Core Insights - Novo Holdings has launched a quantum-focused venture capital fund named "55 North," raising approximately €300 million, making it the largest fund globally dedicated to quantum technology [1][3] Fund Overview - The fund is co-backed by Novo Holdings and the Danish Export and Investment Fund (EIFO), which together contributed €134 million [1] - 55 North will primarily invest in the Nordic and European regions while also targeting global opportunities [3] Key Investments - The fund has participated in two significant investments: - A €275 million Series B financing round for European quantum computing leader IQM [3] - A multi-million euro investment in Kiutra, a German supplier of low-temperature cooling systems for quantum computers [3] Related Initiatives - Earlier this year, EIFO and the Novo Nordisk Foundation jointly invested €80 million to establish QuNorth, a Nordic joint venture focused on developing a commercial quantum computer named "Magne," expected to be operational by early 2027 [3] - The Novo Nordisk Foundation's quantum technology initiatives began in 2022, with nearly $30 million invested in establishing a biomedical quantum sensing center in Copenhagen, aimed at developing early disease detection tools [3]