QuantumLight, Founded by Revolut's Storonsky, Closes €432 Million Second Fund
The London-based venture firm doubled its debut vehicle, closing an oversubscribed second fund to expand its AI-driven approach to investing.
AfroEuropa Newsroom
AfroEuropa desk
QuantumLight, the London-based venture capital firm co-founded by Revolut chief executive Nik Storonsky in 2023, has closed its second fund at €432 million ($500 million), according to reporting by EU-Startups and Sifted.
The close represents a doubling of the firm's first fund, which raised €222 million in May 2025, roughly 15 months earlier. According to QuantumLight CEO Ilya Kondrashov, the new fund exceeded its original target and was oversubscribed.
QuantumLight invests globally across sectors including artificial intelligence, fintech, SaaS, healthtech and deeptech. Instead of relying mainly on the traditional partner-led model for sourcing and evaluating deals, the firm uses a proprietary AI system called Aleph to analyse potential investment opportunities.
Keep reading
Berlin ConTech Startup Kuro Raises €10 Million for AI Aimed at General Contractors
Kuro Technology, founded in 2024, secured €10 million in a round led by UVC Partners to expand its AI software for construction back-office work.
Other highlights
Modder Adds NVIDIA Pascal GPU Support to Windows XP
A modded driver called Forceware 382.69 brings GeForce GTX 10-series cards, including the TITAN Xp, to 32-bit Windows XP.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
