Quantum Computing

55 North Fund I is a €300 million venture capital fund exclusively focused on quantum technology, managed by 55 North, a Copenhagen-based firm founded in 2025 by Dr. Owen R. Lozman, Dr. Helmut G. Katzgraber, and Dr. Kai M. Hudek. The fund is positioned as the world's largest dedicated fund for the quantum technology stack, spanning quantum computing, quantum sensing and timing, and quantum communications. The founding team brings a combination of deep scientific credentials — PhDs in physical organic chemistry, physics, and experimental physics engineering — and over 50 combined years of experience in R&D leadership and quantum industry building, creating an unusually technically literate investment partnership at the frontier of a transformative emerging technology. 55 North Fund I targets early-to-growth-stage companies across all layers of the quantum stack: hardware (processors, photonics, trapped ion systems, cryogenic cooling infrastructure), software and algorithms, enabling materials and components, and the broader quantum sensing and communications applications layer. The fund maintains a strong European geographic bias, with approximately 75% of capital targeting European companies and one quarter specifically reserved for Nordic firms — a deliberate contribution to Denmark's National Strategy for Quantum Technology. Novo Holdings, the investment arm of the Novo Nordisk Foundation, acts as cornerstone investor, alongside EIFO (the Danish Export and Investment Fund of Denmark) and other public and private institutional backers. 55 North completed the first close of Fund I at €134 million, against a total target of €300 million, which at full deployment would rank it among the largest dedicated quantum venture funds globally. Early investments demonstrate the fund's commitment to backing technically advanced companies: a co-investment in IQM's €275 million Series B round (quantum computing hardware) and co-leadership of a €13 million Series A-2 round in Kiutra, a developer of advanced cryogenic cooling systems essential for quantum processor operation. The fund's long-term, patient capital approach reflects the multi-year development cycles inherent to the quantum hardware and systems layers.

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 Invest-NL Deep Tech Fund (DTF) is a €250 million government-backed co-investment fund established in March 2022 by Invest-NL, the Dutch national development finance institution, in close partnership with the Dutch Ministry of Economic Affairs and Climate Policy. Of the total €250 million, €175 million was contributed by the Ministry and €75 million by Invest-NL itself, with additional co-investment support from regional development agencies (ROMs) active across the Netherlands. Invest-NL is wholly owned by the Ministry of Finance and was established specifically to address market failures in financing innovative Dutch companies. The fund operates as an independent unit within Invest-NL with a dedicated fund management team and an independent Investment Committee providing binding investment advice.The Deep Tech Fund invests in knowledge-intensive Dutch start-ups and scale-ups operating in sectors characterized by high innovation risk, long development cycles, and significant capital requirements — conditions that traditionally make these companies difficult to finance through conventional venture markets. Investment focus spans photonics, quantum technology, nanotechnology, microelectronics, high-tech materials, and medical technology — eight of the ten key technology categories identified in the Dutch National Technology Strategy (NTS). The Fund's independent Investment Committee includes Frits van Hout (Chairman), Hans Büthker, Aruna Subramanian, Eline Vrijland, and Steven Tan, bringing together expertise across technology, finance, and deep tech commercialization.Since its launch in 2022, the Invest-NL Deep Tech Fund has made multiple investments deploying capital across the Dutch deep tech ecosystem, including a €5 million commitment to the VCC Deep Tech Fund, a €10 million investment in the Innovation Industries Fund II, and a €10 million commitment to the Forward.One Deep Tech Fund. This co-investment model complements direct investments in individual deep tech companies, leveraging existing fund manager networks for deal flow validation and technical due diligence. The Fund aims to strengthen the Netherlands' international competitive position in strategic technology sectors while reducing the financing gap faced by capital-intensive, high-risk deep tech companies during critical growth phases.