Copenhagen’s 55 North Launches Europe’s Largest Quantum VC Fund
Copenhagen-based 55 North has formally closed the first tranche of its ambitious €300 million quantum technology fund, securing €134 million from anchor investors Novo HoldingsDealroom has a profile for this one. Try Dealroom → and the Export and Investment Fund of Denmark (EIFO). This milestone establishes 55 North as the world’s largest dedicated quantum-focused venture capital fund.
Co-founded by quantum specialists Dr. Owen LozmanDealroom has a profile for this one. Try Dealroom →, Dr. Helmut KatzgraberDealroom has a profile for this one. Try Dealroom →, and Dr. Kai HudekDealroom has a profile for this one. Try Dealroom →, the fund pursues a stage-agnostic investment strategy, spanning the full quantum stack—from computing and sensing to communications technologies. Its initial portfolio includes IQM, where it participated in a €275 million Series B, and Kiutra, co-leading a €13 million Series A-2 round.
The fund’s launch is closely aligned with Denmark’s National Strategy for Quantum Technology, initiated in 2023, which mandated EIFO to catalyze a leading European quantum investment vehicle. By channeling significant capital into emerging quantum ventures, 55 North aims to convert research breakthroughs into commercial impact, reinforcing Europe’s position in the global quantum ecosystem.
With deep technical expertise and substantial financial backing, 55 North is strategically positioned at the vanguard of a rapidly evolving sector, ensuring Europe remains a producer of transformative quantum technologies and bridging the divide between laboratory innovation and market-ready solutions.
Source:
A.M.
