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Ground State Ventures

Amsterdam, Netherlands

Overview

Venture capital firm backing early-stage quantum technology startups.

Founded

2022

Deals ยท 12mo

7

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Spain
Switzerland
The Netherlands
United States

Sector focus

Quantum Computing

Investment portfolio

15rounds
NAMEDATESIZE
Azulene Labs
Sep 2026Led
$3 MSeed
Arq
Jul 2026Led
$1 MSeed
QuantWare
May 2026Participated
$178 MSeries B
Rhonexum
Mar 2026Led
$1 MSeed
QT Sense
Feb 2026Participated
$5 MSeed
Diffraqtion
Jan 2026Led
$4 MSeed
SiC Systems
Oct 2025Led
$2 MOther Equity
Orange Quantum Systems
Jun 2025Participated
$14 MSeed
QT Sense
Feb 2025Led
$7 MOther Equity
Qblox
Jun 2024Participated
$26 MSeries A
Q*Bird
May 2024Led
$3 MOther Equity
QphoX
Jan 2024Led
$9 MOther Equity
Azulene Labs
Sep 2026Led
$3 MSeed
Arq
Jul 2026Led
$1 MSeed
QuantWare
May 2026Participated
$178 MSeries B
Rhonexum
Mar 2026Led
$1 MSeed
QT Sense
Feb 2026Participated
$5 MSeed
Diffraqtion
Jan 2026Led
$4 MSeed
SiC Systems
Oct 2025Led
$2 MOther Equity
Orange Quantum Systems
Jun 2025Participated
$14 MSeed
QT Sense
Feb 2025Led
$7 MOther Equity
Qblox
Jun 2024Participated
$26 MSeries A
Q*Bird
May 2024Led
$3 MOther Equity
QphoX
Jan 2024Led
$9 MOther Equity
15
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Insights

Time horizon

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Deal Distribution

Ground State Ventures: 15 funding rounds are recorded in the selected participation categories.All available history.
Ground State Ventures: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed53
Series A01
Series B01
Other Equity50

Monthly Deal Activity

Ground State Ventures: 15 deals are recorded across 44 months.All available history.
Ground State Ventures: 15 deals are recorded across 44 months. All available history
MonthDeals
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '231
Jan '241
Feb '240
Mar '240
Apr '240
May '241
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '261
Mar '261
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '261
Oct '260

Sector Breakdown

Ground State Ventures: Hardware & Robotics is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Ground State Ventures: Hardware & Robotics is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Hardware & Robotics7
Space & Frontier Tech7
Manufacturing4
Enterprise Software3
Health & Life Sciences3
Networks, Cloud & Communication2
AI & Machine Learning2
Professional Services2
Cybersecurity & Privacy1
Data, Analytics & IT1

Deal Size Distribution

Ground State Ventures: 15 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Ground State Ventures: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M3
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ground State Ventures: Europe has the largest recorded deal count among the displayed regions (12 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Ground State Ventures: Europe has the largest recorded deal count among the displayed regions (12 deals). All available history
RegionDeals
Europe12
United States3
Ground State Ventures: 20 co-investors are shown, with Cottonwood Technology Fund sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Ground State Ventures: 20 co-investors are shown, with Cottonwood Technology Fund sharing 4 recorded deals. All available history
Co-investorShared deals
Cottonwood Technology Fund4
InnovationQuarter3
FORWARD.one2
Graduate Entrepreneur Fund2
Invest-NL2
Quantonation2
ADIN1
Aether VC1
Big Sur Ventures1
Defense Advanced Research Projects Agency1
Delft Enterprises1
EIC Fund1
Entrada Ventures1
ETF Partners1
European Innovation Council1
High-Tech Grunderfonds1
Icecat1
In-Q-Tel1
Intel Capital1
milemark.capital1

Investment Strategy

Ground State Ventures: Led accounts for 67% and participating for 33% of round participation.All available history.
Ground State Ventures: Led accounts for 67% and participating for 33% of round participation. All available history
CategoryDeals (count)Share (%)
Led1067%
Participating533%
Ground State Ventures: Single-lead accounts for 70% and co-led for 30% of lead dynamics.All available history.
Ground State Ventures: Single-lead accounts for 70% and co-led for 30% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead770%
Co-led330%

Team

Chad Rigetti

Venture Partner

Kris Kaczmarek

Head of Product

Ton van 't Noordende

General Partner