Revolut’s Founder Nik Storonsky To Launch AI-Led VC

The billionaire co-founder of one of Europe’s most valuable startups plans to launch his own venture fundpowered by artificial intelligence, to compete with “legacy” venture capital investors. Nik Storonsky will himself invest, with other investors, around $200 million into the Quantum Light Capital fund.

Storonsky will tap his experience raising $1.8 billion to build fintech Revolut, which was valued at $33 billion in July 2021, and his earlier career working as a Lehman Brothers and Credit Suisse quant trader to use machine learning to identify promising Series B and C startups.

Read more: Forbes