Denmark has taken a major step toward becoming a global quantum technology hub with the launch of 55 North, the world’s largest venture fund dedicated exclusively to quantum technologies. Announced by Novo Holdings, the Danish Government and EIFO, the fund marks a strategic milestone in positioning Europe as a global leader in quantum innovation.
The Copenhagen-based venture fund 55 North has completed the first close of its EUR 300m fund, raising EUR 134m from key investors Novo Holdings and EIFO, with support from Vsquared Ventures and Cambium Capital.
55 North will invest in quantum startups across all stages and geographies, targeting technologies within hardware, software, communications, sensing, and enabling infrastructure.
Accura advised Novo Holdings and EIFO through the entire process in connection with the establishment of 55 North.