How Quantonation automated its fund processes with Vestberry

About Quantonation

Quantonation, established in 2018 in Paris, France, is the first early-stage VC fund dedicated to deep physics and quantum technologies.

Currently, Quantonation operates with AUM of €50 million and has 18 portfolio companies under its belt. The fund aims to support the transition of these technologies into commercially available products for industry. Its investments are mainly at an early stage (pre-seed, seed, Series A) with a focus on Europe and North America, as these markets have the most favorable environment to grow quantum technologies startups.

Client's Challenge

Quantonation was in search of reliable software for its fund operations back in May 2021: it needed a solution that could help it get insights into its investments and portfolio performance, while maintaining a high level of transparency and minimizing time spent consolidating data.

The fund previously used Excel for portfolio management and reporting, but it was time to switch tools: its range of investments was reaching a critical mass at which the number of Excel sheets it had to maintain was becoming unmanageable.

At Quantonation, Excel was used alongside Airtable and Slack to gather any additional data. The usual process at Quantonation consisted of fund managers asking their portfolio companies for information to fill out quarterly reports and then drafting reports for LPs. A new solution was necessary, as this process was proving inefficient.

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Solution Powered by Vestberry

Quantonation started the onboarding process right away with a focus on reporting to LPs and collecting KPIs from its portfolio companies, all consolidated in clear dashboards. Thanks to Vestberry, Quantonation now has a single place to review its overall fund performance along with the performance of its portfolio companies.

Quantonation is now able to leverage a high level of transparency for all its investments with the most up-to-date data for each portfolio company.

Fund managers can now focus on deal-making and analyzing insights, instead of spending their time buried in dozens of Excel sheets.

"We needed software that could serve as a single source of truth for me and my colleagues while having a reliable source for reporting to our LPs. We found these two aspects the most crucial. Vestberry proved it could cover both of these and we started the onboarding process," said Farah Abdallah, Analyst at Quantonation.

3 Areas of Improvement Identified Upon Vestberry Implementation

• Achieved — single source of truth.
• Improved — data collection within fund.
• Created — LP reporting standards for the investors.

No.1 Benefit

The most important benefit Vestberry provides is how it empowers the team at Quantonation to stay on top of their investments and prevent business-building errors. The team now has rapid, direct access to fund and portfolio company information. It also recently invited all its LPs into the system, to keep track of automated and consistent reports.

More Feedback From the Client's Team

"It saves us a lot of time when we collect information from our portfolio companies. Also, we like how Vestberry combines the data from multiple sources into dashboards, which we can customize according to our preferences," said Farah Abdallah, Analyst at Quantonation.

"The overall experience using Vestberry, and the onboarding process itself, was very pleasant. Now we are able to get most of our financial reporting done at the click of a button," said Jean-Gabriel Boinot, Principal at Quantonation.