QuantumLight Secures $250 Million for AI-Driven Investment Fund

According to PANews, QuantumLight, a venture capital firm founded by Revolut's Nik Storonsky, has successfully raised $250 million for its inaugural fund. The fund, which has reached its fundraising cap, attracted investments from billionaire tech founders and major institutions. QuantumLight focuses on high-growth sectors such as AI, Web3, and fintech, utilizing AI-driven decision-making processes. The firm has already invested in several startups. The core team at QuantumLight comprises engineers, quantitative traders, and AI researchers who employ algorithms to analyze vast amounts of data, aiming to eliminate human bias in investment decisions. This approach reflects a growing market acceptance of data-driven venture capital models. In addition to the fundraising announcement, QuantumLight released its second operational manual, "Recruiting Top Talent," which outlines the recruitment framework used during Revolut's rapid expansion phase. Previously, QuantumLight participated in an $82 million Series B funding round for crypto payment company Mesh in March.