The European Investment Fund (EIF) has announced an investment of €30 million ($35.1 million USD) in Quantonation II, a French early-stage venture capital fund specializing in quantum technology and deep physics. This funding, provided under the InvestEU framework, aligns with the EIF’s objective to address the equity gap in early-stage deep-tech financing and enhance Europe’s technological sovereignty. Quantonation II aims for a total fund size of €200 million ($234.26 million USD) and plans to build a diversified portfolio of approximately 25 high-potential companies and 5 venture studios globally.
Quantonation II deploys capital in early-stage rounds (from pre-seed to Series B), targeting companies at the intersection of quantum science and practical application. Deep physics involves fundamental scientific research into matter and energy, while quantum technologies apply these principles to real-world use cases such as quantum sensors and quantum computing. The fund’s team includes managing partners with backgrounds in quantum physics, and it leverages expertise from advisors such as Nobel Laureate Alain Aspect. To date, Quantonation II has made 9 investments in various quantum domains, including quantum processors (Pasqal, Quandela, Quobly), quantum memories and interconnects (Welinq, QphoX), quantum software (Multiverse Computing, Kipu Quantum), and control electronics (QBlox).
This investment is designed to accelerate the growth of European companies operating in quantum technology and deep physics, bridging a critical financing gap in the sector, which remains underdeveloped despite significant research advancements. By backing Quantonation II, the EIF aims to reinforce its commitment to nurturing high-potential sectors that require specialized expertise, supporting the transition of European scientific excellence into globally competitive companies. This initiative is expected to advance Europe’s progress toward becoming a hub for quantum excellence, integrating investment with strategic science policy.
Read the full announcement from EIF here and from Quantonation here.
June 30, 2025
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