Ground State Ventures (ex QDNL Participations)

All figures cover the European funds tracked here since 1 January 2025, whether closed or still raising, and are compiled from public sources.

Tracked funds

1

Reported volume

€75m

Latest public closing

28 Apr 2026

Reported volume sums the public fund amounts tracked here, not the manager's firm-wide assets under management, so it may differ from totals on the manager's website.

Amsterdam-based venture capital firm investing in early-stage quantum technology.

Focus: Early-stage quantum technology companies across computing, sensing, communications and infrastructure

28 April 2026: QDNL Participations rebranded to Ground State Ventures and announced its fund had reached $88m, above target and approaching final close (company blog).