Technology, Software & Gaming
The fund Quantonation II, managed by Quantonation Ventures, is dedicated to Quantum Technologies and has announced in April 2024 the first closing at €70 million of its €200 million target. It follows the success of Quantonation I, which raised €91 million and made investments in 27 companies worldwide with two exits. The fund aims to invest globally in companies focused on transforming quantum science and deep physics into tangible devices and applications for sensing, communication, and computing.
Quantonation II is targeting 25 companies in its portfolio and is working with quantum venture studios worldwide to accelerate the creation of new companies. The fund focuses on investing in pre-seed/seed stage companies and has already made four investments in areas such as quantum computing, materials, and deep physics. The fund is supported by LPs from Quantonation I and has a US-based investment vehicle to make it easier for US investors to subscribe.
The fund invests in: Quantum computing, quantum networks, quantum sensing and deep physics. Stages incude: Pre-seed, Seed, series A and Series B.
According to Managing Partner Christophe Jurczak, the successful first closing of the fund demonstrates excellent funding rounds from the first portfolio and a remarkable dynamic in the quantum industry. Quantonation plans to continue scouting for the best quantum companies globally and expand its team and scientific expertise. The fund is positioned as the leading investor in Quantum Technologies to benefit from the new era opening for this sector, according to BCG partner Jean-François Bobier. Quantonation Ventures is headquartered in Paris and Boston, investing globally, and has investments in Europe, North America, and Asia-Pacific.