Tommaso Conca

Background

Tommaso Conca (known professionally as Tom Conca) is a Partner at QuantumLight, the AI-driven venture capital firm founded by Revolut CEO Nik Storonsky ¹². Conca is based in London, United Kingdom ³.

Conca holds a Master of Science in International Management from Universita Commerciale Luigi Bocconi (Bocconi University) in Milan ³. Prior to joining QuantumLight, Conca held roles at SellerX (a Berlin-based Amazon aggregator), UBS, and Rabobank ⁴. At SellerX, he was involved in the company’s investment and acquisition activities related to e-commerce businesses ⁵.

At QuantumLight, Conca is listed as a Partner on the firm’s website and is part of the core investment team alongside CEO Ilya Kondrashov, fellow partners Dora Zikouli and Louis Fontaine, and Chief of AI Andrew Stepanov ¹. Some sources also describe his role as Investment Principal ³⁴.

Conca has been with QuantumLight since at least early 2024, working across the firm’s portfolio of AI, fintech, SaaS, healthtech, and Web3 investments ¹³.

Stated Thesis

QuantumLight publicly describes its focus as identifying “outlier growth-stage companies” using its proprietary AI model, Aleph, which tracks over 700,000 VC-backed companies across more than 10 billion data points ¹. Conca has not made extensive public statements articulating a personal investment thesis distinct from the firm’s.

In a LinkedIn post announcing the closure of QuantumLight’s $250 million Fund I, Conca described the firm’s hiring playbook as representing “the same approach that helped Revolut scale from a handful of people to thousands — now in a step-by-step guide for founders and talent leads” ⁶. This suggests an emphasis on operational support and systematic scaling as core to the firm’s value proposition to founders.

The firm invests across AI, Web3, fintech, SaaS, and healthtech, targeting growth-stage companies that have demonstrated initial traction ¹⁷.

Inferred Thesis

Conca’s individual investment activity cannot be disaggregated from QuantumLight’s firm-level portfolio based on publicly available information. The analysis below reflects the firm’s portfolio, in which Conca participates as a Partner.

Based on 26 verified QuantumLight portfolio companies identified from the firm’s website, press releases, and third-party sources ¹⁷⁸:

Sector distribution (of 26 verified investments): - AI/ML: 8 of 26 (31%) — Together AI, DynamoAI, DeepScribe, Rad AI, Lovable, FactoryAI, Builder.io, Vibe - Fintech/Payments: 6 of 26 (23%) — Midas, Sipay, NG.Cash, Mesh, Blockaid, Aspora - SaaS/Enterprise: 4 of 26 (15%) — HockeyStack, Ben, Campfire, MarqVision - Healthtech: 2 of 26 (8%) — Function Health, DeepScribe (also counted under AI) - Climate/Energy: 2 of 26 (8%) — Monta, Fuse Energy - Other: 4 of 26 (15%) — Berry Street (real estate), Robin AI (legal tech), Ghost, Vibe

Note: Some companies span multiple sectors. Percentages reflect primary classification and may exceed 100%.

Stage focus: QuantumLight targets growth-stage companies, typically investing in Series A through Series C rounds ⁸⁹. The firm reportedly allocates approximately $5 million per deal ⁹. The portfolio skews toward Series B and C, with investments in established rounds including Fuse Energy (Series B, $70M round), Midas (Series B, $80M round), Sipay (Series B, $78M round), and Robin AI (Series B, $26M round) ^10111213.

Geographic patterns: The portfolio is broadly distributed. Approximately 70% of portfolio companies are US-based, with significant European and emerging-market exposure including Turkey (Sipay, Midas), Denmark (Monta), UK (Ben, Robin AI, Fuse Energy), and Brazil (NG.Cash) ⁸⁹.

Investment pace: Approximately one deal per month, with 17 investments made in the first two years and 26+ as of early 2026 ¹⁹.

Co-investor patterns: QuantumLight frequently co-invests alongside tier-one venture firms. Notable co-investors across the portfolio include Sequoia (Aspora), Temasek (Robin AI), Ribbit Capital (Blockaid), Paradigm (Mesh), QED Investors (Midas), Accel (Lovable), Hedosophia (Vibe), and Lowercarbon Capital (Fuse Energy) ^{1011121314151617}.

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

Notable patterns: - Strong AI orientation across the portfolio, with both pure-play AI companies and AI-enhanced businesses in verticals like healthcare and legal tech - Significant fintech weighting, reflecting Storonsky’s Revolut background - Broad geographic spread unusual for a London-based fund, with meaningful US and emerging-market exposure - All investments reportedly recommended by the firm’s AI model Aleph with no exceptions ⁹

Portfolio

The following table reflects QuantumLight’s firm-level portfolio. Conca’s individual deal attribution is not publicly disclosed.

Note: This table represents 25 of approximately 26-28 known QuantumLight investments. Entries marked with “~” indicate approximate years based on portfolio listing dates; the firm made its first investment in July 2023 ⁹. Specific round details are unavailable for earlier investments sourced only from the firm’s website.

In Their Own Words

“Fund I is now officially closed at the $250m hard cap.” — Tom Conca, LinkedIn post, May 2025 ⁶.

Conca described QuantumLight’s hiring playbook as representing “the same approach that helped Revolut scale from a handful of people to thousands — now in a step-by-step guide for founders and talent leads” ⁶.

No additional interviews, podcast appearances, blog posts, or public statements by Tommaso Conca were found through dedicated searching. Conca maintains a relatively low public profile compared to QuantumLight’s founder Nik Storonsky and CEO Ilya Kondrashov.

What Founders Say

No independently sourced founder testimonials specifically referencing Tommaso Conca were found.

The following quotes reference QuantumLight as a firm (not Conca individually):

“QuantumLight’s frameworks around hiring helped us bring structure and consistency to how we evaluate candidates. Leveraging the talent framework and interview playbooks gave us a clear starting point and helped us accelerate our hiring efforts.” — Mark Lee, Founder & CEO of MarqVision, GlobeNewswire press release, May 2025 ⁷.

“We recently implemented a structured performance review system, taking inspiration from QuantumLight’s playbook. These best practices helped us gain a better understanding of our talent base and promote a higher bar for employee performance.” — Josh Kaplan, Co-founder at Ghost, QuantumLight press materials ²³.

“We were inspired by QuantumLight’s playbook when designing our own performance incentives system. We hope to replicate Nik’s success in creating high performance and scale at Revolut.” — Sebastian Fallert, Founder of Ben, QuantumLight press materials ²³.

Note: All founder quotes above are sourced from QuantumLight’s own press materials and may reflect curated testimonials rather than independent assessments.

Sources