What is Phasecraft?
Phasecraft is at the forefront of quantum algorithms, specializing in research, optimization, and the development of a comprehensive materials database. The company is making substantial strides in quantum science, evidenced by its collaborations with leading quantum hardware developers such as Google, IBM, and Rigetti. Their innovative solutions, including the recently introduced Mondrian software platform, are designed for clients seeking state-of-the-art quantum technology, positioning Phasecraft as a key player in the burgeoning quantum computing market.
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 UCL Technology Fund, Episode 1 Ventures, Albion Ventures, Playground, Parkwalk Advisors, and Low Carbon Innovation Fund
Series B (2025): $34M led by Albion Ventures, Novo Holdings, Plural VC, and LocalGlobe
Key Investors in Phasecraft
UCL Technology Fund
UCLTF is dedicated to investing in the commercialization of research opportunities from University College London (UCL) since 2016. The fund supports innovators by providing capital and expertise to help scale their ventures globally.
Episode 1 Ventures
Episode 1 Ventures is a new venture capital business based in London managing the new £37.5m Episode 1 Enterprise Capital Fund. The fund invests in software driven businesses based in the UK - typically £250,000 up to £1,000,000 as the first institutional investor in businesses with high growth potential.
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. The firm primarily invests in high-growth B2B software and technology-enabled services companies, focusing on early-stage investments from seed to Series B, predominantly in the UK.
What's next for Phasecraft?
The recent major strategic investment in Phasecraft signals a pivotal growth phase, likely enabling the company to accelerate its research and development initiatives, expand its market reach, and further solidify its collaborations with major hardware providers. This infusion of capital is expected to drive the commercialization of its advanced quantum algorithms and software platforms, positioning Phasecraft to capitalize on the increasing demand for quantum solutions across various industries. The company's trajectory suggests a focus on scaling its operations and deepening its impact in the deep tech landscape.
See full Phasecraft company page
