Audacia has announced a first closing of €70 million for Quantonation II, Quantonation Ventures' second fund dedicated to quantum technologies.

Following the success of Quantonation I, which managed to raise €91 million at its final closing, its successor Quantonation II aims to more than double in size to
€200 million.

' Since 2018, Quantonation Ventures has been supporting entrepreneurs in the deep tech sector, working to transform quantum science and innovative physics into systems and applications for communication, computing and sensors ' says management.

Charles Beigbeder, Chairman and CEO of Audacia said: ' We are delighted with this first Quantonation II closing of €70 million, which is fully in line with our ambition to reach €200 million for this second fund. '

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