Quantum computing will not be replacing supercomputers in 2026, let alone reaching industrial scale. And yet, investor appetite for companies pursuing the elusive quantum advantage hasn’t dwindled — it has increased. Quantonation Ventures , a venture firm investing in quantum and physics-based startups, has closed its oversubscribed second fund at €220 million , or approximately $260 million. That’s more than twice the size of its inaugural fund, and comes in addition to other signals that the