Quantacet, a new venture capital fund based in Quebec and dedicated to quantum technology startups, has announced a first closing of $20 million.

Quantacet, the latest addition to Quebec's innovation ecosystem, has made a significant mark with its announcement of a $20 million first closing for their new venture capital fund dedicated to quantum technology startups. As a highly-anticipated player in the industry, Quantacet is set to bring a fresh perspective and additional resources to support, nurture, and attract quantum startups in Quebec. With the quantum industry in Quebec already thriving thanks to previous private and public investments, Quantacet's fund is poised to play a pivotal role in further accelerating the growth and development of this sector. By aligning with a global network of quantum funds, Quantacet is not only strengthening Quebec's position on the international stage but also showcasing the province's leadership in quantum technology. This latest milestone for Quantacet is a testament to the ongoing support and confidence in Quebec's innovative landscape, setting the stage for promising advancements, collaborations, and successes in the quantum technology space. As the fund continues to evolve and expand its reach, it is clear that Quantacet is well-positioned to make a lasting impact and drive significant progress in Quebec's quantum industry.