Startup · $157m raised
Quantum technology company that listed on the NYSE
Every investor coverage indicates participated in a round Infleqtion raised.
| Investor | Rounds | Invested |
|---|---|---|
| Breakthrough Victoria | Unnamed stage | $29,000,000 |
The transaction that ended Infleqtion's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 18 Feb 2026 | - | SmartCompany, Startup Daily, Breakthrough Victoria (30 Jun 2026), Breakthrough Victoria (14 May 2026), Breakthrough Victoria (14 May 2026), Breakthrough Victoria (19 Feb 2026), Breakthrough Victoria (18 Feb 2026) |
Companies Infleqtion acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Matthew Kinsella | CEO | Breakthrough Victoria (19 Feb 2026), Breakthrough Victoria (18 Feb 2026) |
| Dana Anderson | Chief Science Officer | Breakthrough Victoria |
| Professor Jim Rabeau | President (former) | Forbes Australia, Startup Daily |
Stories naming Infleqtion. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Victoria's opposition pledges to shut down Breakthrough Victoria and sell its investments, calling the state fund a failure. The piece recalls portfolio raises, a rescue deal, an NYSE listing and the LaunchVic merger.
Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.
La Trobe University opened its Eagleworks Innovation Centre, home to the $18m Eagle Fund co-funded with Breakthrough Victoria, part of the $100m University Innovation Platform.
Breakthrough Victoria collects press coverage of Infleqtion's New York listing via a SPAC merger, which multiplied the fund's investment in the quantum company fivefold.
Breakthrough Victoria's release marks Infleqtion's New York Stock Exchange listing, the investor's first portfolio listing, and notes further quantum backing of Quantum Brilliance plus Infleqtion's Victorian operations and partnerships.
Also Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Startup Daily·SmartCompany
Breakthrough Victoria highlights portfolio achievements including Amber Electric's forty-five million dollar raise, Bygen and Diag-Nose grants, and Quantum Brilliance series A funding.
Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·Dealroom
Breakthrough Victoria's CEO reviews its 2024/25 year: growing capital base, strong co-investment leverage, portfolio milestones including Amber's $10m raise, first fellows awarded, and projected economic impact ahead.
Breakthrough Victoria reflects on its 2022 investment in quantum company Infleqtion, part of a larger raise, detailing Victorian operations, university partnerships, workforce programs and a planned US listing via SPAC.
University of Sydney spinout DeteQt raised $750,000 pre-seed from Main Sequence Ventures and ATP Fund, appointed Rupal Ismin COO, and counts a $3 million defence contract as first revenue.
Also Forbes Australia·Startup Daily·Startup Daily·SmartCompany·Forbes Australia
Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.
Breakthrough Victoria reflects on its third annual report: over $350 million committed across 44 investments, including five follow-on investments worth over $35 million in the past financial year across five named portfolio companies.
Breakthrough Victoria's technology director writes on quantum trends from the Sydney conference, noting the firm's earlier investments in Infleqtion and Quantum Brilliance and Infleqtion Australia's launch under a new president.