Novo Holdings, ACS Back €220 Million Quantonation Ventures Fund

Quantonation Ventures secured €220 million ($260 million) for its second fund, focusing exclusively on physics-based technologies like quantum computing and advanced materials. Backers include Novo Holdings (Novo Nordisk’s controlling shareholder) and Spanish data center builder ACS SA, signaling strong corporate interest in deep-tech innovation. The fund targets early-stage startups developing quantum hardware, sensors, and computational tools, aiming to bridge the gap between lab research and commercial applications. This raise follows growing global investment in quantum technologies, with Europe positioning itself as a key player alongside the U.S. and China. The capital will accelerate R&D in sectors like healthcare, energy, and AI, where quantum advancements could drive breakthroughs within the decade.