Qndl Participations

Quantum Delta is the public-private partnership of global tech companies, government agencies and all major quantum research centers

Dutch quantum-focused investor QDNL Participations has announced the close of a €15m fund to help university quantum spinouts scale. This fund was announced on Mar 3, 2023.

It’s one of the first dedicated quantum funds in Europe, and all of the cash has been committed by a sole LP, the government-backed foundation Quantum Delta NL. 

Quantum Delta NL consists of five major quantum hubs and several universities and research centres, which are all connected. The hubs are collaborating on innovation by bringing together top-quality scientists, engineers, students and entrepreneurs, working together on the frontier of quantum technology.

QDNL Participations will invest €300k-700k in 5-10 Dutch startups at pre-seed, and will also participate in follow-on rounds. The fund says it’ll hunt for deals primarily at the following universities, which make up LP Quantum Delta’s “innovation hubs”: TU Delft, Eindhoven University of Technology, Leiden University, The University of Twente, The University of Amsterdam.

Alongside cash for equity, QDNL Participations will also offer promising quantum teams €50k as part of a SAFE (simple agreement for future equity) convertible note. SAFEs are an investment tool that allow an investor to back a startup without having to agree on a valuation then and there — they convert into equity at a later date. QDNL Participations expects to make 10-15 SAFE investments.

The fund is interested in both quantum hardware and software startups working on technology like: Chips and processors, Sensors, Algorithms, Networks and communications, Simulations and modelling.

Applicants willing to get in touch with Quantum Delta NL can do it by following this link.