Quantonation Ventures closes €220M second fund, surpassing €200M target and becoming largest quantum investment vehicle. Fund size doubles first €91M fund, signaling shift from early pioneers to industrial quantum deployment. Backing includes Vertex, Bpifrance, EEF, Novo Holdings, Toshiba, blending returning and new institutional LPs. Capital targets interlocking stack: hardware, software, supply chains mature in parallel across quantum, photonics, sensing. Investments in 12 companies, aiming 25 total, focus on scalable infrastructure: Diraq chips, Qblox stacks, Pioniq materials. European trend: 55 North €300M fund, QuantWare expansion, institutionalizing quantum R&D into industrial supply chains.
Article Summaries:
- Quantonation Ventures has closed its second flagship fund, Quantonation II, raising €220 million ($260 million) - exceeding its €200 million target - making it the largest dedicated quantum‑investment vehicle worldwide. The fund, backed by returning and new institutional partners such as Vertex Holdings, Bpifrance, the European Investment Fund, Novo Holdings and Toshiba, aims to accelerate the industrialisation of quantum and physics‑based systems. Quantonation has broadened its focus beyond quantum computing to include advanced materials, photonics and ultra‑precise sensing, deploying capital in 12 companies (e.g., Diraq, Qblox, Pioniq) with a target portfolio of ~25 firms. This move aligns with a growing European trend of institutionalising quantum R&D into supply‑chain‑ready infrastructure.
Sources: