QuantumLight, the AI-powered enterprise capital agency based by Revolut founder Nik Storonsky, has closed its inaugural $250m fund.
QuantumLight, the enterprise capital agency based by Nik Storonsky, yesterday (20 Could) introduced it had closed its inaugural $250m fund. It’s backed by a world group of undisclosed LPs, together with “billionaire tech founders and outstanding establishments”.
Since its launch in 2023, QuantumLight has already backed founders throughout AI, Web3, fintech, SaaS and health-tech.
Based by Nik Storonsky, the entrepreneur behind $45bn fintech large Revolut, QuantumLight is just not your typical enterprise capital fund. It’s on a mission to convey scientific precision – learn synthetic intelligence – to enterprise capital investing, via its proprietary AI mannequin, Aleph, purpose-built to determine outlier growth-stage firms.
“Our ambition is to construct the world’s greatest systematic enterprise capital and progress fairness agency – and assist the brand new era of founders by sharing among the working rules that we developed at Revolut,”stated Storonsky.
On the similar time, QuantumLight launched Revolut’s recruitment playbook, which goals to profit the following era of founders. Hiring Prime Expertise, co-authored with Nik Storonsky is following the success of the beforehand launched guide Driving Excessive Efficiency.
“Our aim is to make the invisible working techniques behind iconic firms like Revolut seen and replicable,” stated Ilya Kondrashov, CEO of QuantumLight.
“Founders shouldn’t must reinvent the wheel relating to constructing high-performing groups. By sharing these instruments and frameworks, we’re serving to scale-ups transfer quicker from day one.”
In line with Bloomberg, the most important contribution of capital to the oversubscribed fund, round 25pc, got here from the agency’s two basic companions, Storonsky and Kondrashov. Storonsky based QuantumLight alongside Kondrashov in 2022.
Kondrashov instructed Bloomberg that QuantumLight has already approached 17 early-growth stage start-ups and is trying to deploy between $30m to $60m in offers. The AI-powered enterprise capital agency has a workforce of about 23, that features scientists and technologists who beforehand labored on the likes of Sigma AI, Meta and Revolut.
Storonsky claims that utilizing computer-led evaluation can enhance a VC’s funding file by round 10pc. Famously, some 90pc of VC investments typically fail, with the corporations counting on the 10pc star firms that succeed.
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