What is Phasecraft?
Phasecraft operates at the vanguard of the quantum computing industry, specializing in the creation of sophisticated algorithms that unlock the potential of current and future quantum hardware. By maintaining a comprehensive materials database and fostering deep collaborations with industry titans such as Google, IBM, and Rigetti, the company has established itself as a critical infrastructure provider. Their recently launched Mondrian software platform serves as a testament to their commitment to optimizing quantum workflows, enabling clients to solve complex computational challenges that remain intractable for classical systems. Through its focus on disruptive theory and algorithmic efficiency, Phasecraft is effectively lowering the barrier to entry for quantum-ready enterprises.
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 Playground, Parkwalk Advisors, UCL Technology Fund, Episode 1 Ventures, Low Carbon Innovation Fund, and Albion Ventures
Series B (2025): $34M led by Albion Ventures, Novo Holdings, Plural VC, and LocalGlobe
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.
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 latest capital, Phasecraft is positioned to scale its operations and expand the reach of its Mondrian platform. The strategic focus will likely shift toward deepening its integration with hardware partners and broadening its client base across sectors that require high-fidelity quantum simulations, such as materials science and drug discovery. As the quantum landscape matures, Phasecraft's ability to translate academic research into scalable software products will be the primary driver of its long-term growth and market dominance. The company is expected to leverage this financing to bolster its engineering team and refine its algorithmic suite to meet the increasing demands of the global quantum computing market.
See full Phasecraft company page
