Reported 12 months ago
Nik Storonsky, the CEO of Revolut, is venturing into disrupting venture capital with his new quantitative investment firm, QuantumLight. Founded in 2022, the firm utilizes algorithms and artificial intelligence to source deals for early-stage companies. Storonsky, worth $4 billion, has invested about $60 million in QuantumLight's fund, aiming to challenge traditional venture firms by leveraging systematic strategies to make precise decisions quicker. QuantumLight has made several investments and is positioning itself as the first truly systematic venture firm in the market.
Source: YAHOO