QuantumLight, a quantitative venture capital firm established by Revolut’s Nik Storonsky, has successfully closed a $250 million fund to support founders in sectors such as AI, Web3, Fintech, SaaS, and Healthtech.
The $250 million Fund I reached its hard cap and is backed by a global network of prestigious limited partners, including billionaire tech founders and major institutions. Since its launch in 2022, all 17 of the company’s investments have been identified through its proprietary AI model.
CEO Ilya Kondrashov stated, “We believe that machines can do it better. They possess perfect memories and are not influenced by emotions or fears of missing out on trendy deals.” The fund’s AI model, Aleph, is specifically designed to uncover exceptional growth-stage companies.
Nik Storonsky mentioned, “Our goal is to establish the world’s leading systematic venture capital and growth equity firm, supporting a new generation of founders by sharing the operational principles we developed at Revolut.” This includes creating playbooks for portfolio companies to leverage lessons from Revolut’s success in attracting top talent and fostering high-performance cultures.
Kondrashov added, “Our aim is to make the invisible operating systems behind iconic companies like Revolut visible and replicable. Founders shouldn’t have to reinvent the wheel to build high-performing teams. By providing these tools and frameworks, we help scale-ups accelerate their growth from day one.”