News and updates from 55 North and the companies we back.

Owen Lozman sits on the World Quantum Cannes Festival’s Honorary Committee and is among the investors supervising its closed-door Investor Day, a meeting place for deep-tech investors, industry decision-makers, researchers and entrepreneurs. The programme covers market readiness, sector ROI timelines and the regulatory landscape, with closed-door sessions with corporate end users and institutional investors.

Ahead of the World Quantum Cannes Festival, Owen Lozman tells The Recursive why he prefers “long-term, impatient capital”: milestone-driven investment in what can be built now. Lozman, who sits on the festival’s Honorary Committee and is among the investors supervising its closed-door Investor Day, sets out the signals of a real commercial inflection point and what Europe needs: growth capital, demanding customers, industrial infrastructure and exit markets.

QMatter and partners released a full biomolecular simulation pipeline that couples a quantum processor with GPU-accelerated supercomputing, orchestrated with NVIDIA CUDA-Q. The study simulates a drug-target receptor cutting itself in two. Collaborators include the Technical University of Munich, UCL, LMU Munich, the Leibniz Supercomputing Centre, NVIDIA and IQM.

kiutra has integrated qprobe's cryo-prober into its L-Type Rapid cryostat, automating sample loading and device probing. The companies say 10 to 100 times more devices can be characterised in one cooldown, with a 20 × 20 mm² probing area, 48 DC lines, operation at about 3 K and a cooldown of about 2.5 hours. The system is now generally available.

Infleqtion received a $20m NASA follow-on contract for the Quantum Gravity Gradiometer Pathfinder, led by NASA's Jet Propulsion Laboratory, which aims to demonstrate the first space-based quantum gravity gradient sensor for Earth. Monarch Quantum supplies the integrated photonics that deliver precise, stable light for the sensor. Launch is expected in 2030.

Under a framework agreement running to June 2027, Bechtle gives the German Aerospace Center's Quantum Computing Initiative (DLR QCI) cloud access to IQM superconducting quantum computers via IQM Resonance. IQM adds a dedicated classical server in its Munich data centre for hybrid workloads, extending DLR QCI's portfolio beyond ion traps, neutral atoms, photons and NV centres.

Owen Lozman and Kai Hudek spoke on capital architecture for the quantum era at the inaugural Quantum For The Goals forum, held at UN Headquarters in New York during the UN General Assembly. Organised by Bohrealis and chaired by Tonga's Prime Minister Lord Fatafehi Fakafanua, the forum gathered government, investment, science and industry leaders. 55 North was anchor partner.

55 North is now a member of Aktive Ejere (Active Owners Denmark), the trade association for Denmark's venture capital and private equity investors. The member profile describes 55 North as a Copenhagen-based fund dedicated to quantum technology, anchored by EIFO and Novo Holdings, investing across computing, sensing and timing, communications and enabling technologies.

IQM will deliver LUMI-IQ, a superconducting quantum computer designed for logical qubits, in three stages for the LUMI AI Factory: a Halocene H4 system with 150 physical qubits and early error-correction capabilities in 2027, an upgrade in 2028 for lower logical error rates and real-time error correction, and a Halocene H5 installation in 2029.

55 North co-sponsored Q2B Copenhagen at Øksnehallen on 9–10 September, which drew more than 600 participants and 80 speakers. Owen Lozman opened the conference theme in a fireside conversation with US Ambassador to Denmark Kenneth A. Howery, "What will it take to build Quantum Value", and 55 North joined the expert panel for the Quantum Startup Pitch Competition.

On the eve of Q2B Copenhagen, the Ministry of Foreign Affairs of Denmark and 55 North hosted the Global Quantum Investment Summit for investors. The programme covered regional outlooks, the conditions shaping cross-border capital deployment and the opportunities and challenges of the quantum economy. Registration was full.

In its first half-year report since listing on Nasdaq, IQM reported H1 2026 revenue of €8.9m, an order backlog of more than €102.1m and cash of €309.4m, and guided full-year 2026 revenue of €42–47m.

IQM and Deutsche Bahn ran a hybrid quantum railway-scheduling algorithm on real operational data: 190 scheduled trips across Cologne, Munich, Berlin, Frankfurt and Hamburg over a two-day window, about 98,500 feasible train cycles, solved end to end with a divide-and-conquer QAOA scheme on IQM's Emerald processor, with data from DB Systel.

Owen Lozman marks 55 North's first year with the launch video. Twelve months after starting from scratch, 55 North has made six investments across the quantum stack: IQM, now on Nasdaq as IQMX; kiutra in helium-free cryogenics; Monarch Quantum's Quantum Light Engines; Groove Quantum's 18-qubit germanium processor; QMatter; and Quanscient.

