Quantonation Ventures Raises €220M Quantum Fund With Toshiba Support

All major investors from Quantonation I have returned for the second fund. Returning limited partners include Vertex Holdings; Fonds National d’Amorçage 2, managed by Bpifrance on behalf of the French State; and Bradley M. Bloom, co-founder and former Managing Director of Berkshire Partners. New limited partners include the European Investment Fund, Grupo ACS, Novo Holdings, Planet First Partners, and Toshiba.

The close of the fund comes amid an investment boom in quantum. The latest fund, which Quantonation says was oversubscribed, surpassed its €200 million target. It follows Quantonation's first €91 million fund.

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The latest fund, Fund II, invests in the pre-seed and seed rounds of deep physics and quantum tech firms, including companies engaging in molecular design, cybersecurity, and ultra-precise sensing. Quantonation is now the largest quantum fund globally on an AUM basis.

Returning LP investors in the latest fund include Vertex and Fonds National d’Amorçage 2, managed by Bpifrance on behalf of the French State, along with new investors such as the European Investment Fund, Novo Nordisk and Toshiba.

Since its launch in 2018, Quantonation has invested globally in more than 10 countries, backing companies in quantum computing, sensing, supply chains and broader deep-physics domains.

“Quantum has spent decades being described as five years away,” says Christophe Jurczak, Managing Partner at Quantonation. “That wasn’t a failure of physics, but of ecosystems. What’s changed is alignment: hardware, software, supply chains, and industrial demand. Quantum is no longer a race to build one machine. It’s an interlocking stack, and that’s where durable value now sits.”

About Quantonation

Quantonation is an early-stage venture fund investing in Deep Physics and Quantum Technology startups. With offices in Paris and Boston, the fund backs companies harnessing true quantum effects like superposition and entanglement or leveraging deep physics for disruptive applications, driving the next generation of technologies beyond classical limits.