{"id":57842,"date":"2025-10-02T19:56:15","date_gmt":"2025-10-02T19:56:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/57842\/"},"modified":"2025-10-02T19:56:15","modified_gmt":"2025-10-02T19:56:15","slug":"55-north-a-new-e300-million-352-5-millionusd-fund-launched-to-scale-european-quantum-technologies","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/57842\/","title":{"rendered":"55 North, a New \u20ac300 Million ($352.5 MillionUSD) Fund, Launched to Scale European Quantum Technologies"},"content":{"rendered":"

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A new venture capital fund, 55 North<\/a>, has been launched in Denmark, with a target size of \u20ac300 million ($352.5 million USD) and an initial close of \u20ac134 million ($157.4 million USD). The fund was incubated by the Export and Investment Fund of Denmark (EIFO)<\/a> and co-anchored by Novo Holdings<\/a>. The founding partners of the fund include Vsquared Ventures<\/a> and Cambium Capital<\/a>. Headquartered in Copenhagen, the fund is the largest pure-play quantum VC fund in the sector and marks a key ambition in Denmark\u2019s National Strategy for Quantum Technology<\/a>.<\/p>\n

The fund\u2019s investment strategy targets the entire quantum value chain, with a focus on computing, sensing, and communication. The strategy has a heavy European focus, with around 75% of the capital supporting European companies, and one-quarter specifically targeting Nordic firms. The fund has already made its first two investments, participating in a \u20ac275 million ($323.1 million USD) Series B round for IQM<\/a> and co-leading a \u20ac13 million Series A-2 investment in Kiutra<\/a>, a developer of advanced cryogenic cooling systems.<\/p>\n

The launch of 55 North is intended to accelerate the journey of quantum technology from the lab to global markets. Morten B\u00f8dskov<\/a>, Danish Minister of Industry, Business and Financial Affairs, noted that the fund will invest in major quantum breakthroughs. The fund\u2019s international leadership team, which includes Managing Partner Owen R. Lozman<\/a>, will manage the fund\u2019s global reach while maintaining a strong European center of gravity.<\/p>\n

Read the full announcement in the EIFO newsroom here<\/a> and the Novo Holdings newsroom here<\/a>.<\/p>\n

October 2, 2025<\/p>\n


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