55 North
55 North is a Copenhagen-based venture capital firm managing a €300 million quantum-technology fund. Founded in 2025 by Dr. Owen Lozman, it invests across quantum computing, sensing, and communications, backing European and global quantum startups.
- Company typePrivate
- Founded2025
- HeadquartersCopenhagen, Denmark
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 55 North does
55 North is a Copenhagen-based venture capital firm founded in 2025 that manages the 55 North Fund I K/S, a €300 million target alternative investment fund 100% focused on the quantum technology stack. The fund is managed by 55 North Management ApS (CVR-no. 45505235) under Danish AIFM regulation, with anchor limited-partner commitments of €134 million at first close in October 2025 from Denmark's state-owned EIFO and Novo Holdings (parent of Novo Nordisk). Its investment thesis covers three vertical areas — quantum computing, quantum sensing and timing, and quantum communication — alongside enabling technologies such as cryogenics and photonic control hardware.
The firm's core "product" is its deep-tech investing platform, which combines PhD-level scientific advisory (all three GP-level partners hold doctorates in physical sciences), a curated European/global quantum network spanning labs, corporates and governments, and a structured SFDR-aligned sustainability-risk screening process embedded in term-sheet gating and ongoing portfolio monitoring. Distribution is GP-led: each partner personally originates deals leveraging prior scientific and corporate-VC networks at M Ventures (Merck KGaA), IonQ, Microsoft and Amazon, complemented by an inbound pitch funnel via the 55n.vc website and ecosystem referrals.
Revenue mechanics are standard alternative-asset management: management fees on committed/invested capital plus carried interest on realized returns, with specific fee/carry terms not publicly disclosed. The disclosed portfolio comprises six named investments — IQM (€275M Series B, Finland), Kiutra (€10M Series A-2, Germany), Monarch Quantum ($55M Series A, US), QMatter ($1.2M pre-seed, US/UK), Groove Quantum (€16M seed, Netherlands) and Quanscient (€10M Series A, Finland) — spanning superconducting and spin-qubit hardware, cryogenics, photonic control systems, quantum simulation software, and multiphysics/quantum-AI simulation.
55 North firmographics
Firmographics- Name
- 55 North
- Legal name
- 55 North Management ApS
- Website
- https://www.55n.vc/
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- 55 North is a Copenhagen-based venture capital firm managing a €300 million quantum-technology fund. Founded in 2025 by Dr. Owen Lozman, it invests across quantum computing, sensing, and communications, backing European and global quantum startups.
- Ownership category
- akta.pro rank
55 North industry classification
Industry- Product category
- Venture Capital Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
Keywords
Where 55 North is headquartered
LocationHeadquarters
- HQ city
- Copenhagen
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
55 North business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Fund management fees and carried interest: Standard venture capital fund economics through 55 North Fund I K/S (CVR-no. 45557960), a Danish limited partnership managed by 55 North Management ApS (CVR-no. 45505235). The fund targets €300M in commitments with €134M raised at first close in October 2025. As a manager of alternative investment funds (AIFM), 55 North earns management fees on committed/invested capital and carried interest on realized returns; specific fee/carry economics are not publicly disclosed.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | 55 North Fund I — inaugural quantum technology fund |
Go-to-market motion4 records
Distribution channels3 records
Marketing channels4 records
55 North product offering
Product offeringCore offering
55 North is a Copenhagen-based venture capital firm that manages 55 North Fund I K/S, a €300 million target alternative investment fund 100% dedicated to the quantum stack. The fund invests across quantum computing, quantum sensing and timing, quantum communication, and enabling quantum technologies, backing European and global quantum startups from pre-seed through Series C. The firm earns standard fund economics through management fees and carried interest as a registered alternative investment fund manager (AIFM).
Product overview
55 North is a single-product venture capital firm — its offering is the 55 North Fund I K/S, a €300 million target alternative investment fund (managed by 55 North Management ApS, CVR-no. 45505235) that is 100% dedicated to the quantum stack. The fund backs European quantum founders across three investment areas (Quantum Computing, Quantum Sensing and Timing, and Quantum Communication) and currently holds five named portfolio investments: IQM (quantum computing), kiutra (cryogenics), Monarch Quantum (photonics), QMatter (quantum simulation), and Groove Quantum (quantum computing). The fund's investment thesis, sustainability-risk screening, and governance framework are documented via the firm's website, its GDPR privacy notice, and its SFDR-aligned sustainability disclosures.
Differentiator
Problem solved
Functional benefit
Products and services
- 55 North Fund I K/S Copenhagen-based venture capital fund managed by 55 North Management ApS, targeting €300 million and focused 100% on the quantum stack. The fund invests across quantum computing, quantum sensing and timing, quantum communication, and enabling quantum technologies.
