Novo Owner, Danish Government Back €300 Million Quantum Fund

The owners of Novo Nordisk A/S and the Danish government are new anchor investors in what they say will become the world’s largest quantum venture fund, in a bid to boost Europe’s position in technological development.

Novo Holdings A/S and Denmark’s Export and Investment Fund are investing €134 million ($157 million) in the first close of 55 North’s inaugural €300 million fund, according to a statement on Thursday.