What is Phasecraft?
Phasecraft is a prominent leader in the field of quantum algorithms, leveraging disruptive theoretical advancements to unlock the full potential of quantum computing. The company's core operations encompass rigorous research, sophisticated optimization techniques, and the meticulous maintenance of a comprehensive materials database, thereby driving substantial progress in quantum science. Phasecraft actively collaborates with leading quantum hardware developers, including industry giants like Google, IBM, and Rigetti. Their innovative offerings, exemplified by the recently introduced Mondrian software platform, are designed to empower clients seeking state-of-the-art quantum technology solutions.
How much funding has Phasecraft raised?
Phasecraft has raised a total of $50.5M across 2 funding rounds:
Series A
$16.5M
Series B
$34M
Series A (2023): $16.5M with participation from Low Carbon Innovation Fund, UCL Technology Fund, Episode 1 Ventures, Parkwalk Advisors, Playground, and Albion Ventures
Series B (2025): $34M led by Plural VC, Albion Ventures, Novo Holdings, and LocalGlobe
Key Investors in Phasecraft
Plural VC
Plural VC is a venture community focused on early-stage finance sector companies, providing both investment and intellectual capital to foster growth and shape the future of finance.
Albion Ventures
AlbionVC, the technology investment arm of Albion Capital Group LLP, supports visionary founders with long-term capital and scale-up expertise, primarily investing in high-growth B2B software and technology-enabled services companies.
Novo Holdings
Novo Holdings is a Danish private limited liability company wholly owned by the Novo Nordisk Foundation, established in 1999.
What's next for Phasecraft?
With this substantial enterprise-level backing, Phasecraft is poised to accelerate its development and market expansion. The strategic investment will likely fuel further research into novel quantum algorithms, enhance the capabilities of its Mondrian platform, and broaden its client base across various industries. Continued partnerships with major hardware providers will be crucial for Phasecraft to solidify its leadership in the rapidly evolving quantum computing landscape, translating theoretical breakthroughs into tangible commercial applications and driving the adoption of quantum solutions.
See full Phasecraft company page
