QDNL Participations
Venture Capital
QDNL Participations is an Amsterdam-based early-stage venture capital fund launched by Quantum Delta NL to bridge the gap between academic quantum research and commercial venture investment. The fund focuses exclusively on quantum technology startups globally, with an initial emphasis on Dutch quantum companies. In April 2026, it rebranded to Ground State Ventures following an oversubscribed $88M fund close.
Amsterdam, Netherlands · 1+ investments
Pre-Seed
Seed
Deep Tech
Quantum Communications
Quantum Computing
Quantum Sensing
- Headquarters
- Amsterdam, Netherlands
- Founded
- 2023
- Website
- qdnlparticipations.nl
- AUM
- $88.0M
- Total Investment
- 1
- Last Investment
- Oct 2025
- Geographic Focus
- Europe, Global, Netherlands, United States
Investment Thesis
Accelerate the quantum information age by funding and supporting early-stage quantum technology startups. Provides patient capital to bridge the gap between grant-funded research and venture investment, focusing on quantum computing hardware, quantum sensing, quantum communications, and quantum software companies.
QDNL Participations is a Venture Capital firm based in Amsterdam, Netherlands. It has made 1 investment in Deep Tech and Quantum Communications.
Investment History
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