Fund profile / United Kingdom

Firgun Ventures Fund I

Geography: United Kingdom
Stage: Series A
Fund size: $70M
Focus: Deep Tech
Signals: Published

N°01 / About

About Firgun Ventures Fund I

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

N°02 / Thesis

Investment Focus

Location / RegionUnited Kingdom

Funding StageSeries A

Industry Focus

Deep Tech

Investor Signals Profile

active

Sweet Spot

Quantum sensing/nav founders with defense contracts, scalable commercialization

quantum computing

deep tech

frontier tech

hardware/software stack

private capital shift

quantum sensing

quantum navigation

defense/aerospace

quantum AI/NLP

entertainment/gaming adoption

post-quantum cryptography

quantum threat timeline

qubit stability

geopolitics/supply chain

global innovation hubs

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

Lockheed/Q-CTRL quantum inertial nav prototypingexternal

Quantum sensors enable GPS-denied positioningexternal

Defense Innovation Unit backing quantum sensor programsexternal

Quantum NLP & data-to-art applications emergingexternal

Gaming/entertainment accelerates quantum mainstream adoptionexternal

IonQ blueprint: Bitcoin cryptography breakable by 2027/28external

19,397 qubits + error correction needed for attackexternal

Post-quantum migration critical infrastructure priorityexternal

Firgun Ventures ecosystem: Cambridge + policy + geopoliticsexternal

Contrarian Signals

Top 10 deals = 60% of capitalexternal

Hardware supply chain increasingly lockedexternal

Extreme valuation concentration riskexternal

New entrants losing hardware access fastexternal

Lab-grade devices still far from field-readyexternal

2-year crypto-break timeline creates rush/consolidationexternal

Certificate migration infrastructure still years behind threatexternal

Qubit stability remains unsolved core blockerexternal

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

Target defense/aerospace use cases

Prove ruggedization & field readiness

Explore consumer/entertainment verticals

Address post-quantum crypto migration urgency

Quantify 2027/28 threat window impact

Solve qubit stability / coherence time problem

Map geopolitical/supply chain advantages

Founder Don'ts

Rely on gov/public funding as primary signal

Position as bespoke research play

Ignore hardware supply chain risks

Overlook military/defense applications

Ignore art/media as adoption accelerator

Dismiss cryptographic/security implications timeline

Underestimate coherence/stability as core differentiator

46 signals on Firgun Ventures Fund I

16 bullish · 8 contrarian · 12 pitch do's · 7 don'ts · 3 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$70M

Saves0

Website

People

Key People

Kris Naudts, Zeynep Koruturk

Michael BiercukFounder/CEO

Zeynep KorutürkCo-founder

Kris NaudtsCo-founder

N°04 / See also

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