Amsterdam-based QDNL Participations has announced the first close of its new quantum-focused fund, raising €25 million out of a targeted €60 million. The fund aims to support startups developing quantum technologies worldwide, addressing the shortage of specialized investors in this field. This move is part of the firm’s strategy to shape the quantum technology ecosystem into a category-defining industry, offering significant opportunities for innovation and growth. The initiative also reflects increasing interest from family offices, high-net-worth individuals, and institutional backers, including continued support from the Quantum Delta NL Foundation.
What steps has QDNL taken to strengthen its expertise?
QDNL Participations has enhanced its in-house capabilities by onboarding experienced professionals. Silicon Valley quantum computing expert Chad Rigetti joined as a venture partner, while Kris Kaczmarek, with a background at quantum VC firm 2xN, was appointed as investment director. Furthermore, the firm brought in Nadia Carlsten, CEO of the Danish Centre for AI Innovation, and Charles Marcus from the University of Washington as special advisors. These additions aim to bolster the firm’s capacity to identify and nurture promising quantum startups globally.
How does QDNL’s strategy align with its Dutch roots?
QDNL Participations initially focused on strengthening the Dutch quantum landscape, launching with a €15 million fund in 2023. The firm has since invested in nine high-potential Dutch startups, including QphoX, Q*Bird, Qblox, and QuantWare. While expanding its geographical focus, the firm’s vision is to support emerging quantum ventures in fields like computing and security, which are progressing from research to early commercialization. This dual approach underscores the firm’s commitment to both local and global quantum advancements.
The Dutch National Agenda for Quantum Technology, coordinated by Quantum Delta NL, serves as a foundation for QDNL’s efforts. Quantum Delta NL Director Pieter de Witte emphasized the importance of securing capital to scale emerging ventures, stating,
“Building a sustainable quantum industry in the Netherlands for the long term is the key pillar of our foundation, and the launch of this fund is a part of our strategy.”
QDNL Participations’ approach reflects a broader pattern in the quantum ecosystem. Earlier initiatives from the Dutch quantum community primarily concentrated on national development. However, QDNL’s global fund signifies a shift toward international collaboration, recognizing the importance of cross-border partnerships to drive quantum technologies. This strategy contrasts with earlier localized efforts, indicating a maturing market that demands diverse expertise and global funding.
Expanding investments into the quantum sector is critical as industries seek solutions for computing, communication, and security challenges. The global quantum market is increasingly drawing interest from venture capital firms, but gaps in specialized funding still exist. QDNL Participations aims to address these gaps while building its reputation as a leading quantum-specific investor. By combining Dutch expertise with international reach, the firm positions itself to influence the next phase of quantum technology’s commercial application.
For readers following the developments in quantum technology, QDNL Participations’ actions underscore the growing investor interest in this field. The firm’s focus on scaling both Dutch and international startups aligns with the broader trend of quantum technologies moving toward commercialization. Those exploring opportunities in this industry should note the increasing availability of specialized funds and the strategic alliances forming within global quantum ecosystems.
