🇩🇰 Announcing the launch of 55 North – A major milestone for European deep tech
The world’s largest quantum tech VC has arrived. We launched 55 North and our Fund I at €300m today, with a successful first close of €134m.
Headquartered in Copenhagen, we at 55North are purpose-built to scale quantum technologies from lab to market – spanning computing, sensing, communications, and enabling tech. Our mission is clear: to ensure Europe leads not just in research, but in the commercialisation of quantum breakthroughs.
Why now?
2025 is the UN’s International Year of Quantum Science & Technology. Global quantum investment exceeded $1.25B in Q1 alone, marking the shift from long-term research to commercial readiness.
Why 55 North?
We bring together a team of seasoned investors and quantum technologists that combines deep scientific insight with venture execution rigour:
Owen Lozman (ex M Ventures – Managing Partner)
Helmut G. Katzgraberr (ex Amazon Web Services (AWS), ex Microsoft – CSO & General Partner)
Kai Hudek (ex IonQ – General Partner)
With anchor investments from EIFO and Novo Holdings and amazing support from our partners David Moehring & Landon Downs (Cambium Capital Management) and Herbert Mangesius, Patrick Hümmer, Gina Krymalowski (Vsquared Ventures) Michael Jobst (Vsquared Ventures & Venture Partner @55 North) and whose long-term vision for quantum is truly inspiring.
Already in motion:
Investment in IQM Quantum Computers (€275M Series B) – Europe’s quantum computing leader and hot off the press! !!Announced today!! Co-lead in kiutra (€13M Series A-2) along with NovaCapital – Cryogenic cooling tech without liquid helium
Our vision:
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.
Why Copenhagen
Denmark, the birthplace of modern quantum thanks to Niels Bohr’s collaborative efforts to bring together the whole community around a common goal, offers the perfect foundation. Strong national support, from the Minister for Industry, Business and Financial Affairs, Morten Bødskov, Deputy Prime Minister and Minister of Defence, Troels Lund Poulsen and Minister for Higher Education and Science, Christina Egelund, makes Copenhagen the ideal base for a European fund with a truly global mandate.
We are excited for all there is to come and invite you to
*Join us as we light up the European quantum sky*
For more information, please take a look at our website, see our press release and check out the news coverage by Bloomberg and Sifted, linked in the comments.
Originally published on 2 October by 55 North.
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