QuantumLight has announced the close of its USD $250 million debut fund and the publication of a hiring playbook based on recruitment methods that contributed to Revolut's expansion.
The fund, QuantumLight Fund I, reached its hard cap and is supported by a group of global limited partners including billionaire technology founders, institutional investors, and prominent venture capital principals. QuantumLight, which began investing in 2023, has provided backing to founders in artificial intelligence (AI), Web3, fintech, software-as-a-service (SaaS), and health technology.
QuantumLight was founded by Nik Storonsky, who is also the CEO and Founder of Revolut. The firm is focused on systematic and quantitative investing through the use of proprietary technology, particularly its AI model, Aleph, which is designed to identify early-growth companies with strong potential.
Storonsky highlighted the firm's objectives, stating, "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."
Alongside the closing of Fund I, QuantumLight has made public its second operating playbook, entitled Hiring Top Talent. Co-authored with Storonsky, the document outlines a structured approach to recruitment, based on practices employed at Revolut as the company expanded to over 10,000 employees within approximately a decade. This follows the release of QuantumLight's first manual, Driving High Performance.
The Hiring Top Talent playbook aims to provide founders with a clear blueprint for hiring processes at each stage of company growth. It advocates for the identification of high-potential problem-solvers and the assessment of candidates via repeatable, structured methodologies to ensure fairness and reduce bias. The playbook also advises building in-house talent acquisition teams early in a company's development, rather than relying on outsourcing recruitment functions.
Mark Lee, Founder and CEO of MarqVision, which is among the companies in QuantumLight's investment portfolio, commented on the playbook: "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. It's been valuable to learn from the systems that helped scale Revolut into a global company."
QuantumLight's leadership believes that sharing internal practices from companies such as Revolut can benefit other high-growth technology firms in building effective teams. Ilya Kondrashov, CEO of QuantumLight, said, "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."
The playbook is already in use by several of QuantumLight's portfolio companies and aims to guide scaling businesses from the outset.
QuantumLight incorporates a team composed of engineers, data scientists, quant traders and entrepreneurs to execute its data-driven investment strategy. Its approach aims to apply scientific principles and technological tools to the venture capital sector.
Since inception, QuantumLight has invested in a number of companies across a range of sectors including MarqVision, an AI-powered platform for intellectual property protection that has worked with brands such as Louis Vuitton and Allbirds. MarqVision has raised more than USD $40 million from investors.
