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# Copenhagen's 55 North closes EUR 134 million for EUR 300 million quantum fund
- URL: https://sovereigntymonitor.eu/news/2025-10-02-55-north-quantum-fund-first-close/
- Published: 2025-10-02T12:00:00.000Z
- Updated: 2026-10-13T12:00:11.000Z
- Description: Copenhagen based 55 North announced a EUR 134 million first close of its EUR 300 million quantum technology fund, anchored by Denmark's EIFO and Novo Holdings. The fund has already backed European quantum firms IQM and Kiutra.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, #news, #verified, #editor-read

Verified Editor-read [55 North press release via Business Wire, 2 October 2025](https://www.businesswire.com/news/home/20251002543160/en/55-North-Announces-First-Close-for-Record-%E2%82%AC300M-Quantum-Technology-Fund?ref=sovereigntymonitor.eu)

**What it does not test.** Does not establish that the fund will reach its full EUR 300 million target.

**How this item counts.** This item is dated before the index starts on 1 January 2026, so it does not count in the [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/).

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above; read and approved by the editor on 2026-10-13\. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)