The round was led by multi-stage investment firm B Capital's Ascent Fund, with participation from V Capital, Calibrate Ventures, Alumni Ventures, Unbound Ventures, and Red Cedar Ventures. B Capital Chair Dr. Howard Morgan and Senior Principal Morgan Polotan are joining the board.

EeroQ was founded in 2017 to build a large scale QC using electrons on helium (eHe). This type of QC was conceived as an idea design in the late 1990s, but was not feasible to build at the time due to technical limitations. Now, EeroQ has the team and tools in place to bring eHe to the forefront of the QC race, and help create early ethical and policy guidelines to maximize the positive impact of QC. EeroQ's co-founders are Prof. Johannes Pollanen, Nick Farina, Faye Wattleton, David Ferguson, and Dr. David Rees. EeroQ's core technology is patented and developed in partnership with Michigan State University.