Paris-based VC Quantonation has closed a €220M deep-tech fund to back quantum and physics-first startups across Europe and beyond.

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Paris-based VC Quantonation has closed its second flagship fund at €220M, more than double its first vehicle, to invest in quantum computing, sensing, advanced materials, and physics-based deep tech startups. Backed by the European Investment Fund, Bpifrance, Toshiba, Novo Holdings, and others, the fund targets around 25 companies with a focus on industrialization and commercial-scale products. Portfolio companies include Diraq (silicon quantum hardware), Qblox (quantum control electronics), and Project11 (quantum-secure cybersecurity). The raise positions Quantonation as one of the largest dedicated quantum-focused funds globally and signals growing institutional confidence in Europe's physics-driven tech ecosystem.

VC Quantonation closes €220M fund to back next-gen physics tech