Copenhagen-based enterprise capital agency 55 North has introduced the primary shut of its €300 million inaugural fund, elevating €134 million with backing from anchor buyers Novo Holdings and EIFO (Export and Funding Fund of Denmark). Positioned because the world’s largest devoted quantum expertise fund, it would goal investments throughout quantum computing, sensing, and communications.
Based in 2025, 55 North takes a stage-agnostic strategy, backing each enabling applied sciences and full-stack options. The agency has already accomplished two investments: collaborating in European quantum chief IQM’s €275 million Collection B and co-leading Kiutra’s €13 million Collection A-2.
“Quantum is not a science experiment, it’s a strategic crucial,” stated Dr. Owen Lozman, Managing Associate of 55 North. “As classical computing nears its bodily and computational limits in functions like drug discovery and AI, quantum is effectively positioned to speed up these workloads. Europe should push its quantum agenda to stay a producer, not only a purchaser of quantum applied sciences. With our first shut and early investments, we’re laying the inspiration for the world’s quantum future.”
The launch of 55 North comes at a time of rising worldwide concentrate on quantum. Governments throughout Europe and the G7 have made quantum a strategic precedence, with over $40 billion dedicated in international public funding. Denmark launched its Nationwide Technique for Quantum Expertise in 2023, mandating EIFO to assist create a number one quantum funding fund.
Peder Lundquist, CEO of EIFO, commented: “We’re thrilled to see 55 North launch. Quantum will form industries, economies, and safety frameworks worldwide. That’s the reason Europe should act decisively to safe a number one place. With an impressive workforce and stable backing from us, Novo Holdings, and additional buyers to return, 55 North is ready to play a defining function.”
The 55 North workforce is led by Managing Associate Dr. Owen Lozman (ex M Ventures), alongside Basic Companions Dr. Helmut Katzgraber (ex Amazon, ex Microsoft) and Dr. Kai Hudek (ex IonQ). The group combines deep scientific experience with enterprise capital expertise, supported by European VC Vsquared Ventures and US-based Cambium Capital.
Søren Møller, Managing Associate at Novo Holdings, famous: “We see quantum applied sciences as a transformative enabler of life science options that may finally enhance the well being of individuals and the planet worldwide.”
Denmark’s Minister for Business, Enterprise and Monetary Affairs, Morten Bødskov, added: “In Denmark, we proudly keep on Niels Bohr’s legacy as we inaugurate the world’s largest quantum fund right now. With it, we will spend money on the key quantum breakthroughs of the longer term and extra rapidly get concepts out of the labs and into our society.”
55 North will make investments globally in quantum applied sciences, specializing in computing, sensing, and communication. The agency goals to speed up the transition of quantum innovation from analysis labs to industrial functions, with Denmark as its base for scaling internationally.
