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Quantum VC QDNL hits €25M first-close on new fund


VC investment into Quantum computing declined by 50% last year according to the ‘State of Quantum 2024’ report, dropping from $2.2bn in 2022 to $1.2bn,

The idiosyncratically named QDNL Participations has reached a €25 million first close on a proposed €60m global fund for early-stage quantum startups. The firm’s previous €15 million fund focused on the Dutch quantum ecosystem, backing startups including Qblox, QuantWare, QphoX, and Q*Bird. He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities.

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