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Quantonation

Quantonation launched in 2019 as a Paris-headquartered venture firm with a singular thesis: quantum technologies and disruptive physics would underwrite the...

Quantonation logo

Quantonation

Quantonation launched in 2019 as a Paris-headquartered venture firm with a singular thesis: quantum technologies and disruptive physics would underwrite the next generation of enterprise computing, sensing, and communications. Co-founders Christophe Jurczak and Georges-Olivier Reymond assembled a Scientific Advisory board anchored by Nobel laureate Alain Aspect, the experimental physicist whose work on quantum entanglement laid the intellectual foundation for several of the firm’s first bets. The firm deploys early-stage capital from pre-seed to Series A — with occasional Series B follow-ons — across quantum computing, quantum networks, quantum sensing, and deep-physics applications. Its initial €91m vehicle closed in 2021 and funded more than 30 companies across Europe, North America, and Asia-Pacific. The quantum-computing stack is the heaviest allocation: neutral-atom pioneer Pasqal (co-founded by Aspect), photonic processor builder Quandela, silicon-spin startup Diraq (a UNSW spin-out), and Oxford’s full-stack photonic play ORCA Computing. Adjacent bets span post-quantum cryptography (CryptoNext Security), AI-accelerated hardware design (Zoo), laser-driven particle accelerators (Tau Systems), and solid-state battery R&D (Pioniq Technologies). The firm prefers academic spin-outs — CEA-Leti, CNRS, TU Delft, University of Chicago, ETH Zurich — and co-invests alongside university venture arms and government innovation programs. Quantonation manages from offices in Paris and Boston and reported 2022 Nobel Prize recognition for its scientific advisor Alain Aspect. Its ecosystem reach includes founding the quantum innovation hub Le Lab Quantique, co-founding quantum startup studios in Québec and Italy, and serving on the advisory boards of the European Quantum Flagship and the Quantum Industry Consortium. By mid-decade the firm had expanded deployment to North American hubs (Sherbrooke, Albuquerque) and, in 2025, made its first Japanese investment in Kyoto University spin-out Yaqumo — a neutral-atom computing company targeting fault-tolerant architectures. The structural differentiator is a venture studio model layered atop a specialist VC fund. Quantonation co-founds quantum startup studios — two announced so far, QV Studio in Québec and Quantum Italia — that incubate academic projects into investable companies over two- to three-year cycles, targeting five new quantum startups per studio annually. This pipeline-generating architecture, combined with the firm’s seat at the governance tables of Europe’s quantum industry bodies, gives it an originating, rather than merely selecting, role in the quantum-tech value chain.

General information

Firm type

Private Equity

Year founded

AUM

€91m for first fund; second fund undisclosed (Altss estimate)

Location

Region

Europe

Country

France

City

Paris

Corporate office

Paris, France

Additional offices

Boston, USA

Principals

Georges-Olivier Reymond

Co-founder

Christophe Jurczak

Co-founder

Alain Aspect

Scientific Advisor

Sector focus

Quantum ComputingAI/MLCybersecurityEnergy Transition & RenewablesIndustrial TechDigital HealthFinTech

Frequently asked questions

Is Quantonation a single-family office or a traditional venture firm?

It is a specialist asset manager organized as an early-stage venture capital firm — not a family office. Co-founders Christophe Jurczak and Georges-Olivier Reymond raised capital through a traditional LP fund structure, beginning with Quantonation I (€91m, closed 2021) and now deploying a second vehicle.

What is Quantonation's stage approach and check-size range?

Quantonation targets pre-seed to Series A rounds with occasional Series B participation for exceptional portfolio companies. It has not disclosed a standard check size, but its strategy centers on founding-shareholder positions in deep-tech spin-outs whose capital needs scale through successive public and institutional rounds.

Who runs investment decisions at Quantonation?

Investment decisions are led by the co-founders, Christophe Jurczak and Georges-Olivier Reymond, who built the firm and its thesis around advances in quantum physics. Nobel laureate Alain Aspect serves as Scientific Advisor, providing technical due-diligence guidance on quantum-hardware investments.

How does Quantonation source proprietary deal flow?

Quantonation originates proprietary deal flow through its network of university spin-out relationships (CEA-Leti, CNRS, TU Delft, University of Chicago, UNSW, among others) and through co-founded quantum startup studios in Québec and Italy. These studios incubate academic projects for two- to three years into investment-ready startups, generating a pipeline that Quantonation is structurally positioned to lead-finance.

Which sectors does Quantonation explicitly avoid?

Quantonation does not invest in generalist consumer internet, enterprise SaaS, or traditional industrials. Its mandate is limited to quantum computing, quantum networking, quantum sensing, post-quantum cryptography, and selected deep-physics applications — excluding, for example, conventional software, standard medical devices, or non-quantum material science.

Does Quantonation participate in fund commitments or only direct deals?

Quantonation makes direct equity investments in operating companies; there is no public record of the firm making LP commitments to other venture funds. Its model is hands-on, often taking board or board-observer seats at the earliest stages of its portfolio companies.

What is Quantonation's known posture on co-investments alongside external GPs?

Quantonation regularly co-invests alongside corporate venture arms (such as those linked to CEA-Leti), university venture funds, and government innovation agencies. The firm’s portfolio companies often feature syndicates of deep-tech specialist VCs and regional development funds, reflecting its collaborative rather than proprietary approach to quantum-ecosystem building.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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