Recorded for the SuperReturn Berlin series, Adam Torres and Owen Lozman discuss how 55 North was built from scratch with its anchor LPs, Owen's earlier role leading M Ventures, Merck's corporate venture arm, and where he sees opportunity in quantum: infrastructure, growth capital and long-term thinking.

Researchers from JPMorgan Chase, AWS, the Amazon Advanced Solutions Lab, Quantinuum and 55 North demonstrated a hybrid quantum-classical portfolio-optimisation workflow on Quantinuum's 98-qubit Helios processor. It outperformed standalone QAOA on problems of up to 225 assets, using circuits of up to 78 qubits and more than 1,000 two-qubit gates.

IQM Quantum Computers' American depositary shares began trading on the Nasdaq Global Select Market under the ticker IQMX, after its merger with the SPAC Real Asset Acquisition Corp; warrants trade as IQMX WS. Founded in 2018 out of Aalto University and VTT, IQM builds superconducting quantum computers. 55 North backed IQM in its Series B in 2025.

Owen Lozman, Helmut Katzgraber and Kai Hudek contributed to PitchBook's Bit by Qubit, an analysis of quantum computing investment in private markets. Headline findings: a record $3.9bn deployed in 2025, venture growth's share of deal value rising from about 1% to 30.4%, and $5.7bn of exit liquidity in Q1 2026 alone.

The Quantum Insider includes 55 North in its 2026 list of top quantum computing investors. The profile highlights the €134m first close of the €300m inaugural fund, its focus across computing, sensing and communications, about 75% of capital for European companies with a quarter for the Nordics, and anchor investors EIFO and Novo Holdings.

Groove Quantum, which is developing germanium spin qubits designed for scalability and semiconductor-compatible manufacturing, has placed a purchase order with Nord Cryo. Nord Cryo will support Groove with cryogenic products and expertise for demanding quantum systems.

Owen Lozman joined the Funding Landscape panel on 24 June at IQT Nordics 2026, the fourth annual edition, held at OsloMet in Oslo. The three-day conference featured more than 70 speakers across 12 sessions on a single track and opened with a ceremony at Oslo City Hall, hosted by the Mayor of Oslo.

On the Semiconductor Leadership Podcast, Owen Lozman tells Salah Nasri why quantum technology today is closer to the transistor-radio era than the AI era, and what the semiconductor industry's experience can teach the quantum industry.

On Yuval Boger's podcast, Helmut Katzgraber explains 55 North's €134m first close towards a €300m fund, its pre-seed to Series B remit across quantum and adjacent technologies, and its global mandate with a Nordic and European focus. He also discusses where quantum creates value first, including materials simulation.

In an opinion piece in Børsen, Gustav Steuch asks whether Denmark can keep pace as billions are invested in quantum technology worldwide.

Owen Lozman joined the venture capital panel at Q2B Tokyo 2026. His takeaway: quantum is moving from breakthrough science to business execution, with the conversation shifting from technical milestones to customer value, deployment roadmaps and commercial partnerships, especially across Asia.

55 North is part of the founding cohort of the Global Quantum Industry Group (GQIG), which brings together hardware buyers, suppliers and capital across the quantum computing ecosystem. 55 North is listed in the GQIG member directory.

Finnish simulation software company Quanscient raised a €10m Series A led by 55 North, taking its total funding to about €19m. Austrian industrial holding B&C Group joined as a new investor, alongside returning investors Maki.vc, Crowberry Capital, QAI Ventures and First Fellow Partners. It is 55 North's first investment in simulation software.

Troels Askerud of Bohrealis and Owen Lozman argue that the environmental movement should embrace the second quantum revolution. The piece follows EarthX 2026 in Dallas, where Bohrealis and 55 North launched the Quantum For The Goals series and Owen gave a spotlight presentation at the Island Resilience Summit chaired by Tonga's Prime Minister.

Groove Quantum unveiled an 18-qubit germanium spin-qubit processor, the largest of its kind, and €16m in funding: €10m of equity in a seed round co-led by Innovation Industries and 55 North, plus €6m in grants from the EIC Accelerator and Chips JU. Groove aims to scale towards 100 qubits. Kai Hudek called the founders globally recognised leaders in spin qubits.

Monarch Quantum will act as photonics systems integrator for neutral-atom company Oratomic, supplying Quantum Light Engines and supporting systems engineering, productisation and large-scale manufacturing. The partners aim to deliver systems with tens of thousands of physical qubits, encoding thousands of error-corrected logical qubits, by the end of the decade.

