Investor
Ground State Ventures
Venture capital investor · Amsterdam
A venture capital firm investing only in quantum technology companies from pre-seed onwards, which traded as QDNL Participations until April 2026.
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About
Ground State Ventures is a venture capital investor that works only in quantum technology. It describes itself as finding quantum technology startups anywhere in the world and backing them from the beginning, which in practice means pre-seed and seed rounds, often as the first money into a company, with follow-on investment in later rounds. The four areas it names are quantum computing, quantum sensing, quantum communications and quantum infrastructure. The deals it publishes cover companies in several countries, including Dutch companies making quantum processors and quantum sensors, a Spanish company building hardware for a quantum internet, and a Swiss company making electronics that work at cryogenic temperatures. The firm used the name QDNL Participations until April 2026 and now trades as Ground State Ventures. Its website publishes no office address, country, legal entity name or registration number, and offers a single contact route.
What they offer
- Pre-seed and seed equity investment in quantum technology companies
- Follow-on investment in later rounds of portfolio companies
Good to know
- It invests only in quantum technology. Everything outside that field is out of scope however strong the company.
- A commercial investor. It takes a shareholding and invests selectively.
- It invests in companies rather than supporting people, so there is no route here for work, study or relocation help.
- Its site publishes no address, country or legal entity, so there is little public detail to check it against.
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