Updated: July 12, 2026
Funding raised
€75.2M
About the program
Program type
Investment stage
Investment focus areas
Description
Amsterdam-based Ground State Ventures (formerly QDNL Participations) closed at $88M (€75.2M), oversubscribing its $70M target by 26%. Led by Ton van 't Noordende with quantum hardware veteran Chad Rigetti as Partner. First-cheque investor for quantum-tech startups with 15 portfolio companies at combined $1.3B valuation.