Copenhagen-based venture capital firm 55 North has started its first fund to invest in European deep tech, with a total target of €300 million. The fund has already raised €134 million in its first round of funding.
- Established in 2025 by Dr. Owen Lozman, Dr. Helmut G. Katzgraber, and Dr. Kai Hudek, 55 North is a venture capital firm focused exclusively on quantum technologies.
- The firm invests globally across quantum computing, sensing, and communication, providing funding to startups at various stages. Its portfolio includes companies such as IQM Quantum Computers and Kiutra, with investment sizes ranging from early-stage rounds to multi-€100 million Series B deals.
- The plan of 55 North’s Fund I is to invest across all stages in quantum technology companies, spanning computing, sensing, and communication. It focuses on supporting the development of hardware, software, algorithms, and enabling technologies, providing patient, long-term capital to help these companies scale.
- The fund will also facilitates collaboration with research institutions, laboratories, and industry partners to accelerate the transition of quantum innovations from the lab into practical, real-world applications.
"To empower brilliant minds, build sustainable computing platforms, and catalyse the quantum future, in Europe and across the globe. We’re not just investors, we’re ecosystem builders, working alongside governments, universities, and industry to ensure quantum innovation thrives," 55 North's team, commented on LinkedIn.
- The fresh fund received backing from Novo Holdings, EIFO, Vsquared Ventures, Cambium Capital, and strategic support from key industry partners.