QMatter raised $1.2m in pre-seed funding led by 55 North, with XTX Ventures, Bellstate Oy and the Conception X Angel Syndicate. The funding scales its quantum compression platform, which reduces the size of simulation problems for quantum and classical computers. Helmut Katzgraber said chemistry and pharma are likely among the first commercially valuable quantum applications.

Owen Lozman shares QMatter's $1.2m pre-seed round, led by 55 North with XTX Ventures, Bellstate Oy and the Conception X Angel Syndicate. Founded in 2024 by Alexis Ralli and Timothy Weaving with Peter Coveney and Peter Love, QMatter is building a quantum compression platform for simulation in drug discovery and materials science.

Presented at the APS Global Physics Summit, kiutra's X-Type separates cooling and payload into independently scalable modules. It offers 20 µW of cooling power at 20 mK, a 12 mK base temperature and capacity for up to 768 lines, without helium-3, using continuous adiabatic demagnetisation refrigeration. First deployments are planned for 2027.

Quanscient and Haiqu announced a quantum algorithm for scalable computational fluid dynamics simulation, and ran a 15-step nonlinear benchmark on IBM's Heron R3 quantum processor.

Monarch Quantum closed an oversubscribed $55m growth round led by Serendipity Capital, with participation from 55 North and Global Innovation Labs. Founded in 2025, Monarch passed $115m in combined capital and customer contracts within six months, with customers including Quantinuum, Infleqtion and NASA. The funding scales manufacturing of quantum photonics infrastructure.

Owen Lozman, Helmut Katzgraber and Kai Hudek met US Ambassador to Denmark Ken Howery and the US Embassy team to discuss how Denmark and the United States can collaborate on quantum technology. The meeting was arranged with support from the ministry team.

At the CEPS Ideas Lab in Brussels, Helmut Katzgraber joined Axel Voss MEP, Ebba Carbonnier of QuNorth and Alexander Glätzle of Planqc on how Europe can use its quantum computing capacity for strategic autonomy and tackle structural challenges, including investment. The session was moderated by Andrea Rodriguez of CEPS.

On Mazanti-Andersen's Fremtidens kapital podcast, Helmut Katzgraber of 55 North and Sparrow Quantum CEO Kurt Stokbro unpack quantum technology for a business audience: how quantum communication, sensing and computing work, and what they could mean for business and society.

SDG News looks at how quantum technology has moved from theory, academic papers and government labs into the market. The article features Owen Lozman and 55 North, and covers the role of sovereign capital and why EIFO chose to anchor a quantum-specialised fund across computing, sensing and communications.

On Mazanti-Andersen's Fremtidens kapital podcast, Owen Lozman and Kai Hudek of 55 North and Michael Jobst of Vsquared Ventures discuss the launch of 55 North as the world's largest dedicated quantum technology fund, Denmark's role in quantum, and why now is the time to invest in the technology.

In Vsquared Ventures' The Deep Brief, Owen Lozman explains why quantum has become a strategic imperative and how 55 North, the largest quantum-focused fund, invests from seed to scale across quantum computing, sensing and communications.

Owen Lozman, Helmut Katzgraber and Kai Hudek attended Q2B Silicon Valley 2025, where Helmut gave the Quantum World keynote on 9 December. At the event, Q2B announced that its 2026 conference would come to Copenhagen, which 55 North went on to co-sponsor.

After the launch of Fund I, EIFO, the Export and Investment Fund of Denmark and an anchor investor in 55 North, interviewed General Partner Helmut Katzgraber. He explains how 55 North invests in quantum for societal and scientific impact as well as long-term returns. Owen Lozman shared the interview on LinkedIn.

55 North's first investment. At the first close of Fund I on 2 October 2025, 55 North announced it had backed IQM in its €275m Series B, the largest round raised by a European quantum technology company. IQM, founded in 2018 out of Aalto University and VTT, builds superconducting quantum computers and listed on Nasdaq in July 2026.

kiutra closed a €13m Series A-2 co-led by NovaCapital and 55 North, with High-Tech Gründerfonds and existing backers participating. The round takes kiutra's total private and public funding past €30m and supports global expansion and helium-3-free cooling, including modular systems for complex quantum chips and full-stack quantum computers.

55 North announced a €134m first close of its €300m Fund I, described as the world's largest dedicated pure-play quantum venture fund, anchored by EIFO and Novo Holdings. The first investments were IQM's €275m Series B and kiutra's €13m Series A-2. Owen Lozman said Europe must remain a producer, not just a buyer, of quantum technologies.

Alongside the launch of Fund I, 55 North joined the Danish Quantum Community as a partner. Owen Lozman said the aim is to back founders, bridge science and industry and build a thriving global quantum economy. DQC Managing Director Kristine Helen Falgren welcomed the partners' expertise and their commitment to the Danish quantum ecosystem.