Phasecraft Raises £3.7 Million ($4.9M USD) Seed Round

The round was led by investors LocalGlobe and Episode 1 with additional participation from previous investors including UCL Technology Fund, Parkwalk Advisors and London Co-investment Fund. This brings total funding for Phasecraft up to £5.5 million ($7.3M USD). Phasecraft is a UK based quantum software company that is developing high-efficiency software for useful applications. Their latest research involves finding a more efficient way of solving the Fermi-Hubbard model and was recently published in Physical Review B, published by the American Physical Society, and was also chosen as an Editors’ Suggestion in Physics magazine. For more, you can view the funding news announcement on the Phasecraft website here and another news announcement about their latest research here.

December 10, 2020