Key Takeaways
- • QuantumLight closes €432 million ($500 million) Fund II, exactly doubling its debut vehicle (€222 million raised in May 2025) and exceeding its original fundraising target with an oversubscribed round.
- • AI-driven investment methodology differentiates the firm: QuantumLight employs Aleph, a proprietary AI system that screens companies at scale using quantitative signals and limited human involvement—applying systematic investing principles to venture capital rather than relying on traditional partner-led sourcing models.
- • Founded by Revolut CEO Nik Storonsky in 2023, QuantumLight operates as an independent London-based VC platform investing globally across AI, FinTech, SaaS, HealthTech, and DeepTech sectors.
- • Fund II close reflects broader institutional confidence in data-driven VC strategies, positioning QuantumLight among Europe's largest recent VC raises; comparable recent closes include Transition Ventures' €128 million Fund II and Merantix Capital's €103 million AI Fund.
- • Firm demonstrates significant momentum 15 months post-Fund I launch, signaling sustained investor appetite for algorithmic venture capital approaches in a technology-focused investment landscape.
Summary
QuantumLight, the London-based venture capital firm co-founded by Revolut CEO Nik Storonsky in 2023, has successfully closed its second fund at €432 million ($500 million), marking a significant milestone in its expansion as a data-driven investment platform. The fund exceeded its original target and achieved oversubscription, according to QuantumLight CEO Ilya Kondrashov. This represents a 100% increase from the firm's debut vehicle, which raised €222 million approximately 15 months prior in May 2025.
The firm's core differentiation lies in its proprietary AI system, Aleph, which fundamentally departs from traditional venture capital methodologies. Rather than relying primarily on partner-led sourcing and assessment processes, Aleph applies quantitative analysis to screen investment opportunities at scale and identify potential portfolio companies with limited human involvement. This approach mirrors systematic investing strategies commonly deployed in other asset classes, transposing data-driven decision-making frameworks into early-stage technology investing.
QuantumLight's investment mandate spans multiple technology verticals, including artificial intelligence, financial technology, software-as-a-service (SaaS), healthcare technology, and deep technology sectors. The fund operates with a global investment scope, positioning itself as a technology-agnostic platform focused on quantitative opportunity identification rather than thematic or sector-specific concentration.
The Fund II close reflects sustained institutional confidence in algorithmic approaches to venture capital. Within the broader European VC landscape, QuantumLight's €432 million raise positions it among recent significant fund closes, including London-based Transition Ventures' €128 million Fund II and Berlin-based Merantix Capital's €103 million AI Fund. The oversubscribed close, achieved 15 months after the successful first fund deployment, demonstrates investor appetite for large-scale, technology-enabled VC strategies.
The firm's core differentiation lies in its proprietary AI system, Aleph, which fundamentally departs from traditional venture capital methodologies. Rather than relying primarily on partner-led sourcing and assessment processes, Aleph applies quantitative analysis to screen investment opportunities at scale and identify potential portfolio companies with limited human involvement. This approach mirrors systematic investing strategies commonly deployed in other asset classes, transposing data-driven decision-making frameworks into early-stage technology investing.
QuantumLight's investment mandate spans multiple technology verticals, including artificial intelligence, financial technology, software-as-a-service (SaaS), healthcare technology, and deep technology sectors. The fund operates with a global investment scope, positioning itself as a technology-agnostic platform focused on quantitative opportunity identification rather than thematic or sector-specific concentration.
The Fund II close reflects sustained institutional confidence in algorithmic approaches to venture capital. Within the broader European VC landscape, QuantumLight's €432 million raise positions it among recent significant fund closes, including London-based Transition Ventures' €128 million Fund II and Berlin-based Merantix Capital's €103 million AI Fund. The oversubscribed close, achieved 15 months after the successful first fund deployment, demonstrates investor appetite for large-scale, technology-enabled VC strategies.
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