About 2xN
2xN is a venture capital firm founded in 2021. It is primarily based out of London, United Kingdom. As of Apr 2025, 2xN has invested in 25 companies. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Auto Tech. Most recently it participated in the $***** Series A round of SparrowQuantum Overall, 2xN portfolio has seen 1 IPO and 3 acquisitions including key companies like RingCentral, Oxford Ionics and Quantinuum. A lot of funds co-invest with 2xN, with names like Lars Fjeldsoe-Nielsen sharing a substantial percentage of its portfolio. 2xN has team of 1 people.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
2xN's List of Top Investments
2xN has a portfolio of 25 companies. Their most notable investments are in SparrowQuantum and NoTraffic.Their portfolio spans across United States, Denmark, United Kingdom and 6 more locations. They have invested in Enterprise Applications, High Tech, Auto Tech and 15 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by 2xN:1. RingCentral
Cloud based platform offering unified communication solutions. It offers products with features including video and audio conferencing, team messaging, screen or file sharing, online meeting management, real-time analytics, and live reports. The company caters to industries such as health care, education, finance, retail, government, nonprofit organizations, etc. It enables user access on a subscription-based pricing model.
Key facts about RingCentral
- Founded Year: 1999
- Location: Belmont (United States)
- Stage: Acquired
- Total Funding till date: $44M
- Employee Count: 6,728 as on Jun 30, 2026
- Investors: Adams Street Partners, GIC and 59 Others
- Latest Funding Round: Post IPO, Oct 21, 2022, $*****
- Highlight: Acquired
2. Monta
SaaS-based platform for charging station management. Its platform allows users to customize electric vehicle charging points according to charging needs. It provides solutions for workplace charging, fleet charging, commercial charging, residential charging, and others. It offers product suite that serves as a command center for EV charging operations, including charge point management, financial operations, access control, and fleet management.
Key facts about Monta
3. Vivino
Online retailer of wine offering community ratings and purchase options. The platform provides a space for users to rate and review wines. It facilitates wine discovery through user-generated content. The platform enables users to purchase wines from various retailers.
Key facts about Vivino
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Series D
- Total Funding till date: $224M
- Employee Count: 297 as on Jun 30, 2026
- Investors: Creandum, Kinnevik and 16 Others
- Latest Funding Round: Series D, Feb 03, 2021, $*****
- Highlight: Editors' Pick
Provider of quantum computers. It provides users with superconducting qubits as their physical support for Universal Quantum computers. It offers quantum computers by combining the qubits and trapped ions by using noiseless electronic qubit control technology.
Key facts about Oxford Ionics
- Founded Year: 2019
- Location: Oxford (United Kingdom)
- Stage: Acquired
- Total Funding till date: $48.4M
- Employee Count: 103 as on Jun 30, 2026
- Investors: Lansdowne Partners, Prosus and 10 Others
- Latest Funding Round: Series A, Aug 31, 2023, $*****
- Highlight: Acquired
5. NoTraffic
Provider of an AI mobility platform for traffic management solutions. The platform offers edge devices and AI detection for intersections. It features a cloud-based intersection management system. The platform includes a mobility store for applications. It also provides a managed operations center.
Key facts about NoTraffic
- Founded Year: 2017
- Location: Overland Park (United States)
- Stage: Series C
- Total Funding till date: $161M
- Employee Count: 187 as on Jun 30, 2026
- Investors: Invesco, M&G and 19 Others
- Latest Funding Round: Series C, Mar 24, 2026, $*****
2xN's Year-on-Year Investment Trends
2xN has invested in 25 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Kvantify and most recent follow-on round was in SparrowQuantum.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 4 | 0 | 4 |
2022 | 1 | 0 | 1 |
2021 | 7 | 0 | 7 |
2xN's Investments by Stage
2xN has made 6 investments in Seed stage with an average round size of $5.72M, 5 investments in Series A stage with an average round size of $31.1M, 1 investment in Series B stage with an average round size of $20M and 1 investment in Series C stage with an average round size of $60M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 5 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
2xN's Investments by Sector
2xN has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, HealthTech, EdTech and FinTech. Notably, it has invested in 25 Tech companies, 20 Enterprise (B2B) companies, 17 Software companies and at least 8 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
High Tech | 5 |
HealthTech | 3 |
EdTech | 2 |
FinTech | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
2xN's Investments by Geography
2xN has made most investments in Denmark (4), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
Denmark | 4 |
United States | 4 |
Finland | 2 |
Germany | 2 |
Singapore | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
2xN's recent investments
2xN has not made any investment in 2026 so far.Here are the most recent investments by 2xN:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 10, 2025 | Denmark | Series A | 8584 | [+4] | |
Jul 03, 2024 | Denmark | Seed | 2246 | [+4] | |
Nov 29, 2023 | United States | Seed | 7295 | ||
May 11, 2023 | Denmark | Seed | 7182 | [+1] | |
Mar 07, 2023 | Finland | Seed | 7049 | [+4] |
IPOs and Publicly Listed companies in 2xN's Portfolio
1 of 2xN's portfolio company became public - Quantinuum. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $1.97BHere are 2xN's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 04, 2026 | - | - | 6688 |
Acquired companies in 2xN's Portfolio
3 companies from 2xN's portfolio have been acquired. The most recent acquisition was Oxford Ionics in Jun 2025 by IonQ for $*****.Here are 2xN's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 09, 2025 | Jan 09, 2023 | Series A | 4021 | |
Apr 11, 2024 | - | - | 8617 | |
Nov 30, 2021 | Mar 22, 2021 | Seed | 5687 |
Team profile of 2xN
2xN has a team of 1 member located in United Kingdom. 2xN's team sits on the board of 1 company.Co-investors of 2xN
Over the past 5 years, 112 investors have co-invested in 2xN's portfolio companies. This includes funds and angels.
- Invested before 2xN: Europa, Balderton Capital and 36 others have invested in rounds before 2xN. There are 3 companies where Europa has invested before 2xN and 2 companies where Balderton Capital has invested before 2xN.
- Top Co-investors of 2xN: 46 investors entered a company along with 2xN. These include investors like Lars Fjeldsoe-Nielsen (5 companies).
- Invested after 2xN: A total of 28 investors have invested in 2xN's portfolio after their investments. Top Investors include British Business Bank (1 company), PSG (1 company) and M&G (1 company).
Recent News related to 2xN
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Kvantify Closes a €10 Million ($10.8M USD) Seed RoundQuantum Computing Report•Jul 04, 2024•Kvantify, Dreamcraft Ventures, Redstone, 2xN and 4 others
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Sparrow Quantum receives landmark seed funding, setting new milestone for Danish quantum technologyArcticStartup•May 23, 2023•SparrowQuantum, 2xN, LIFTT, European Innovation Council and 1 other
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Finnish deeptech QuantrolOx receives €3.5M in a seed roundAIN.Capital•Mar 09, 2023•QuantrolOx, Voima Ventures, Nielsen, Hoxton Ventures and 3 others
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Oxford Ionics’ £30 Million Series A RoundGlobal Legal Chronicle•Feb 01, 2023•Marriottharrison, Oxford Science Enterprises, Braavos, Lansdowne Partners and 2 others
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London-based VC 2xN unveils $120 million fund to back quantum computing startupsTech.eu•Aug 15, 2022•2xN, Sequoia Capital, Andreessen Horowitz, Founders Fund and 3 others
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Celus Raises €25M in Series A FundingFinSMEs•Jul 07, 2022•Celus Engineering, Earlybird, Capmont, Speedinvest and 3 others
