Prime Highlights:
- Firgun Ventures has launched a $250 million venture capital fund focused on early growth-stage quantum technology companies, achieving a first close of $70 million.
- The fund will support global innovation in quantum computing, sensing, communications, and related applications across sectors such as healthcare, finance, climate science, and cybersecurity.
Key Facts:
- The fund is anchored by an investment from the Qatar Investment Authority and will invest in Series A and B rounds of quantum startups worldwide.
- Firgun Ventures was founded by Dr. Kris Naudts and Zeynep Koruturk and is supported by an advisory council from leading institutions, including Cambridge, Oxford, MIT, Google, and the Wellcome Trust.
Background:
Firgun Ventures has announced the first close of $70 million for its $250 million venture capital fund, marking the launch of what it calls the market’s first fund dedicated to early growth-stage quantum technology companies. The fund is supported by the Qatar Investment Authority and will invest in quantum technology companies worldwide, including areas like healthcare, climate science, finance, and cybersecurity.
Founded by Dr. Kris Naudts, a former academic psychiatrist-neuroscientist at King’s College London and founder of Culture Trip, and Zeynep Koruturk, former Goldman Sachs executive and co-founder of the firm’s Tech Initiative, Firgun Ventures brings together deep scientific, entrepreneurial, and financial expertise.
The firm’s advisory council includes experts from Cambridge and Oxford Universities, MIT, Google, the European Investment Bank, and the Wellcome Trust, providing technical guidance and due diligence for potential portfolio companies.
Dr. Kris Naudts, co-founder of Firgun Ventures, explained that quantum technology is transforming industries. He said the fund aims to support companies driving this change and help founders grow their businesses in a sustainable way.
Zeynep Koruturk added, “We back founders who have moved their innovations from the lab to the market. Quantum technology needs investors who understand both worlds, combining conviction with values. That is exactly what Firgun was built to deliver.”
The fund will invest in Series A and B rounds globally, targeting companies that are advancing quantum computing, sensing, communications, and cryptography. With backing from family offices and early investors such as Ilyas Khan, founder of Cambridge Quantum Computing, Firgun aims to accelerate the growth of high-potential quantum startups and help them scale across industries worldwide.