HomeFranceQuantonation Ventures Holds First Close of €200M Fund Dedicated to Quantum Technologies

Quantonation Ventures Holds First Close of €200M Fund Dedicated to Quantum Technologies

Quantonation Ventures

Quantonation Ventures, a Paris, France- and Boston, MA-based based quantum tech focused venture capital firm, held the first close of its second fund, at €70M.

Quantonation II, which has a final target of €200M, received continued support from 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).

The vehicle invested in quantum and physics startups from pre-seed to Series B stages. They are targeting 25 companies in the portfolio and, to accelerate the creation of new companies, are working with quantum venture studios worldwide. A US-based investment vehicle has been setup following the first two studios, QV Studio in Canada and Quantum Italia, were already set up. More projects are under development in Europe, the Asia-Pacific Region and the US.

Quantonation II has already invested in:

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

Founded in 2018 and led by Christophe Jurczak, Managing Partner, the firm supports founders who are working on transforming quantum science and deep physics into tangible devices and applications for sensing, communication, and computing.

The first fund, Quantonation I (a 2021 vintage), raised €91m, making investments in 27 companies worldwide, with two exits. It invested in spin-outs from the most recognized academic ecosystems worldwide, like MIT, Ecole Polytechnique, Institut d’Optique, Oxford University, Waterloo University, University of Sherbrooke and more.

The portfolio already included PASQAL, Nord Quantique, Multiverse, Qubit Pharmaceuticals, WeLinQ and QphoX.

Quantonation II’s team is 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.

For more details onthe firm’s five-year journey investing in Quantum Technologies, read “Investing in the Quantum Future: State of Play and Way Forward for Quantum Venture Capital,” by Christophe Jurczak.

VCWire

12/04/2024