Firgun Ventures has officially unveiled an ambitious new investment vehicle designed to target the rapidly evolving quantum technology landscape. The London-based British venture capital firm announced the launch of a specialized $250 million fund dedicated to early growth-stage, specifically Series A and B, quantum technology companies worldwide. This strategic initiative begins with a $70 million first close, backed by the Qatar Investment Authority as anchor investor alongside select family offices and noted quantum investor Ilyas Khan.
Securing Major Capital Commitments
The fund has successfully secured its initial capital injection, marking a strong vote of confidence from the international investment community in a challenging macro environment. Reaching a substantial first close of $70 million enables Firgun Ventures to immediately start identifying and backing high-potential quantum startups that are ready to scale. The firm ultimately aims to reach a $250 million corpus that can be deployed systematically to support the commercialization of quantum technologies across global markets.
Strategic Backing from Qatar
A pivotal element of this fundraising effort is the substantial participation of the Qatar Investment Authority (QIA) as the fund’s key anchor investor. As Qatar’s sovereign wealth fund, QIA’s involvement reflects a deliberate strategy to diversify national assets into advanced, future-oriented technology sectors such as quantum computing and quantum communications. Its long-term capital commitment gives Firgun Ventures the stability required to support capital-intensive deep tech companies through multi-year development and go-to-market cycles.
Investment Focus and Strategy
Firgun Ventures plans to direct this capital toward companies that are tackling core challenges in quantum computing, quantum sensing, and quantum communications or cryptography. The fund’s thesis is to back teams that have already moved beyond proof of concept, helping them turn promising pilots into deployable products with real industrial impact in sectors such as healthcare, climate science, finance, and cybersecurity. By concentrating exclusively on early growth-stage quantum companies and providing specialist support, Firgun aims to accelerate the transition from laboratory breakthroughs to scalable commercial platforms.
Boosting the British Tech Sector
The launch of the fund is also a timely boost for the United Kingdom’s ambitions to cement its role as a leading hub for quantum innovation. London hosts Firgun’s management team, while the broader Oxford-Cambridge-London triangle is already home to a dense concentration of quantum research and startup activity, with the UK ranked among the world’s leading quantum hubs. At the same time, the firm is clear that its mandate is global, investing across North America, Europe, and other key regions, positioning London as a bridge between UK quantum talent and international capital and markets.
The Rising Quantum Economy
The establishment of this fund aligns with a wider shift in which significant private capital is now flowing into quantum technologies. Industry analysts expect quantum platforms to redefine computing power, enable new forms of secure communication, and unlock breakthroughs in areas like drug discovery, logistics optimization, and climate modeling over the coming decade. Investors positioning themselves early in this transition aim to capture the upside as quantum companies progress from technical validation to revenue-generating deployments in the real economy.
Leadership and Expertise
Firgun Ventures is led by co-founders Dr Kris Naudts and Zeynep Koruturk, who bring a combination of scientific, entrepreneurial, and financial experience that is unusual for a first-time quantum fund. Naudts is a former academic psychiatrist and neuroscientist at King’s College London and the founder of Culture Trip, while Koruturk previously served as an executive at Goldman Sachs and co-founded the bank’s Tech Initiative. Both have been angel investing in quantum technology startups since 2016 and are supported by an advisory council that includes Cambridge physicist Mete Atature and experts from Cambridge and Oxford Universities, MIT, Google, the European Investment Bank, and the Wellcome Trust, providing deep technical and commercial due diligence capabilities.
The strategic launch of Firgun Ventures’ quantum-focused fund marks an important milestone for both the United Kingdom and the wider quantum ecosystem. With a $70 million first close anchored by the Qatar Investment Authority and a clear target of $250 million, the firm is positioned to become a specialist capital partner for early growth-stage quantum companies around the world. As Firgun Ventures begins deploying capital, its portfolio choices are likely to shape the trajectory of next-generation quantum technologies as they move from research labs into critical infrastructure for global industries.