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2xN is a London-based venture capital firm co-founded by Lars Fjeldsoe-Nielsen and Niels Nielsen. Established in 2021, the firm focuses on early-stage investments in quantum computing and related technologies. The firm launched its first fund with approximately $50 million, which has already made 21 investments. In 2023, 2xN launched its second fund, raising $120 million, with plans to invest in up to 25 companies, averaging $5 million per investment.
2xN's backers include the Danish Growth Fund and family offices associated with notable companies like Voi and Vivino. The firm operates primarily in Europe and the United States, leveraging its strategic location in London to tap into both markets. The co-founders bring extensive experience in technology and investment, positioning 2xN as a key player in the quantum technology sector.
2xN primarily invests in quantum computing startups and quantum-adjacent opportunities. The firm targets very early-stage ventures, focusing on sectors such as mobility, collaboration, marketplaces, and edtech. 2xN applies a network effects philosophy, seeking companies that can leverage these effects to scale effectively. The firm believes that quantum technology serves as a transformative infrastructure layer that can significantly impact various industries.
Investment checks range from $5 million, aligning with their strategy to support groundbreaking technologies. 2xN looks for founders who demonstrate a strong vision and the ability to harness the potential of quantum computing. The firm emphasizes the importance of innovation and scalability in its investment decisions.
2xN's portfolio includes notable companies that reflect its focus on quantum technology and its applications. Key investments include:
These investments illustrate 2xN's commitment to supporting innovative startups that are at the forefront of quantum technology. The firm aims to nurture companies that can leverage quantum computing to create significant impact across various sectors.
Lars Fjeldsoe-Nielsen — Co-Founder. Lars is a Silicon Valley operator turned investor with extensive experience in technology and venture capital.
Niels Nielsen — Co-Founder. Niels is an entrepreneur and pioneer investor in quantum computing, bringing valuable insights into the sector.
To pitch 2xN, founders should visit their website at 2xn.vc or email info@2xn.vc. A well-structured pitch deck that outlines the business model, market opportunity, and growth strategy is essential. Response times may vary, so founders should be prepared for potential follow-up discussions.
In 2023, 2xN launched its second fund, raising $120 million to invest in early-stage quantum computing startups. This fund aims to support up to 25 companies with an average check size of $5 million. The firm continues to expand its portfolio, focusing on innovative technologies that leverage quantum computing.
What are 2xN's investment criteria?
2xN focuses on early-stage startups in the quantum computing sector and adjacent opportunities. They look for companies that can leverage network effects and demonstrate strong growth potential.
How can I pitch to 2xN?
Founders can pitch their startups by visiting the firm's website at 2xn.vc or by emailing info@2xn.vc. A clear presentation of the business model and growth strategy is essential.
What makes 2xN different from other VC firms?
2xN combines the resources of institutional investors with the hands-on support typical of angel investors. This unique approach allows them to provide strategic guidance and access to a broad network of industry connections.
What is the geographic scope of 2xN's investments?
2xN invests primarily in Europe and the United States, leveraging its London headquarters to access both markets effectively.
What is the typical check size for investments?
2xN typically invests around $5 million in each startup, aligning with their strategy to support early-stage ventures.
What kind of post-investment involvement does 2xN have?
2xN provides ongoing support to its portfolio companies, leveraging the expertise of its co-founders to help founders scale their businesses effectively.
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