2xN Launches $120M Quantum Computing Fund

2xN

2xN, a London, UK-based venture capital firm, has launched a $120m fund focused on investing in quantum computing startups.

Backers in the fund included the Danish Growth Fund and several family offices.

Founded by Lars Fjeldsoe-Nielsen, a Silicon Valley operator turned investor, and Niels Nielsen, an entrepreneur and pioneer investor in Quantum Computing, the firm invests from $3m to $5m from pre-seed to Series A rounds in each quantum startup and company in the sectors of mobility, collaboration, marketplace and edtech.

The fund plans to back up to 25 startups in Europe and the U.S.

We’re proud to have invested in 23 companies, across two continents: the US and Europe. We have co-invested and seen follow-on rounds with firms such as Accel, Andreessen Horowitz, Balderton Capital, Founders Fund, Kleiner and Sequoia as well as more than 85 angels.

FinSMEs

16/08/2022