55 North

About

In October 2024, 55 North announced the first close of its €300 million inaugural fund, having raised €134 million with backing from anchor investors Novo Holdings and EIFO (Export and Investment Fund of Denmark). Positioned as the world's largest dedicated quantum technology fund, 55 North targets investments across quantum computing, sensing, and communications. The team is led by Managing Partner Dr. Owen Lozman (ex M Ventures), General Partners Dr. Helmut Katzgraber (ex Amazon, ex Microsoft), and Dr. Kai Hudek (ex IonQ), supported by European VC Vsquared Ventures and US-based Cambium Capital. The firm takes a stage-agnostic approach backing enabling technologies and full-stack solutions, with 75% supporting European companies (including 25% targeting Nordic firms) and 25% pursuing select worldwide opportunities. Initial investments include IQM's €275 million Series B and co-leading Kiutra's €13 million Series A-2, advancing Denmark's National Strategy for Quantum Technology established in 2023. 2025 Developments: Active investment activities in quantum technology companies continue in 2025. Portfolio companies show progress in technology development and commercialization. Focus on supporting quantum startups through funding and strategic guidance.

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