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Redstone Launches CHF 50 million Quantum Technology Venture Capital Fund to Drive Quantum Revolution

Swiss money - Francs - a business background

Insider Brief

  • Redstone Quantum is a new CHF 50 million venture capital fund dedicated to advancing the field of quantum.
  • The fund is being launched in partnership with QAI Ventures.
  • The fund invests in seed- to Series-A-stage startups worldwide, spanning the entire quantum value chain.

PRESS RELEASE — Redstone, one of the most active European early-stage investors renowned for its data-driven investment approach and sector-specific strategies, is thrilled to announce the launch of a new CHF 50 million venture capital fund dedicated to advancing the field of quantum technology. This exciting initiative is poised to propel the development and commercialization of pioneering quantum technologies, positioning Redstone as a leader in Europe’s quantum revolution.

As we are about to enter a new technological era, just as semiconductors led the way into the information age 65 years ago and the Internet revolutionized the world 30 years ago, we are currently experiencing similarly groundbreaking advancements in Quantum Technology. With its quantum strategy, Redstone stands at the forefront of this technological wave, establishing itself as one of Europe’s premier quantum technology funds, privately financed and independent.

The fund is being launched in close partnership with QAI Ventures, a Quantum Accelerator operating within the QuantumBasel ecosystem. “Alexandra Beckstein, Co-Founder and CEO of QAI Ventures, is making remarkable strides in creating a world-leading quantum ecosystem. Our fund and portfolio companies benefit immensely from being embedded within this ecosystem, allowing us to leverage access to a global quantum network and hardware resources,” stated Lukas André, Managing Partner of Redstone Switzerland.

The fund will be spearheaded by Marco Stutz, accompanied by quantum physicist Dr. Chiara Decaroli, and supported by Redstone’s comprehensive investment and data science team. Marco Stutz, a seasoned VC professional with over 14 years of industry experience and more than 60 investments under his belt, brings a wealth of investment expertise to the fund. Dr. Chiara Decaroli, who conducted her PhD research at ETH Zurich on scalable trapped ion quantum computers, combines her technical background in quantum technology with experience in assessing commercial use cases and the potential and impact of the technology.

Redstone is also excited to welcome renowned quantum and deep tech investors to the investment advisory committee, including Dr. Axel Thierauf, chairman of the IQM Quantum Council and former partner at MIG Fonds, and Michael Jackson, recognized by the Telegraph as one of the most influential tech investors in Europe.

The fund has already completed its first closing this summer with initial investments made in four promising companies. The fund’s primary focus is on seed- to Series-A-stage startups worldwide, spanning the entire quantum value chain.

“I am thrilled to join the new Redstone Quantum Fund! We are committed to shaping the future of quantum technology, fostering innovation, and driving progress in one of the most promising cutting-edge technologies of our time,” says Dr. Chiara Decaroli, Quantum Physicist and Part of the Investment Team of Redstone Quantum.

For more information about Redstone and the Quantum Fund, please visit: https://www.redstone.vc/strategies/quantum

https://qai-ventures.com/what-we-offer/quantum-fund

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Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

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