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55 North has announced the first close of its €300M inaugural Quantum Technology Fund. The fund aims to strengthen the global quantum ecosystem and has secured €134 million from leading investors.

PRIVATEOct 02, 2025

Amount Raised

€300 Million

Round Type

Funding Round

TorontoPublishing

Investors

Cambium CapitalVsquared VenturesNovo HoldingsEifo

Description

55 North, the largest dedicated quantum technology venture capital fund, announced its first close of €300M Fund I at €134 million. The fund will invest across the globe, focusing on strategic quantum technologies. Key investors include EIFO and Novo Holdings. The establishment of this fund is a significant step for the quantum ecosystem in Denmark.

Who else raised in Publishing around the same time

Companies in the same sectors as 55 North that raised within 45 days of this round, from Fundz verified event records.

  • Meolaa raised $6M (Pre-Series A) on October 9, 2025.
  • Tabletop Tycoon raised $1.3M (Seed) on October 7, 2025.
  • ProrataAI raised $40M (Series B) on September 5, 2025.
  • Dispatch raised $18M (Series A) on September 4, 2025.

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Company Information

Company

55 North

Location

19 Waterloo Street

Toronto, Ontario, Canada

About

55 North Mining Inc. is an exploration and development company advancing its high-grade Last Hope Gold Project located near Lynn Lake in Manitoba, Canada.

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