Nik Storonsky's QuantumLight Closes $500 Million Second Venture Fund
The investment vehicle co-founded by the Revolut chief executive has secured half a billion dollars for its latest fund.
Venture capital firm QuantumLight has finalized the fundraising for its second dedicated investment vehicle, securing $500 million in total capital commitments.
The firm was co-founded by Nik Storonsky, who serves as the chief executive officer of digital banking platform Revolut. The fund closing was first reported by technology news site Sifted.
The $500 million figure marks a substantial expansion in capital under management for QuantumLight as it prepares to deploy fresh equity into technology startups.
Storonsky established QuantumLight to operate alongside his operational leadership at Revolut, providing an additional structure for evaluating and funding early and growth-stage technology ventures.
The completion of the second fund comes as venture funds worldwide navigate a shifting environment for capital deployment and private technology valuations.
Additional terms of the fund, including specific sector deployment strategies and institutional limited partner participation, were not publicly detailed at the time of the announcement.
Sources
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