Noteworthy Work
K&L Gates Advises Q-CTRL on US$290 Million Series C Funding Round
Global law firm K&L Gates has advised Australian quantum technology company Q-CTRL on its US$290 million Series C funding round, making the company Australia's first quantum unicorn and one of only a tiny set of companies to reach this milestone globally.
The transaction represents one of the largest venture capital funding rounds for an Australian-registered company in 2026.
K&L Gates has advised Q-CTRL on its fundraising activities since its seed capital raise in 2017, supporting the business through every stage of its growth. The Series C transaction reflects nearly a decade of collaboration between K&L Gates and Q-CTRL, during which the firm has advised on multiple funding rounds and other strategic initiatives as the company has grown from an Australian start-up into a global leader in quantum technology with an impressive list of domestic and international investors and customers.
The K&L Gates team was led by Corporate partner Daniel Atkin with support from senior associate Emanuel Penklis and lawyer Tom Farinelli.
K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices across the globe providing clients with practical legal solutions in the structuring, financing, and closing of domestic, international, and cross-border transactions.
K&L Gates is a globally integrated law firm trusted by sophisticated clients to deliver market leading legal counsel across jurisdictions and industries. Operating as one firm worldwide, K&L Gates combines deep local insight with seamless global coordination to address clients’ most complex legal and business challenges. Guided by a relentless focus on client service, the firm delivers practical, high impact solutions with consistency, efficiency, and a clear emphasis on results.
