Revolut CEO Storonsky Builds Side Bet to Disrupt Venture Capital with AI
Billionaire Nik Storonsky launches QuantumLight, a venture capital firm emphasizing AI for early-stage investments. With $200 million raised, Storonsky aims to revolutionize venture capital through data-driven strategies.
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Billionaire Nik Storonsky, CEO of Revolut, has ventured into the world of venture capital with his firm QuantumLight. Established in 2022, QuantumLight focuses on early-stage companies using algorithms and artificial intelligence to identify investment opportunities. The firm has already invested in nearly a dozen startups within a year, following a successful fundraising round of approximately $200 million for its debut fund. Storonsky, known for disrupting the banking industry, aims to challenge traditional venture capital players by leveraging technology to drive investment decisions. QuantumLight's approach signifies a shift towards data-driven strategies in the realm of venture capital, marking a new chapter in Storonsky's entrepreneurial journey beyond the realm of banking.
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2 commentsThe actual firm website is https://quantumlightcapital.com/
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