We’re growing our team again

Today we’re excited to welcome Nicola Weiroster to QDNL Participations.

Nicola joins us as an Associate on our investment team. This follows three years he spent as a Junior Investment Manager at Austrian deep tech venture fund Onsight Ventures, where he focused on early-stage quantum and semicon investments across Europe.

Nicola previously co-founded Team Tumbleweed, a Dutch-Austrian space startup, and holds degrees in Physics and Management.

– Ton

Portfolio news

• QuantWare and QphoX have been selected as partners in the EU’s SUPREME consortium to develop stable fabrication processes for European superconducting quantum chips with improved repeatability and yield, as part of the Chips Joint Undertaking.

• Control hardware from Qblox is part of Quantum Error Correction technology from Riverlane that has been integrated at a commercial data centre, where it is co-located with an Oxford Quantum Circuits quantum computer. Qblox’s technology provides high-fidelity control and readout of the quantum processor and creates the ultra-low-latency communication needed to support real-time quantum error correction.

• Q*Bird has been selected to receive European Innovation Council Accelerator support in the form of blended finance, a combination of grant and equity investment.

• QT Sense has partnered with Quantum Biosciences to establish a Quantum Sensing Lab in Bengaluru, India, focused on oncology, cardiology, nephrology, and neurodegenerative disorders. Meanwhile, co-founders Romana Schirhagl and Deepak Veeregowda have been interviewed by the The Superposition Guy’s Podcast

• QuantWare co-founder and CEO Matthijs Rijlaarsdam gave an interview with The Quantum Spin podcast, which acts as a useful introduction to the company’s technology and vision. 

Quantum momentum

More recent developments from the world of quantum tech:

• Public quantum companies are building up their war chests, taking advantage of high public market valuations: IonQ raised $1 billion from Heights Capital Management, while Rigetti Computing completed a $350 million at-the-market equity offering.

• Meanwhile, on the private markets, Multiverse Computing demonstrated the potential of quantum-inspired computing with a €189 million Series B led by Bullhound Capital, to ramp up commercialisation of their AI compression tech.

• The UK government will invest £500 million (approx $676 million) in quantum computing over four years to boost national security and economic resilience.

• The EU has published its Quantum Europe Strategy, with the aim of positioning the bloc as a global leader in quantum by 2030.

• Taiwan has unveiled two quantum research centres–Quantum Chip Fabrication Space (QC-Fab) and Quantum Computing Test Space (QC-Test)–to accelerate quantum technology development and attract international talent.

• EIFO (the Export and Investment Fund of Denmark) and the Novo Nordisk Foundation have announced a joint €80 million investment to establish QuNorth, a new Nordic quantum initiative. Its main purpose is to acquire and operate the world’s most powerful commercial quantum computer to date, providing the Nordic region with “unprecedented research and commercial potential.”

Look out for more news from QDNL Participations soon.