Revolut founder’s QuantumLight raises €432 million for AI-driven venture strategy
London-based VC firm QuantumLight, co-founded by Revolut CEO Nik Storonsky in 2023, has closed its second fund at €432 million ($500 million), doubling the size of its debut vehicle as it looks to expand its data-driven approach to investing in technology companies. The fund surpassed its original target and was oversubscribed, according to QuantumLight CEO […] The post Revolut founder’s…
Revolut CEO Nik Storonsky co-founded QuantumLight, a venture capital firm, in 2023. QuantumLight has just closed its second fund at €432 million ($500 million), doubling the size of its initial fund and exceeding its original target. The oversubscribed fund was raised 15 months after QuantumLight's first €222 million round, reported by EU-Startups.
The firm's AI-driven strategy aims to expand its data-driven approach to investing in technology companies globally across sectors like AI, FinTech, SaaS, HealthTech, and DeepTech. QuantumLight uses its proprietary AI system, Aleph, to analyze potential opportunities and support investment decisions. The system screens companies at scale using quantitative signals, applying systematic investing principles more commonly associated with traditional investment models.
QuantumLight has backed 27 companies, including five unicorns, such as AI infrastructure company Together AI, health platform Function Health, and legal technology startup Robin AI. The new fund's significant size indicates investors' confidence in Storonsky's track record and QuantumLight's AI-focused investment strategy.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
