National Grid Partners led a $60m Series A round in Nu Quantum.

National Grid Partners, a corporate venture capital and innovation arm of National Grid, led a $60m Series A round in Nu Quantum, a UK-based company focused on distributed quantum computing, with a participation from Gresham House Ventures, Morpheus Ventures, Amadeus Capital Partners, IQ Capital, Ahren Capital, Cambridge Enterprise Ventures, East Innovate, NSSIF and Presidio Ventures. The funding will accelerate Nu Quantum’s mission to reach fault tolerance by interconnecting quantum processors into a more powerful distributed quantum computer, unlocking the projected $1t quantum computing market.