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# Algorithmiq raises EUR18 million and moves headquarters from Helsinki to Milan
- URL: https://sovereigntymonitor.eu/news/2026-05-11-algorithmiq-milan-hq-funding/
- Published: 2026-05-11T12:00:00.000Z
- Updated: 2026-09-01T10:50:35.000Z
- Description: Quantum software firm Algorithmiq raised a EUR18 million round led by United Ventures, with Italy's state investment bank Cassa Depositi e Prestiti joining, and relocated its global headquarters from Helsinki to Milan while keeping Finnish operations.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, #news, #verified

Verified [Algorithmiq press release, 11 May 2026](https://algorithmiq.fi/news/algorithmiq-establishes-milan-headquarters-and-raises-18m-to-position-europe-as-the-future-of-quantum-software/?ref=sovereigntymonitor.eu)

**What it does not test.** Does not establish that Algorithmiq's Finnish operations will be wound down or that CDP gains a governance role.

**How this item counts.** No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0\. Intra-EU move: Helsinki-to-Milan HQ, Italian-led EUR18M round; ownership stays European, no question moves. [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/)