Quantonation raises €220M second fund backed by ACS and Novo Holdings
Deal size and focus. Quantonation has secured a new financing vehicle worth €220 million that will funnel capital to companies working on physics‑rooted technologies. The pool targets startups translating laboratory advances into commercial hardware, sensors and other quantum-enabled components. This raise reinforces the firm’s exclusive emphasis on physics-led innovation rather than software-only plays.
Backers and signal to markets. Strategic investors in the round include the infrastructure group ACS SA and the principal investment arm tied to Novo Nordisk’s controlling owners, reflecting non-traditional limited partner interest. Those commitments suggest industrial players see near‑to‑mid‑term commercial pathways for specialized quantum hardware and related systems. The presence of a data‑center builder among backers also hints at forthcoming demand for compute and cooling infrastructure tailored to these technologies.
Scale and market implications. When combined with the firm’s earlier vehicle of about €91 million, Quantonation now manages roughly €311 million dedicated to the quantum and physics-based deep‑tech sector. That scale positions the firm as a leading specialist capital provider in this niche and widens the pool of deployable cash for startups at seed and Series A stages. Expect faster follow‑on financing for portfolio companies, heightened competition among boutique quantum funds, and greater leverage in negotiating partnerships with industry incumbents.
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