Quantonation Ventures, a venture firm investing in quantum and physics-based startups, has recently announced the closure of its oversubscribed second fund at an impressive amount of €220 million, which is equivalent to approximately $260 million. This is a major milestone for the company, as it is more than double the size of their inaugural fund. The success of this fund is a clear indication that the quantum industry is gaining momentum and is here to stay, dispelling any doubts about the so-called “quantum winter”.
Quantonation Ventures was founded in 2018 by experienced entrepreneurs and investors, Christophe Jurczak and Elaia Partners. The firm specializes in investing in startups that are developing cutting-edge technologies related to quantum physics, such as quantum computing, quantum communication, quantum sensing, and more. With their deep understanding of the industry and extensive network, Quantonation Ventures has become a leading player in this niche market.
The closure of the second fund is a significant achievement for Quantonation Ventures, as it was oversubscribed by investors, surpassing the initial target of €200 million. This clearly reflects the growing interest and confidence of investors in the quantum industry. The fund has attracted a diverse group of investors, including family offices, institutional investors, and sovereign wealth funds from Europe, North America, and Asia. This global support is a testament to the potential and global reach of the quantum technology market.
According to Christophe Jurczak, managing partner at Quantonation Ventures, “The success of our second fund is a strong validation of our investment strategy and the potential of the quantum industry.” He further added, “We are proud to have the support of such a diverse and high-profile group of investors, which will enable us to continue our mission of backing the most promising quantum startups and shaping the future of this industry.”
The closure of this second fund is not the only positive sign for the quantum industry. In fact, there have been several recent developments that indicate the industry is gaining momentum and is far from experiencing a “quantum winter”. For instance, in the past year, several major tech companies, including IBM, Google, and Microsoft, have made significant breakthroughs in the field of quantum computing, bringing us closer to the era of practical quantum computing. This has sparked a wave of interest and investment in the industry.
In addition, governments around the world are also recognizing the potential of quantum technologies and are investing significant resources into research and development. For instance, the European Union recently announced its Quantum Flagship program with a budget of €1 billion, and China has also pledged a massive investment of $10 billion in quantum research. This shows that the quantum industry is not only gaining traction in the private sector but also in the public sector.
The closure of Quantonation Ventures’ second fund is a significant milestone for the company, but it also marks a new chapter for the quantum industry. With the support of their investors, the company will be able to further accelerate the growth of the quantum ecosystem and bring disruptive technologies to the market. Their portfolio companies, which include some of the most promising startups in the field, will also benefit from the additional funding and resources provided by Quantonation Ventures.
In conclusion, the closure of Quantonation Ventures’ oversubscribed second fund is a major boost for the quantum industry, proving that the industry is on a steady growth path. With the support of global investors and recent advancements, the future of quantum technology looks brighter than ever. Quantonation Ventures is a pioneer in this field, and their success will undoubtedly encourage more investors to join the quantum race. The quantum winter is far from coming, and we can expect to see even greater achievements and breakthroughs in the near future.
