QuantumLight, the VC firm cofounded by Revolut CEO Nik Storonsky, has closed its second fund at $500m.
Pro
Exclusive
August 17, 2026
Exclusive: Nik Storonsky’s VC firm closes $500m for second fund
QuantumLight CEO Ilya Kondrahov said the firm’s latest fund was ‘oversubscribed’
Freya Pratty and Damisola Sulaiman
2 min read
Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky
Damisola Sulaiman is Sifted's fintech reporter, based in London. She writes Sifted's weekly Fintech newsletter . You can find her on LinkedIn

Fintech newsletter
Your weekly update on the latest trends across (neo)banking, buy now pay later, payments and the fintech startup scene.
Recommended
‘Customers are happier if we provide the full suite’: Why startups are embracing all-in-one finance platforms
As accounting teams face a talent crunch and a rise in automation, demand for fully integrated financial platforms has never been higher
AI personal finance platform Matters raises $5m pre-seed
AI-enabled money management is taking off in European fintech
14 Portuguese fintech startups to watch, according to VCs
The number of fintech startups in the country has grown more than 10x over the past decade


