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QuantumLight, founded by Revolut's CEO, has raised €432 million to expand its AI-driven venture strategy, surpassing its original target. This funding comes as the firm aims to enhance its data-driven investing approach.

PRIVATEAug 18, 2026•about 4 hours ago

Amount Raised

€432 Million

Round Type

Venture - Series Unknown

Greater LondonArtificial IntelligenceVenture CapitalAngel Investment

Description

QuantumLight has successfully closed its second fund at €432 million, doubling the size of its first fund. The fund was oversubscribed, reflecting strong interest in the firm's AI-driven investment strategy. CEO Ilya Kondrashov highlighted the firm's proprietary AI system, Aleph, for screening potential investments. QuantumLight has backed 27 companies so far, including five unicorns.

Company Information

Company

QuantumLight

Location

Greater London, England, United Kingdom

About

QuantumLight is a London-based venture capital firm co-founded by Revolut CEO Nik Storonsky in 2023. The firm employs a data-driven approach to investing in technology companies, utilizing its proprietary AI system, Aleph, to analyze opportunities with minimal human involvement. QuantumLight has backed 27 companies, five of which have achieved unicorn status, focusing on sectors like AI, FinTech, SaaS, HealthTech, and DeepTech. The firm recently closed its second fund at €432 million, significantly expanding its capital resources.

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