What is Phasecraft?
Phasecraft operates at the intersection of deeptech and quantum science, specializing in the creation of disruptive algorithms that maximize the potential of quantum hardware. The company maintains a sophisticated materials database and provides research-driven optimization services that are essential for hardware developers like Google, IBM, and Rigetti. With the launch of its Mondrian software platform, Phasecraft has transitioned from a research-focused entity into a commercial-grade solution provider, enabling clients to solve complex computational problems that remain intractable for classical systems. Their market position is defined by a unique ability to translate abstract quantum theory into tangible, scalable software solutions for industrial applications.
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 Parkwalk Advisors, Playground, Low Carbon Innovation Fund, Albion Ventures, UCL Technology Fund, and Episode 1 Ventures
Series B (2025): $34M led by LocalGlobe, Albion Ventures, Novo Holdings, and Plural VC
Key Investors in Phasecraft
Albion Ventures
AlbionVC is the technology investment arm of Albion Capital Group LLP, managing approximately 1 billion in venture funds and supporting visionary founders with long-term capital and scale-up expertise.
Novo Holdings
Novo Holdings is a Danish private limited liability company wholly owned by the Novo Nordisk Foundation, focusing on long-term value creation in life sciences and deeptech.
Plural VC
Plural VC is a venture community composed of regulatory experts, operators, and investors focused on supporting early-stage companies with both investment and intellectual capital.
What's next for Phasecraft?
With this major enterprise-level funding, Phasecraft is poised to accelerate its product roadmap and expand its collaborative efforts with global hardware leaders. The strategic focus will likely shift toward scaling the Mondrian platform to meet the growing demand for quantum-ready enterprise software. As the industry moves toward fault-tolerant quantum computing, Phasecraft is well-positioned to leverage its deep technical expertise to capture significant market share, ensuring that its algorithmic solutions remain the standard for high-stakes computational research and commercial deployment. The company's trajectory suggests a move toward broader integration within the global quantum supply chain, solidifying its status as a cornerstone of the emerging quantum economy.
See full Phasecraft company page
