European Sovereignty Monitor

Industry, investment and R&D

Algorithmiq raises EUR18 million and moves headquarters from Helsinki to Milan

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.

Verified Algorithmiq press release, 11 May 2026

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

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