For four decades, quantum computing was all about theory. Now, it’s a business with significant investments. In 2025, venture capital (VC) funding for quantum computing reached $3.9 billion across 125 deals, the highest annual total ever recorded, according to a new PitchBook report.
The data also reveals that top investors are no longer specialist quantum VCs but rather large companies like BlackRock ($1.7 billion), Nvidia ($1.6 billion), and Baillie Gifford. The venture growth tier now captures 30.4% of the market, with companies like Quantinuum raising $838.9 million in a Series B round and PsiQuantum closing a $1 billion Series E.
The geopolitical aspect is significant, as China’s 15th Five-Year Plan has committed $17.5 billion to quantum globally, ranking it as its top future industry. The US, EU, and Japan are also responding, but at different speeds.
While some might see this as a “Sputnik moment,” Dimitri Zabelin from PitchBook says, “The Soviets launched Sputnik, but they still lost the race. The U.S. shouldn’t be as worried as Europe.” Most quantum companies have gone public via SPAC-style reverse mergers or traditional IPOs, and it’s years before delivering on big promises.
Key stats:
– $3.9 billion in VC investment for quantum computing
– 125 deals made in 2025
– Top investors include BlackRock, Nvidia, and Baillie Gifford
– Quantum companies have gone public via SPAC-style reverse mergers or traditional IPOs
Note: This article is a simplified version of the original content, focusing on key points and statistics.
Source: https://fortune.com/2026/06/29/blackrock-nvidia-temasek-betting-billions-quantum-computing