Quantonation’s double-sized second fund shows quantum still has believers

Group 1 - Quantum computing is not expected to replace supercomputers by 2026, yet investor interest in quantum companies is increasing [2] - Quantonation Ventures has closed its second fund at €220 million (approximately $260 million), more than double the size of its first fund, indicating continued investor confidence in the quantum sector [3] - Despite concerns about excessive hype in quantum technology, funding has actually increased, with governments and Big Tech competing in the quantum race [4] Group 2 - Since its launch in 2018, the quantum technology sector has seen technological advancements and early demand, leading to a shift in investment opportunities for Quantonation's second fund [5] - Investment opportunities include "picks and shovels" companies that provide essential technologies for the quantum industry, exemplified by Dutch startup Qblox [6] - The complexity and specificity of quantum technology make early-stage investments challenging, but venture capitalists recognize the potential value in this area [7] Group 3 - The investment thesis of Quantonation is to invest early to capture value, with some quantum companies already going public and experiencing significant share price increases [8] - The "quantum frenzy" is partly driven by advancements in error correction, which are crucial for real-life applications in various fields, despite quantum chips not yet outperforming classical computers [8]