Amsterdam’s QDNL Participations Rebrands as Ground State Ventures, Secures Over €75.2M for Early-Stage Quantum Fund - Quantum Computing Report

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Amsterdam’s QDNL Participations Rebrands as Ground State Ventures, Secures Over €75.2M for Early-Stage Quantum Fund

Amsterdam-based specialized venture capital firm QDNL Participations has announced its formal corporate rebranding to Ground State Ventures as it prepares the final close of its inaugural early-stage quantum technology fund. The vehicle has raised over €75.2 million ($88 million), significantly outpacing its original capital target of €59.8 million ($70 million). The operational restructure and expanded capital allocation plan reflect the firm’s strategic transition from localized seed investments in the Netherlands to structured cross-border deal execution across Europe and the United States.