#1
#1 out of 112.9K est. views0.00%
business4h ago
Quantonation's double-sized second fund shows quantum still has believers | TechCrunch
- Quantonation Ventures closed its second fund at €220 million, more than double its first fund, signaling strong investor confidence in quantum startups.
- The fund focuses on a broad 'picks and shovels' approach beyond chips, investing in software, hardware, photonics, and related technologies.
- Quantonation has backed 12 startups and aims for a portfolio of about 25, reflecting an expanding quantum ecosystem.
- New and returning investors, including Vertex Holdings and Novo Holdings, joined the second fund, signaling broad support.
- Quantonation operates with dual headquarters in Paris and New York and plans international expansion across Europe, Asia, and North America.
- Industry momentum includes private investment growth and government interest in quantum technologies, supporting a broader market outlook.
- Industry leaders expect real-life quantum applications to emerge in coming years, propelled by error correction progress.
- Quantonation’s geographic scope is international, backing companies in Europe and beyond.
- The fund’s fundraising signals ongoing interest in quantum computing despite debates about near-term timelines.
- Quantonation’s leadership views the expanded fund as a way to capitalize on a broader set of quantum opportunities.
- Industry commentary highlights Nvidia’s role and continuing private sector activity in quantum development.
Vote 1