Quantonation's Double-Sized Second Fund Shows Quantum Still Has Believers

Quantonation Ventures, a venture firm investing in quantum and physics-based startups, has closed its oversubscribed second fund at €220 million, or approximately $260 million. This is more than twice the size of its inaugural fund, and comes in addition to other signals that the quantum winter isn’t coming yet.

The second fund will focus on investing in startups that are working on quantum computing, quantum simulation, and other quantum-related technologies. The fund will also invest in startups that are working on physics-based technologies, such as advanced materials and optics.

The success of Quantonation's second fund is a sign that investors are still confident in the potential of quantum technology. Despite the challenges and setbacks that the industry has faced in recent years, many experts believe that quantum technology has the potential to revolutionize a wide range of fields, from computing and cryptography to materials science and medicine.

Quantonation's second fund is also a sign that the venture capital industry is still willing to take risks on early-stage startups. While many venture capital firms have been cautious in recent years, Quantonation's second fund shows that some firms are still willing to invest in high-risk, high-reward startups.

The second fund will be managed by Quantonation's team of experienced investors, who have a deep understanding of the quantum technology industry. The team will work closely with startups to identify areas of opportunity and to provide guidance and support as they grow and develop.

Overall, the success of Quantonation's second fund is a positive sign for the quantum technology industry. It shows that investors are still confident in the potential of quantum technology and that the venture capital industry is still willing to take risks on early-stage startups.

Sources

[1] Quantonation's double-sized second fund shows quantum still has believers