55 North closes first tranche at €134M for its €300M quantum…

Team S · 2025-10-10T09:37:05.000Z

55 North, a venture capital firm dedicated exclusively to quantum technologies, has announced the first close of its inaugural Fund I at €134 million toward a targeted €300 million. The fund was co-founded by Managing Partner Dr. Owen Lozman, and General Partners Dr. Helmut Katzgraber and Dr. Kai Hudek. Its anchor investors include the Export and Investment Fund of Denmark (EIFO) and Novo Holdings. Additional backing comes from European firm Vsquared Ventures and U.S.-based Cambium Capital. 55 North plans to invest globally across the quantum technology stack-spanning computing, sensing, and communications various development stages. The fund has already made two early investments: participating in IQM’s €275 million Series B and co-leading a €13 million Series A-2 round in Kiutra.

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55 North closes first tranche at €134M for its €300M quantum… | Newnex