QDNL Participations Opens €60M Fund For Global Quantum
Increased QDNL Team and Global Fund Drive Quantum Revolution
QDNL Participations, a leading quantum technology venture capital firm, established a €60 million (USD 70 million) fund to invest in high-potential quantum technology firms worldwide to expedite the quantum information age. This announcement significantly expands the company's global ambitions. This new fund's €25 million inaugural closure marks a milestone in the company's goal of connecting groundbreaking scientific research to profitable economic ventures.
Fixing Quantum Commercialisation Gaps
Brilliant scientists with commercially feasible quantum notions have struggled to develop marketable solutions for too long. The quantum sector has suffered from weak growth, inadequate investment, and scientific stagnation due to a lack of economic backing for these professionals. Due to a shortage of specialised investors, many of whom are outside elite scientists' circles, it has been difficult to identify good opportunities and provide the persistent support needed for humanity to benefit from these advancements.
QDNL Participations was designed to address these crucial issues. From quantum research grant-giving to venture financing's ‘patient capital’ stage, the fund is crucial. Their goal is to turn good technology ideas into “obviously great investable companies” by providing business and commercial support. This involves helping talented technologists recruit top talent and commercialise their ideas for mankind.
Customised Support for Quantum Founders
QDNL Participations helps entrepreneurs at several stages of business development:
Idea-Stage Founders: QDNL Participations helps scientists with groundbreaking ideas who have not yet founded a business examine their ideas' practicality, remove early barriers to funding and company formation, and build leadership and financial confidence. This proactive method allows talented researchers to overcome inertia and start unbiased commercial conversations early.
Early-Stage Founders Seeking Venture financing: The fund assists incorporated companies with research financing gain institutional capital and set up their operations for long-term success. QDNL Participations reduces investor risks to improve governance, stability, and investability of early-stage, grant-funded, and research-led firms. Their help ensures founders meet technical roadmap deadlines, raise funds, and conduct vital research.
With a community of hard-to-reach, knowledgeable quantum talent, the fund's specialised team helps early-stage scientist founders become investable. They know how to reduce investor risks, open markets to new ideas, and build reliable teams and effective investment strategies. Talented researchers are not left to struggle with unproven concepts or small, grant-dependent enterprises that don't attract venture funding QDNL Participations fills knowledge gaps and boosts financial and leadership confidence.
Increase Global Reach and Expertise
QDNL Participations, which started with a €15 million fund to enhance the Dutch quantum technology ecosystem, now has global aspirations. To accommodate expansion, its personnel has risen dramatically.
The company just hired Nicola Weiroster as an investment team associate. He gained valuable experience as a Junior Investment Manager at Onsight Ventures, an Austrian deep tech venture fund, where he focused on early-stage European investments. Weiroster co-founded Austrian-Dutch space business Team Tumbleweed. He was eager to help companies turn science into scalable businesses and for quantum's commercial impact to emerge in the “pivotal phase”.
The QDNL Participations team includes General Partner Tonne van ‘t Noordende. He believes quantum will be the next “innovation cycle” after software and artificial intelligence and wants to start a pioneering investment company. Venture partner Chad Rigetti, creator of Rigetti Computing and quantum computing pioneer, has industry knowledge. Additional team members include Charles Marcus (special advisor), Nadia Carlsten (special advisor), Cheryne Jonay (analyst), and Kris Kaczmarek (investment director).
History of Innovative Investments
QDNL Participations has invested in some of the most creative quantum enterprises. Nine high-potential Dutch quantum companies, including Qblox, QuantWare, QphoX, and Q*Bird, have received their €15 million investment. The first international agreements are expected soon.
Notable portfolio achievements include:
QuantWare: Delft-based quantum hardware firm QuantWare closed a $27 million oversubscribed Series A investment with a $4.5 million extension. QuantWare is selling its patented VIO scaling technology to enable superconducting quantum computers with more than one million qubits and democratise quantum computing hardware.
Orange Quantum Systems raised €12 million in an oversubscribed seed round to accelerate quantum chip testing tool development. QDNL Participations and Cottonwood Technology Fund gave Orange Quantum Systems €1.5 million in pre-seed funding.
QT Sense: This Dutch quantum company raised €6 million to enhance Quantum Nuova for disease diagnosis. The finance came from Interreg Europe grants, QDNL Participations shares, and angel investors.
QphoX: The highest Dutch quantum startup investment, €8 million, helped QphoX commercialise its quantum modem technology and advance the quantum internet.
Q*Bird: This communications security firm raised €2.5 million to expand its quantum security business and safeguard enterprises from hacks and future quantum threats.
QuantaMap: The Dutch business raised €1.4 million for its cryogenics and quantum sensor-based quantum computer chip quality assurance solution.
Through strategic investments and comprehensive support, QDNL Participations is shaping the global quantum industry while accelerating quantum enterprise growth. The company invites people interested in learning more about its investment guidelines and how they may help quantum innovation succeed and profit.