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Phasecraft secures $34M in a Series B funding round led by Plural and Playground Global to revolutionize quantum computing applications.

PRIVATESep 02, 2025

Amount Raised

$34 Million

Round Type

Series B

BristolInformation TechnologySoftwareGamingVideo Gamesinformation technology & services

Investors

LocalglobeAlbionVCNovo Holdings' Quantum FundParkwalk AdvisorsPluralPlayground Global

Description

Phasecraft has announced the successful closing of a $34 million Series B funding round. The funding will accelerate its advancements in quantum computing by transforming theoretical concepts into practical applications. Major investors include Plural, Playground Global, and Novo Holdings’ Quantum Fund. The new capital will enhance R&D efforts and expand partnerships with industry leaders.

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Company Information

Company

Phasecraft

Location

Cathedral Square

Bristol, England, United Kingdom

About

Phasecraft is the quantum algorithms company. We’re building the mathematical foundations for quantum computing applications that solve real-world problems. Our team brings together many of the world’s leading quantum scientists, including founders Toby Cubitt, Ashley Montanaro, and John Morton.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Phasecraft raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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