QuantumLight

About

QuantumLight is a London-based quantitative venture capital firm founded in 2022 by Nik Storonsky, the CEO and co-founder of Revolut (valued at $45 billion with 60 million+ users across 39 countries) ¹². The firm positions itself as “the first truly systematic venture capital and growth equity firm,” using a proprietary AI model called Aleph to identify high-potential technology companies ².

QuantumLight closed its inaugural $250 million Fund I at hard cap in May 2025, backed by a global group of LPs including billionaire tech founders and prominent institutions ³⁴. Storonsky personally contributed approximately $60 million to the fund ¹. The firm made its first investment in July 2023 ¹.

The firm is led day-to-day by CEO Ilya Kondrashov, a Cambridge graduate, former Goldman Sachs analyst, and co-founder of Kriya, a B2B fintech platform that processed over 30 billion pounds in payments ¹². The team of approximately two dozen people includes data engineers, quant traders, AI scientists, and seasoned company founders ¹⁵.

As of early 2026, QuantumLight is reportedly in talks with LPs for a second fund targeting approximately $500 million ⁶.

In addition to capital, the firm offers portfolio companies a “Scale-up Operating System” — a set of operational playbooks drawn from Storonsky’s experience scaling Revolut, covering topics like driving high performance and hiring top talent ²³.

Stated Thesis

QuantumLight publicly describes its approach as “systematic investing” driven by its proprietary AI model, Aleph, which tracks over 700,000 venture-backed companies across more than 10 billion data points collected since the 1990s to identify “outlier growth-stage companies” ².

Storonsky has stated: “Our ambition is to build the world’s best systematic venture capital and growth equity firm — and support the new generation of founders by sharing some of the operating principles that we developed at Revolut” ³.

Kondrashov has stated: “Our goal is to make the invisible operating systems behind iconic companies like Revolut visible and replicable. Founders shouldn’t have to reinvent the wheel when it comes to building high-performing teams” ³.

The firm claims its Aleph system “beats the top quartile VC benchmark by 2X” ².

Inferred Thesis

Based on 25 verified portfolio companies identified from the QuantumLight website and other sources ²⁷:

Sector distribution (of 25 verified investments): - AI/ML: 7 of 25 (28%) — TogetherAI, DynamoAI, Deepscribe, RadAI, Lovable, FactoryAI, Vibrant Labs (note: Vibrant Labs also appears in Heavybit’s portfolio) - Fintech/Payments: 5 of 25 (20%) — Midas, Sipay, NG.Cash, Mesh, Blockaid - SaaS/Enterprise: 5 of 25 (20%) — HockeyStack, Builder.io, Ben, Hockeystack, Campfire - Healthtech: 3 of 25 (12%) — Function Health, Deepscribe, RadAI - Web3/Crypto: 2 of 25 (8%) — Mesh, Blockaid - Climate/Energy: 2 of 25 (8%) — Monta, Fuse Energy - Other: 3 of 25 (12%) — MarqVision (IP protection), Berry Street (real estate), Robin, Ghost, Vibe

Note: Some companies span multiple sectors; percentages reflect primary classification and total exceeds 100%.

Stage focus: Growth-stage investing, typically allocating approximately $5 million per investment ¹. The fund targets companies that have demonstrated initial traction rather than pre-seed or seed.

Geographic patterns: Investments span the US, Europe, and emerging markets, with no strict geographic concentration. The firm itself is London-based, and several portfolio companies are European (Monta in Denmark, Lovable originally from Europe, Sipay in Turkey) ²⁷.

Investment pace: Approximately one deal per month, targeting consistent deployment over three years ¹.

Unicorns: 3 portfolio companies have reached unicorn status: Function Health, TogetherAI, and Lovable ⁷.

Notable patterns: - Heavy AI orientation across the portfolio, including both pure-play AI companies and AI-enhanced businesses in other sectors - Broad geographic spread unusual for a London-based fund - The data-driven model (Aleph) represents a differentiated sourcing approach compared to traditional relationship-driven VC - Strong emphasis on operational support through playbooks, borrowing from Storonsky’s Revolut scaling experience

Portfolio

Note: This table represents approximately 24 of 25 known QuantumLight investments. Investment years are approximate based on available data; the firm made its first investment in July 2023 ¹. Specific round details are limited for most investments.

In Their Own Words

“Our ambition is to build the world’s best systematic venture capital and growth equity firm — and support the new generation of founders by sharing some of the operating principles that we developed at Revolut.” — Nik Storonsky, Founder, GlobeNewswire press release, May 2025 ³.

“Our goal is to make the invisible operating systems behind iconic companies like Revolut visible and replicable. Founders shouldn’t have to reinvent the wheel when it comes to building high-performing teams. By sharing these tools and frameworks, we’re helping scale-ups move faster from day one.” — Ilya Kondrashov, CEO, GlobeNewswire press release, May 2025 ³.

“These systematic strategies will command a meaningful share. Like Revolut is challenging the traditional banks, QuantumLight has ambitions to take on giants.” — Nik Storonsky, Founder, Fortune, July 2024 ¹.

What Founders Say

“QuantumLight’s frameworks around hiring helped us bring structure and consistency to how we evaluate candidates.” — Mark Lee, Founder & CEO of MarqVision, GlobeNewswire press release, May 2025 ³.

No additional independently sourced founder testimonials found beyond firm press materials.

Sources