French VC Quantonation raises €220 million for flagship quantum and deep-physics fund
European venture capital is demonstrating robust confidence in the burgeoning quantum technology sector, highlighted by Quantonation Ventures' €220 million close for its second flagship fund. This substantial raise positions the Paris-based firm as the largest dedicated quantum investment entity globally by assets under management, signaling a significant influx of capital into DeepTech innovation across the continent. The success of this fund, exceeding its target, indicates a maturing European ecosystem ready to support the commercialization of advanced physics-based technologies. The broader European landscape reflects this momentum, with substantial investments fueling the quantum stack. Companies like QuantWare in the Netherlands have secured €20 million to advance quantum processor development and chip fabrication, while Copenhagen-based 55 North has announced a €134 million first close for its quantum technology fund, already backing key players. Additionally, Irish startup Equal1 raised €51 million to scale silicon-based quantum computing platforms, collectively underscoring a growing conviction in the transition of quantum and deep-physics technologies from research to scalable industrial applications. These developments signify a shift from early-stage research towards tangible commercial opportunities, impacting fields such as high-performance computation, secure communications, drug design, and ultra-precise sensing. Quantonation's expanded focus with its second fund on utility and scale, alongside other significant capital deployments, suggests a European commitment to building robust products and preparing for industrialization in quantum and related deep-physics domains, thereby fostering digital sovereignty.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.