Machine-driven dealmaking is getting a bigger war chest. QuantumLight, the venture firm Nik Storonsky built after Revolut, has closed its second fund at €432M after an oversubscribed raise that beat its own target, CEO Ilya Kondrashov said.
The firm has backed 27 companies, five of them unicorns, across AI, fintech, SaaS, healthtech and deeptech – among them AI infrastructure firm Together AI, health platform Function Health, software company Factory, legal AI startup Robin AI, benefits platform Ben and UK energy company Fuse Energy.
The close lands about 15 months after a €222M debut fund in May 2025.
The strategy runs on Aleph, QuantumLight’s proprietary AI system, which screens startups at scale and leans on quantitative signals to flag investments with limited human involvement – an approach more familiar in systematic investing than venture capital.
The oversubscribed close suggests investors are betting on both Storonsky’s record – he built Revolut into one of Europe’s most valuable private fintechs – and the idea that algorithms can help spot winners.
