion in funds, continues to support companies that strengthen Europe’s technological sovereignty.
In 2024, kiutra secured a €4 million grant from the European Innovation Council to advance the development of its cryogen-free cooling technology. With the new private capital, the company is set to accelerate industrial scaling and commercialization. By making cryogenics simpler, safer, and more accessible, kiutra is helping democratize access to ultralow temperature technology and enabling its adoption at industrial scale.
This financing marks a major milestone in kiutra’s evolution from an R&D-driven startup to a global industrial player. Its breakthrough approach not only supports Europe’s technological independence but also strengthens the resilience of allied quantum supply chains. By removing one of the most critical bottlenecks in the field, kiutra is ensuring that the quantum technologies of tomorrow can move from laboratory innovation to industrial reality.
http://www.kiutra.com
