Terra Quantum CEO in Spat With Lakestar Amid Funding Talks (2)

Terra Quantum AG Chief Executive Officer Markus Pflitsch’s relationship with investor Lakestar Capital Partners is deteriorating as the Swiss quantum computing startup seeks a fresh round of funding, people familiar with the matter said.

Terra Quantum has been speaking with investors about raising about $100 million to $150 million, people familiar with the matter said, asking not to be identified because the details are confidential. Lakestar indicated earlier this year it will only agree to provide new investment if Pflitsch is removed, the people said.

Read More: Quantum Computing Is Finally Here. But What Is It?: QuickTake

Lakestar told ...