UK company record
Phasecraft
Quantum algorithms / quantum software (hardware-agnostic; applications in materials science, biotech/drug discovery, energy-network optimization)
VerifiedCore UK
Snapshot
- UK location
- Bristol (Companies House registered office is central London; also has a Washington DC office) · South West
- Sector
- Deeptech / hardware
- Latest recorded round
- Series B
- Latest recorded amount
- $34 million
- Date
- 2025-09-02
Legal-identity layer
Verified identity.
- Selected legal name
- PHASECRAFT LIMITED
- Company number
- 11211343
- Companies House status
- active
- Incorporated
- 2018-02-19
Investors
- UCL Technology FundLead
- Parkwalk AdvisorsParticipant
- London Co-investment FundParticipant
- LocalGlobeLead
- Episode 1 VenturesParticipant
- Playground GlobalLead
- AlbionVCParticipant
- Episode 1Participant
- Parkwalk AdvisorsParticipant
- London Co-investment FundParticipant
- UCL Technology FundParticipant
- PluralLead
- Playground Global (existing investor)Lead
- Novo Holdings (Quantum Fund)Lead
- AlbionVCParticipant
- Latitude (LocalGlobe's growth-stage sister fund under Phoenix Court Group — some press, e.g. Sifted, names this investor as 'LocalGlobe')Participant
- Parkwalk AdvisorsParticipant
Current directors and active controllers
- BARRETT, PeterCurrent director
- CUBITT, Toby StanleyCurrent director
- HOGARTH, Ian Robert PonderCurrent director
- MONTANARO, Ashley Markham Reid, DrCurrent director
- MORTON, John Julian Larrarte, ProfCurrent director
- UCLTF CORPORATE DIRECTORS LTDCurrent director
- CUBITT, Toby Stanleydirector
- Dr Ashley Markham Reid MontanaroFormer controller
- GRIMM, David Anthonydirector
- Mr Toby Stanley CubittFormer controller
- PARKWALK ADVISORS LTDcorporate-director
- SEVERINI, Simone, Profdirector
Funding rows
- Pre-seed£750,000 · 2019-05-29
- Seed£3.7 million · 2020-12-01
- Series A£13 million (~$16.5 million) · 2023-08-16
- Series B$34 million · 2025-09-02
Sources
- https://www.uclb.com/2019/05/29/ucl-technology-fund-leads-750k-investment-in-phasecraft/
- https://www.ucl.ac.uk/mathematical-physical-sciences/news/2019/may/quantum-computing-company-phasecraft-scores-ps750k-pre-seed-funding
- https://quantumcomputingreport.com/phasecraft-raises-3-7-million-4-9m-usd-seed-round/
- https://www.ucl.ac.uk/quantum/news/2020/dec/phasecraft-announces-largest-seed-funding-round-uk-quantum-computing-company
- https://www.angelnews.co.uk/blog/ai-robotics/phasecraft-closes-37m-seed-funding-round/
- https://www.phasecraft.io/news/phasecraft-announces-closing-of-its-13m-series-a-funding/
- https://www.bristol.ac.uk/temple-quarter-enterprise-campus/research-and-innovation/qtic/news/2023/phasecraft-announces-13m-series-a-funding.html
- https://www.phasecraft.io/news/phasecraft-raises-34-million-from-plural-playground-novo/
- https://sifted.eu/articles/phasecraft-quantum-algorithms-34m-series-b
- https://www.uclb.com/2025/09/02/quantum-algorithm-developer-phasecraft-raises-34-million-in-series-b-funding/
- https://www.uclb.com/2019/05/29/ucl-technology-fund-leads-750k-investment-in-phasecraft/
- https://www.ucl.ac.uk/mathematical-physical-sciences/news/2019/may/quantum-computing-company-phasecraft-scores-ps750k-pre-seed-funding
- https://quantumcomputingreport.com/phasecraft-raises-3-7-million-4-9m-usd-seed-round/
- https://www.ucl.ac.uk/quantum/news/2020/dec/phasecraft-announces-largest-seed-funding-round-uk-quantum-computing-company
- https://www.angelnews.co.uk/blog/ai-robotics/phasecraft-closes-37m-seed-funding-round/
- https://www.phasecraft.io/news/phasecraft-announces-closing-of-its-13m-series-a-funding/
- https://www.bristol.ac.uk/temple-quarter-enterprise-campus/research-and-innovation/qtic/news/2023/phasecraft-announces-13m-series-a-funding.html
- https://www.phasecraft.io/news/phasecraft-raises-34-million-from-plural-playground-novo/
- https://sifted.eu/articles/phasecraft-quantum-algorithms-34m-series-b
- https://www.uclb.com/2025/09/02/quantum-algorithm-developer-phasecraft-raises-34-million-in-series-b-funding/