SpinQ Raised Two Rounds in One Quarter — European Quantum Has No Answer While China's quantum sector compounds at 30% annually and commercial hardware ships at $15,000 a unit, Europe's quantum ambitions remain trapped between pilot programmes and public funding cycles. Here is what the SpinQ story reveals — and what European founders and investors must do about it. ## What happened in China In July 2025, Shenzhen-based SpinQ Technology announced it had secured several hundred million RMB in Series B funding — roughly $14 million to more than $40 million at prevailing rates. Six months later, in January 2026, it closed a Series C round raising hundreds of millions of RMB again, co-led by Longli Technology, Jadex Capital, HTHS Capital, ADDOR Capital, Qingdao Hanrui, and Hainan Fengkaixiang, with existing investors Kuang Zhong and Xia Zuoquan participating with follow-on capital. Two major rounds. One quarter. Multiple institutional co-investors across…