# Phasecraft

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phasecraft

- Industry: Software
- Headquarters: London, UK
- Website: www.phasecraft.io/
- Total disclosed funding: $55M
- Latest round: Series B (May 16, 2025)
- Investors on record: 9

## About

Phasecraft Limited is a technology company that specializes in quantum computing solutions. Founded in 2018 in London, UK, by Ashley Montanaro, John Morton, and Toby Cubitt, Phasecraft has completed a total of 3 deals. In September 2025, Phasecraft raised USD 34 million in series B funding co-led by new investors Plural, Novo Holdings, and returning investor Playground Ventures, with participation from other returning investors Albion Capital, LocalGlobe, and Parkwalk Advisors. Other unspecified investors also participated in the round.

Phasecraft specializes in developing quantum algorithms that enhance quantum computing capabilities. The company provides tailored quantum solutions across various sectors, including pharmaceuticals, materials science, and finance. By collaborating with leading quantum hardware developers like Google, IBM, and Rigetti, Phasecraft ensures that its algorithms effectively utilize the strengths of these quantum platforms. Their primary markets include Europe and North America, focusing on research institutions and technology sectors where quantum computing can address complex computational challenges.

Phasecraft's revenue model is based on partnerships and collaborations with technology companies and research organizations, using a B2B transaction structure. The company engages clients through multi-year contracts that provide access to its proprietary quantum algorithms and ongoing integration support. Clients incur fees for using these advanced algorithms, including initial setup and recurring maintenance charges. The company's services aim to deliver high-value solutions that meet the unique computational needs of its partners in the quantum computing sector.

The company plans to utilize the September 2025 funding for quantum algorithm research infrastructure expansion, industrial application development system setup, and end-user collaboration platform deployment.

## Funding rounds

- Series B, May 16, 2025, $34M — Albion Capital, Novo Holdings, Parkwalk Advisors, Playground Ventures, LocalGlobe, Plural
- Series A, Aug 7, 2023, $17M — Albion Capital, Parkwalk Advisors, Episode 1 Ventures, Funding London, Playground Ventures, UCL Technology Fund
- Seed, Dec 10, 2020, $4.9M — Episode 1 Ventures, LocalGlobe

## Investors

- Episode 1 Ventures (https://capitalatlas.ai/funds/episode-1-ventures) — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series B
- Albion Capital — Series A, Series B
- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Series A, Series B
- Funding London — Series A
- Playground Ventures (https://capitalatlas.ai/funds/playground-ventures) — Series A, Series B
- UCL Technology Fund (https://capitalatlas.ai/funds/ucl-technology-fund) — Series A
- Novo Holdings — Series B
- Plural (https://capitalatlas.ai/funds/plural) — Series B