Quantum Computing

55 North Fund I is a specialized venture capital vehicle exclusively dedicated to scaling quantum technology companies across the computing, sensing, and communications domains. Based in Copenhagen, the fund is structured to back early‑ to growth‑stage companies spanning hardware, software, enabling technologies, and algorithmic layers of the quantum stack. Anchored by public and private backers including EIFO and Novo Holdings, the fund seeks to bridge the gap between deep research and commercial deployment in quantum. The inaugural fund has already closed on its first tranche of €134 million, representing a strong signal from cornerstone investors and deep‑tech stakeholders. The target size is €300 million, which would make this among the largest pure‑play quantum funds globally. In its early deployment, 55 North has participated in IQM’s €275 million Series B and co‑led a €13 million investment in Kiutra, a company developing cryogenic cooling systems essential for high‑performance quantum hardware. These initial investments illustrate the fund’s strategy to back both enabling infrastructure and full‑stack systems. The fund takes a stage‑agnostic, global mandate, with particular emphasis on anchoring Europe (and especially Nordic companies) in the quantum ecosystem. By combining deep technical insight with long investment horizons, 55 North aims to support the maturation of quantum innovations from lab prototypes to economically viable platforms.

The EV II fund is a 70m€ Venture Capital fund that invests in innovative companies in Series A & B stage. The fund has a focus on Fintech and Beyond Banking sectors, including financial technology, RegTech, cybersecurity, mobility, energy, agriculture, and more. The fund targets investments in Central and Eastern Europe, which is an emerging startup ecosystem with amazing talent and founders but lacks the attention and funding resources of more mature regions. The fund has a commitment from RBI, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark, and has previously invested in a portfolio of 15 companies, including investment banking, e-signature & identification, and RegTech companies, among others. The main goal of Elevator Ventures is to earn a financial return for its investors. In addition, they want to contribute to the strategy of the banks and engage with high-growth companies whose business models might be changing the industry dynamics in the mid- to long term. The fund also cooperates with international co-investors and has decided to invest in a Fund of Funds and other VC funds alongside Raiffeisen-Landesbank Steiermark, and Raiffeisenlandesbank Oberösterreich. The fund also believes in the transformative power of technological shifts that enable high-growth companies to drive customer value and reshape industries. They are driven by a sector focus that encompasses not only Fintech but also Beyond Banking, which includes platform-based business approaches in various service areas. Elevator Ventures also plans to continue to promote innovation in the region with the backing of its LP base.

FORWARD.one Fund III is a €200 million industrial technology venture fund aiming to back Europe’s next generation of breakthrough hardware and deeptech companies. With a hard cap set at €250 million, the fund will deploy initial tickets in the range of €1–3 million, reserving additional capital for follow‑on financing. The fund intends to build a concentrated portfolio of 25–30 early‑stage companies, focusing on domains such as semiconductors, robotics, sensors, advanced automation, climate tech, and industrial innovation. Its geographic focus includes the Benelux, Germany/Austria/Switzerland (DACH), the Nordics, and other European innovation hubs. FORWARD.one brings a hands‑on, commercialization‑oriented investment style. Its value proposition is rooted in bridging the “deeptech gap” by combining technical domain expertise, rapid execution, and industry networks to help founders transform advanced research into scalable products for real markets. The fund also builds on FORWARD.one’s performance track record: Fund I (launched ~2018) delivered a net IRR of ~41 % and 2× DPI, with exits such as Sensorfact (acquired by ABB) and Mayht (acquired by Sonos). Fund II (launched ~2021, ~€145 million) is mid‑deployment, targeting similar sectors. With Fund III, the firm aims to scale its backing of Europe’s industrial tech champions and deliver strong returns for LPs.

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.

TDK Ventures Fund 3 is a $150 million venture capital fund launched in April 2025 by TDK Corporation's corporate venture-capital subsidiary, TDK Ventures, Inc. The fund focuses on investing in early-stage deeptech startups that are poised to drive significant advancements in technology and sustainability. Building upon the success of its previous funds, Fund 3 aims to catalyze the next generation of iconic companies by providing not only capital but also strategic support through TDK's extensive global network. This includes access to TDK's R&D, manufacturing capabilities, and market channels, enabling startups to scale efficiently and effectively. Fund 3 continues TDK Ventures' mission to invest in transformative technologies that align with global megatrends, contributing to TDK's long-term vision of sustainable growth and innovation.