Quantum and physics-based technologies have shown strong scientific results but still face challenges when scaling up to industrial systems. Hardware, software, supply chains, and enterprise demand all need to come together, which calls for patient, specialised capital that goes beyond typical VC timelines.
Quantonation Ventures addresses this by providing focused early-stage funding for quantum computing, sensing, materials, and deep physics infrastructure. The firm recently closed Quantonation II at €220 million, more than twice the size of its €91 million Fund I, making it the largest dedicated quantum fund in the world.
The fund exceeded its €200 million target, attracting investors like Novo Nordisk, Toshiba, Vertex/Temasek, the European Investment Fund, Grupo ACS, and returning limited partners such as Bpifrance and Bradley M. Bloom.
Industrialising quantum and physics technologies by funding the connected layers
Since 2018, Quantonation has been on a mission: turning lab breakthroughs into real commercial wins.
Christophe Jurczak, PhD and Managing Partner, brings strong quantum expertise from CEA-Leti and leadership in European quantum projects. Olivier Tonneau and Will Zeng, PhD, contribute experience in scaling operations and physics-focused investment knowledge.
Quantonation II focuses on the “industrial stack”: quantum computing (Diraq working to scale to millions of qubits using silicon foundries), advanced materials (Pioniq for energy storage), nanomaterials (Chiral Nano for next-generation chips), modular quantum systems (Qblox), quantum-secure blockchains (Project11), and physics-based sensing (Resolve Stroke, Steerlight LiDAR).
What sets them apart? Patient capital (perfect for non-linear growth), a global portfolio spanning 10+ countries, and a top-quartile Fund I track record with names like PASQAL and Multiverse Computing.
Unlike generalist VCs or software-focused funds, Quantonation knows that physics advances through engineering, not just speed.
So, what’s next?
Quantonation II is aiming for a 25-strong portfolio, with 12 investments already in the bag. They’re writing bigger checks and sticking with founders through the whole industrialisation journey. And yes, they’re expanding into advanced materials, photonics, sensing, and physical AI, on top of their quantum core.
The fund supports investments across Europe, North America, and Asia-Pacific.
TFN contacted Quantonation for comment regarding diversity and inclusion strategy; no response was received at the time of publication.
