Tech Company Financing Transactions
Phasecraft Funding Round
Phasecraft closed a $19.1 million Series A funding round on 8/16/2023. Investors included Playground Global, AlbionVC and Episode 1.
Transaction Overview
Company Name
Announced On
8/16/2023
Transaction Type
Venture Equity
Amount
$19,113,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to further develop its quantum algorithms to the point of practical quantum advantage -- when quantum computers outperform classical computers for useful real-world applications like developing new materials.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
77-79 Charlotte Street
London, England, W1T 4PW
UK
London, England, W1T 4PW
UK
Phone
Undisclosed
Website
Email Address
Overview
We are a team of world leading quantum scientists and engineers, tackling ambitious problems by accelerating the practical application of quantum computing. We believe in a world where breakthrough scientific discoveries are commonplace, enabling innovators to more urgently address the world's most vital challenges.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ashley Montanaro
Chief Technical Officer
Toby Cubitt
Co-Founder
John Morton
Browse more venture capital transactions:
Prev: 8/16/2023: ShipCalm venture capital transaction
Next: 8/16/2023: OneBlinc venture capital transaction
Share this article
Where The Data Comes From
We do our best to record every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs