Quantonation
Quantonation is a Paris-based early-stage venture capital firm founded in 2018, managing over €311 million across two funds dedicated to quantum computing, quantum networking, quantum sensing, and deep physics technologies for institutional and corporate limited partners globally.
- Company typePrivate
- Founded2018
- HeadquartersParis, France
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Quantonation does
Quantonation is a Paris-based early-stage venture capital firm founded in 2018, dedicated exclusively to quantum and deep physics technologies. The firm invests from pre-seed through Series A with selective Series B participation, targeting academic spin-offs and deep-tech founders across quantum computing hardware and software (neutral atoms, superconducting, silicon spin, photonic), quantum networking and communications, quantum sensing, post-quantum cryptography, and adjacent physics-based fields including AI-oriented semiconductors and energy storage. As of June 2026, Quantonation manages over €311 million across two flagship funds — Quantonation I (€91M, closed 2022) and Quantonation II (€220M, closed February 2026 oversubscribed) — making it the largest dedicated quantum investment firm globally by assets under management, with offices in Paris and New York and portfolio companies spanning more than ten countries across Europe, North America, and Asia-Pacific.
Quantonation's investment model is structured as a regulated French fund manager (SAS, SIREN 849 813 522, AMF registered GP-202211) generating revenue through standard VC economics: management fees on committed and invested capital, plus carried interest on returns above the preferred return threshold. The firm differentiates itself through deep technical due diligence — partners are credentialed to read peer-reviewed physics research and engage world-renowned quantum experts — and through active portfolio support including cross-company synergies, customer introductions, and ecosystem leverage. Limited partners include Vertex Holdings (Temasek), Bpifrance, European Investment Fund, Novo Holdings, Toshiba, Grupo ACS, and Planet First Partners.
Quantonation targets approximately 25 portfolio companies per fund, with 12 already deployed from Fund II, including category leaders such as Pasqal (co-founded by Quantonation's Christophe Jurczak and Nobel laureate Prof. Alain Aspect), Quobly, Nord Quantique, Qblox, ORCA Computing, and Quandela. The firm is led by Charles Beigbeder (Directeur Général), with Christophe Jurczak, Will Zeng, and Olivier Tonneau as partners, and recently added Magnus Bengtsson and Elizabeth Ruetsch as Venture Partners to support commercialization. Portfolio exits include LightOn's November 2024 IPO on Euronext Growth Paris.
Quantonation firmographics
Firmographics- Name
- Quantonation
- Legal name
- QUANTONATION (Société par actions simplifiée au capital de 125 056 euros, immatriculée au RCS de Paris sous le numéro SIREN 849 813 522)
- Website
- http://www.quantonation.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Quantonation is a Paris-based early-stage venture capital firm founded in 2018, managing over €311 million across two funds dedicated to quantum computing, quantum networking, quantum sensing, and deep physics technologies for institutional and corporate limited partners globally.
- Ownership category
- akta.pro rank
Quantonation industry classification
Industry- Product category
- Venture Capital / Quantum Technology Investment
- NAICS
- All Other Financial Investment Activities (52399), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Quantum Tech Commercialization, IP, Tech Transfer & Venture Research (HDAGAMAN)
Keywords
Where Quantonation is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Quantonation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: Management fees charged on assets under management as a percentage of committed capital during the investment period and reduced fees during the harvest period, standard VC fund economics.
- Carried Interest: Performance-based carried interest (typically 20%) earned on investment returns above the preferred return threshold for LPs, representing the primary incentive for fund managers.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Quantonation product offering
Product offeringCore offering
Quantonation is an early-stage venture capital firm that raises and deploys dedicated quantum technology funds (€91M Fund I and €220M Fund II), investing from pre-seed to Series A in startups building quantum computing hardware and software, quantum networking, quantum sensing, and adjacent deep-physics technologies. The firm provides capital, technical due diligence, ecosystem access, and portfolio synergy support to academic spin-offs and deep-tech founders globally.
Product overview
Quantonation is an early-stage venture capital firm dedicated to deep physics and quantum technologies. The firm offers investment services across two flagship funds: Fund I (€91 million) and Fund II (€220 million, currently deploying), targeting pre-seed to Series A investments with selective Series B participation. Quantonation provides capital, strategic guidance, and access to a global network of ecosystem partners to help quantum and physics-based startups transition from research to commercial products. The firm manages a portfolio of approximately 25 companies spanning quantum computing hardware and software, quantum networking, quantum sensing, and adjacent physics-based technologies across Europe, North America, and Asia-Pacific.
Differentiator
Problem solved
Functional benefit
Products and services
- Quantonation I (Fund I) Quantonation's inaugural €91 million venture capital fund that invests from pre-seed to Series A in early-stage quantum computing, quantum networking, quantum sensing, and deep-physics technology companies, targeting institutional limited partners and academic spin-off founders.
- Quantonation II (Fund II) Quantonation's second €220 million venture capital fund, currently deploying capital from pre-seed to Series A (with selective Series B participation) into quantum computing, quantum error correction, quantum networking, quantum sensing, advanced materials, and broader physics-based technologies, targeting approximately 25 portfolio companies globally.
Quantifiable outcome
- Portfolio companies include category leaders: Pasqal (neutral atom quantum computing), Nord Quantique (first demonstration of quantum error correction with single physical qubit), multiple unicorns
- +1 more outcomes
Companies that use Quantonation
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles2 records
Quantonation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Quantonation partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- YaqumocoreQuantonation's first investment in a Japanese company. Yaqumo is developing scalable neutral-atom quantum computers as a spin-off from Kyoto University, with collaboration with Entropica Labs and part of the NVIDIA Inception Program.
- SBQuantumcoreCo-led $4M seed round with Quantacet, with participation from Investissement Québec. Sherbrooke-based company developing quantum diamond magnetometers, with technology tested by NASA and supported by Canadian Department of National Defence.
- memQcoreCo-led $10M Series A with Ocean Azul Partners. Chicago-based spinoff from University of Chicago developing quantum networking technology using erbium ions on silicon photonics platform.
- Vertical ComputecoreLed €57M seed funding round with participation from Flanders Future Techfund, Eurazeo, and imec.xpand. Belgian deep-tech semiconductor company spun out from imec developing vertically integrated memory-on-logic technology for AI.
- ChiralcoreParticipated in $12M seed round led by Crane Venture Partners with HCVC, Founderful, and Innosuisse. Swiss nanotechnology spin-out from ETH Zurich developing robotic nanomaterial integration systems for post-silicon chips.
- QphoXcoreLed €2M seed round with Speedinvest and High-Tech Gründerfonds. Delft-based company developing Quantum Modem device for networking quantum computers over optical networks.
- Project ElevencoreParticipated in $20M Series A led by Castle Island Ventures with Coinbase Ventures, Fin Capital, Variant, and others. US-based post-quantum cryptography startup securing digital assets for the quantum era.
- TAU SystemscoreLed $20M funding round. US-based company spun out from University of Texas developing laser-driven particle accelerators for space radiation testing and semiconductor inspection.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Quantonation competitors and assessment
Company assessmentDirect peers
- Airbus Ventures: Corporate venture arm of Airbus actively investing in quantum computing, networking, and sensing startups (e.g., co-led Qunnect's Series A). Directly comparable as a quantum-specialized investor deploying institutional and corporate capital globally.
- Lux Capital: US deep-tech VC with a long-standing focus on quantum, photonics, and physics-based startups (early investor in IonQ). Comparable to Quantonation as a thesis-driven deep-physics investor with similar pre-seed-to-Series A stage focus.
- DCVC: Deep-computing VC with material quantum and advanced-computing exposure. Comparable as a thesis-driven deep-tech investor backing hard-tech founders from inception across hardware, software, and materials.
- Quantum Exponential: Public investment company focused on quantum-technology startups across hardware, software, and applications. Closely comparable to Quantonation in mandate and stage, though listed and broader in scope.
- Breakthrough Energy Ventures: Patient-capital fund backed by Bill Gates and others investing in deep-tech and frontier technologies. Comparable as a large, thesis-driven, deep-tech investor with multi-hundred-million AUM and stage flexibility.
- Presidio Ventures: Corporate venture arm of Sumitomo with active quantum-tech portfolio (e.g., co-invested in Nord Quantique alongside Quantonation). Comparable as a strategic/financial quantum investor with global deal flow.
- Atomico: European deep-tech VC with growing quantum/photonics exposure and similar Paris-/London-adjacent footprint. Comparable as a large European thesis-driven fund investing in technical founders.
- Earlybird Venture Capital: European deep-tech VC (e.g., co-invested in Chiral with Quantonation). Comparable as a stage-overlapping deep-tech investor active across DACH, France, and broader Europe.
- Speedinvest: European early-stage VC with deep-tech and quantum-relevant theses (co-invested in QphoX with Quantonation). Comparable in stage focus and European deep-tech specialization.
Broad incumbents
- Eurazeo: Large European private equity/VC platform that has co-invested alongside Quantonation (e.g., Vertical Compute). Comparable as a broader European deep-tech capital allocator with overlapping quantum exposure but a much wider mandate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Quantonation social profiles
Digital presenceQuantonation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quantonation leadership team
Management profileNumber of profiles
Profiles8 records
Quantonation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quantonation M&A and investment
M&A and investmentM&A
Investments63 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quantonation
What does Quantonation do?
Quantonation is an early-stage venture capital firm that raises and deploys dedicated quantum technology funds (€91M Fund I and €220M Fund II), investing from pre-seed to Series A in startups building quantum computing hardware and software, quantum networking, quantum sensing, and adjacent deep-physics technologies. The firm provides capital, technical due diligence, ecosystem access, and portfolio synergy support to academic spin-offs and deep-tech founders globally.
Is Quantonation a public or private company?
Quantonation is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Quantonation founded?
Quantonation was founded in 2018. It employs 1 to 10 people.
Where is Quantonation based?
Quantonation is headquartered in Paris, France, in the Europe region.
How does Quantonation make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest.
Who are Quantonation's main competitors?
Direct peers on record are Airbus Ventures, Lux Capital, DCVC, Quantum Exponential, Breakthrough Energy Ventures, Presidio Ventures, Atomico, Earlybird Venture Capital and Speedinvest. Eurazeo is listed as a broad incumbent.
Does Quantonation have an API?
No public API is recorded for Quantonation.
What industry is Quantonation in?
Quantonation's product category is Venture Capital / Quantum Technology Investment. Its primary akta.pro industry code is HDAGAMAN, Quantum Tech Commercialization, IP, Tech Transfer & Venture Research. Its NAICS code is 52399 and its SIC code is 6282.