# QuantumLight closes $500 million second venture fund

_Tuesday, August 18, 2026 at 4:51 AM EDT · Capital · Latest · Tier 2 — Notable_

![QuantumLight closes $500 million second venture fund — Primary](https://media.thenextweb.com/2026/08/Nik-Storonsky-Revolut.jpg)

QuantumLight, the algorithmic venture firm co-founded by Revolut's Nik Storonsky, has closed a $500 million second fund. The fund is twice the size of the firm's $250 million debut vehicle from last year.

QuantumLight says it uses a systematic, data-driven model to screen companies at scale and generate quantitative investment decisions rather than relying on traditional partner-led selection. The firm has not detailed its outside backers, and its first fund is too young to have produced exits that would establish the strategy's long-term performance.

## Sources

- [The Next Web](https://thenextweb.com/news/quantumlight-storonsky-500m-second-fund-algorithmic-vc)

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Canonical: https://techandbusiness.org/newswire/wUSvFTr4YXoA4VChnto-WR
Retrieved: 2026-08-18T12:17:37.414Z
Publisher: Tech & Business (techandbusiness.org)