Quantifiable outcome
- €300M target fund size — largest pure-play quantum VC globally
- +4 more outcomes
Companies that use 55 North
Customer profileSegments3 records
Ideal customer profiles4 records
55 North technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
55 North partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights5 records
55 North competitors and assessment
Company assessmentDirect peers
- Quantonation: Paris-based early-stage venture fund focused exclusively on quantum technologies (computing, communications, sensing). Closest direct competitor to 55 North as a dedicated quantum VC; both target European founders and compete for the same quantum deal flow.
Broad incumbents
- DCVC (Data Collective): Established deep-tech VC with a multi-billion AUM and material exposure to quantum computing (e.g., PsiQuantum, Rigetti historically). Comparable as a deep-tech investor evaluating quantum hardware, but operates as a broad deep-tech platform rather than a pure-play quantum specialist.
- Lux Capital: US deep-tech VC with active quantum portfolio (e.g., IonQ, Rigetti). Comparable as a technically literate deep-tech investor in quantum, though diversified across hard tech, life sciences, and frontier AI rather than quantum-only.
- M Ventures: Merck KGaA's corporate venture arm where 55 North's founder Dr. Lozman was previously Managing Director. Comparable as a deep-tech CVC with historical quantum exposure, though it operates as a diversified pharma-aligned corporate investor rather than a pure-play quantum fund.
- Playground Global: Deep-tech VC investing in frontier compute including quantum and advanced semiconductors. Comparable in scientific diligence depth and check size appetite, but operates across broader deep-tech categories.
Regional players
- Earlybird Venture Capital: Berlin-based European deep-tech investor with quantum-adjacent and semiconductor portfolio exposure. Comparable as a European deep-tech VC active in the same geography, but quantum is one of several deep-tech verticals rather than the sole focus.
- Innovation Industries: Dutch deep-tech VC that co-led Groove Quantum's seed round alongside 55 North. Comparable as a European deep-tech investor active in quantum hardware (e.g., spin qubits), though broader in focus.
- Serendipity Capital: Lead investor of Monarch Quantum's $55M Series A in which 55 North participated. Comparable as a quantum-active investor overlapping in portfolio deals, though focused more broadly across deep-tech and frontier tech.
Others
- Novo Holdings: Parent of Novo Nordisk and a direct co-anchor LP in 55 North Fund I. Comparable as an institutional quantum investor (Novo has committed €188M total to quantum), but operates as a strategic healthcare-linked investment arm rather than a dedicated VC.
Emerging players
- QAI Ventures: Quantum-focused fund-of-funds and accelerator with European presence (Zürich-based) participating in rounds like Quanscient. Comparable as a quantum-dedicated capital provider in the European ecosystem, though structured as a fund-of-funds/accelerator rather than a direct-investing lead VC.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
55 North social profiles
Digital presence55 North compliance and trust
Trust signalCompliance1 record
55 North financial estimates
Financial estimateRevenue estimate
Valuation estimate
55 North leadership team
Management profileNumber of profiles
Profiles3 records
55 North subsidiaries and ownership
Company hierarchySubsidiaries5 records
55 North funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
55 North M&A and investment
M&A and investmentM&A
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 55 North
What does 55 North do?
55 North is a Copenhagen-based venture capital firm that manages 55 North Fund I K/S, a €300 million target alternative investment fund 100% dedicated to the quantum stack. The fund invests across quantum computing, quantum sensing and timing, quantum communication, and enabling quantum technologies, backing European and global quantum startups from pre-seed through Series C. The firm earns standard fund economics through management fees and carried interest as a registered alternative investment fund manager (AIFM).
Is 55 North a public or private company?
55 North is a private company. It is classified as venture growth investor backed and is currently operating.
When was 55 North founded?
55 North was founded in 2025. It employs 1 to 10 people.
Where is 55 North based?
55 North is headquartered in Copenhagen, Denmark, in the Europe region.
How does 55 North make money?
One revenue line is on record: fund management fees and carried interest.
Who are 55 North's main competitors?
Quantonation is listed as a direct peer. Broad incumbents are DCVC (Data Collective), Lux Capital, M Ventures and Playground Global. Regional players are Earlybird Venture Capital, Innovation Industries and Serendipity Capital. Novo Holdings is listed as an others. QAI Ventures is listed as an emerging player.
Does 55 North have an API?
No public API is recorded for 55 North.
What industry is 55 North in?
55 North's product category is Venture Capital Fund Management. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 523940 and its SIC code is 6282.