Quantonation Ventures Sets New Standards with First Closing of Its Second Early-Stage Quantum Tech Fund

April 10, 2024

PARIS and BOSTON, April 10, 2024 — Quantonation Ventures today announced the first closing of its second early-stage fund dedicated to Quantum Technologies, Quantonation II, at €70 million of the €200 million target. Quantonation is at the center of the emerging Quantum Tech industry and is already investing globally in new companies from this second fund.

The Quantonation Ventures Team

The first fund, Quantonation I raised €91 million, beyond the original target, making investments in 27 companies worldwide, with two exits. It invested in spin-offs from the most recognized academic ecosystems worldwide, such as MIT, Ecole Polytechnique, Institut d’Optique, Oxford University, Waterloo University, University of Sherbrooke and more.

Quantonation Ventures has monitored over 600 startups developing Quantum Technologies over the last five years, constituting the field’s most significant deal flow. The fund has had strong performance, putting it in the top quartile of Venture Capital investors, even in a period where other venture investments are feeling a pullback.

Quantonation II follows the same thesis as Quantonation I– investing from the pre-seed/seed stage. It will target investment in 25 companies, and Quantonation will work with quantum venture studios worldwide to accelerate the creation of new companies.

A US-based investment vehicle has been setup to make it easier for US investors to subscribe. The first two studios, QV Studio in Canada and Quantum Italia, have already been launched. More projects are being developed in Europe, the Asia-Pacific Region and the US. The scientific talent generating quantum and physics innovations is globally distributed and it is important to look globally to develop these innovations into large businesses.

After the first phase of building major quantum platforms, Quantonation Ventures expects to see more companies working on applications in health, climate change mitigation, security, energy, and high-performance computing, and on the emerging supply chain with the transition to scale and industry-grade reliability.

The first closing at €70 million marks an essential milestone towards reaching the final target. It has allowed Quanonation Ventures to start investing from Quantonation II with four deals to date:

  • Quantum Computing: Diraq (silicon spin qubits)
  • Materials: Pioniq (quantum materials for energy storage)
  • Deep physics: Resolve Stroke (high-resolution acoustic imaging)
  • Deep physics: Steerlight (Lidar)

Quantonation II has received support from many investors, such as the Fonds National d’Amorçage 2 (the French Seed Fund), managed by Bpifrance on behalf of the French State, and Bradley M. Bloom (co-founder and former Managing Director of Berkshire Partners LLC).

Christophe Jurczak, Managing Partner, stated: “This successful first closing shows … a remarkable dynamic in the quantum industry. With these resources, we can pursue scouting for the best quantum companies in the world and support a fantastic roster of founders in their entrepreneurial journey.”

Bradley M. Bloom, co-founder and former Managing Director of Berkshire Partners LLC, said: “I am delighted to be closely engaged with the Quantonation team who are using their collective expertise to identify and accelerate some of the most promising innovations in this rapidly emerging sector that will affect all of us in the years ahead.”

The fund Quantonation II is managed by Quantonation Ventures, headquartered in Paris and Boston, investing globally, and benefits from the expertise of its team composed of Christophe Jurczak, Ph.D., Olivier Tonneau, Will Zeng, PhD, Jean-Gabriel Boinot-Tramoni, Pauline Boucher, PhD, Joseph Maillard, Alexandra Krivopavic, Raphaël Bodin, Eleonore de Rose and Charles Beigbeder.

About Quantonation Ventures

Quantonation is the first early-stage VC fund dedicated to deep physics and quantum technologies. Fields such as high-performance computation, secure communications, drug design, or ultra-precise sensing are now driven by innovation based on these disruptive technologies. Quantonation aims to support their transition into commercially available products. Quantonation is headquartered in Paris, France, and Boston, USA, and it has investments in Europe, North America, and Asia-Pacific. For more information and news: www.quantonation.com.


Source: Quantonation

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