Firgun Ventures Fund I

About Firgun Ventures Fund I

Market's first VC fund focused on early growth-stage quantum technology companies. Anchor investment from Qatar Investment Authority.

Investment Focus

Location / RegionUnited Kingdom

Funding StageSeries A

Industry Focus

Deep Tech

Investor Signals Profile

active

Sweet Spot

Quantum computing founders building scalable, commercial-stage products

quantum computing

deep tech

frontier tech

hardware/software stack

private capital shift

Bullish Signals

Quantum sector raised $12.6B in 2025external

300+ corporates engaging quantum computingexternal

Private capital now 97% of quantum fundingexternal

$2.7T economic value by 2035external

1/3 of corporates spending $10M+ on quantumexternal

Avg willingness-to-pay $13M per use caseexternal

IonQ: 5 acquisitions in 2025 aloneexternal

Contrarian Signals

Top 10 deals = 60% of capitalexternal

Hardware supply chain increasingly lockedexternal

Extreme valuation concentration riskexternal

New entrants losing hardware access fastexternal

Founder Do's

Show clear path to product (not just pilots)

Highlight fault-tolerance roadmap

Demonstrate enterprise customer traction

Quantify willingness-to-pay early

Show M&A or consolidation awareness

Founder Don'ts

Rely on gov/public funding as primary signal

Position as bespoke research play

Ignore hardware supply chain risks

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Fund Overview

Fund Size$70M

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Website

Key People

Kris Naudts, Zeynep Koruturk