No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home COUNTRY SCANDINAVIA&BALTICS

Copenhagen-based 55 North announces €134 million first close for record €300 million quantum technology fund

EU Startupsby EU Startups
October 2, 2025
Reading Time: 2 mins read
in SCANDINAVIA&BALTICS, VENTURE CAPITAL
Share on FacebookShare on Twitter

Copenhagen-based venture capital firm 55 North has announced the first close of its €300 million inaugural fund, raising €134 million with backing from anchor investors Novo Holdings and EIFO (Export and Investment Fund of Denmark). Positioned as the world’s largest dedicated quantum technology fund, it will target investments across quantum computing, sensing, and communications.

Founded in 2025, 55 North takes a stage-agnostic approach, backing both enabling technologies and full-stack solutions. The firm has already completed two investments: participating in European quantum leader IQM’s €275 million Series B and co-leading Kiutra’s €13 million Series A-2.

“Quantum is no longer a science experiment, it’s a strategic imperative,” said Dr. Owen Lozman, Managing Partner of 55 North. “As classical computing nears its physical and computational limits in applications like drug discovery and AI, quantum is well positioned to accelerate these workloads. Europe must push its quantum agenda to remain a producer, not just a buyer of quantum technologies. With our first close and early investments, we’re laying the foundation for the world’s quantum future.”

The launch of 55 North comes at a time of growing international focus on quantum. Governments across Europe and the G7 have made quantum a strategic priority, with over $40 billion committed in global public funding. Denmark introduced its National Strategy for Quantum Technology in 2023, mandating EIFO to help create a leading quantum investment fund.

Peder Lundquist, CEO of EIFO, commented: “We are thrilled to see 55 North launch. Quantum will shape industries, economies, and security frameworks worldwide. That is why Europe must act decisively to secure a leading position. With an outstanding team and solid backing from us, Novo Holdings, and further investors to come, 55 North is set to play a defining role.”

The 55 North team is led by Managing Partner Dr. Owen Lozman (ex M Ventures), alongside General Partners Dr. Helmut Katzgraber (ex Amazon, ex Microsoft) and Dr. Kai Hudek (ex IonQ). The group combines deep scientific expertise with venture capital experience, supported by European VC Vsquared Ventures and US-based Cambium Capital.

Søren Møller, Managing Partner at Novo Holdings, noted: “We see quantum technologies as a transformative enabler of life science solutions that can ultimately improve the health of people and the planet worldwide.”

Denmark’s Minister for Industry, Business and Financial Affairs, Morten Bødskov, added: “In Denmark, we proudly carry on Niels Bohr’s legacy as we inaugurate the world’s largest quantum fund today. With it, we can invest in the major quantum breakthroughs of the future and more quickly get ideas out of the labs and into our society.”

55 North will invest globally in quantum technologies, focusing on computing, sensing, and communication. The firm aims to accelerate the transition of quantum innovation from research labs to commercial applications, with Denmark as its base for scaling internationally.

Read the orginal article: https://www.eu-startups.com/2025/10/copenhagen-based-55-north-announces-e134-million-first-close-for-record-e300-million-quantum-technology-fund/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

BENELUX

Amsterdam’s Saga raises over €1.5 million to expand its lawyer-centric AI platform across Europe and Latin America

October 2, 2025
UK&IRELAND

London-based Simple Life raises over €33 million in a Series B round backed by Kevin Hart to scale its AI health coach

October 2, 2025
UK&IRELAND

Lupa raises Series A to scale AI-native veterinary platform and launches Veterinary AI Lab

October 2, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Italian private equity accelerates, driven by add-ons. BeBeez reports.

Italian private equity accelerates, driven by add-ons. BeBeez reports.

September 7, 2025
AlixPartners: Automotive, retail and manufacturing sectors may go through restructuring in 2025

AlixPartners: Automotive, retail and manufacturing sectors may go through restructuring in 2025

July 11, 2025
Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Next Post

London-based Simple Life raises over €33 million in a Series B round backed by Kevin Hart to scale its AI health coach

UK renewable firm Innova submits proposals for ten data center projects with a combined capacity of 4.4GW

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart