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Chemicals and Materials Tech Series B Founded 2019

PhaseCraft

PhaseCraft develops quantum algorithms and simulation systems that accelerate practical quantum advantage for real-world materials discovery, biochemistry, and optimization challenges. The company algorithms add quantum computation exactly where classical methods fail, integrating results back into practical workflows to achieve what neither classical computing nor current quantum hardware can accomplish alone. In…

📍 Bristol, United Kingdom · Materials Tech,

Funding snapshot

Last roundSeries B
Amount$34M
Date2 September 2025
Total raised$56M
Team size31

About

PhaseCraft develops quantum algorithms and simulation systems that accelerate practical quantum advantage for real-world materials discovery, biochemistry, and optimization challenges. The company algorithms add quantum computation exactly where classical methods fail, integrating results back into practical workflows to achieve what neither classical computing nor current quantum hardware can accomplish alone. In materials discovery, PhaseCraft delivers 10x more accurate predictions enabling precise targeting of costly lab experiments. In advanced biochemistry, it enables higher-fidelity modeling of interactions, reducing lead identification timelines by 1-2 years. In resilient networks and logistics, it achieves solutions in seconds instead of days with up to 1,000x speedups already demonstrated. PhaseCraft is the only company writing algorithms that perform across the world leading quantum hardware platforms while tailoring them for each, eliminating technology risk while maximizing performance irrespective of hardware. The company was co-founded by leading quantum physics professors from University of Bristol and University College London, with offices in London, Bristol, and Washington DC. Founded in 2019 and headquartered in Bristol, United Kingdom, PhaseCraft has raised approximately $56.4 million in Series B funding from investors including UCL Technology Fund, Parkwalk, LocalGlobe, Episode 1 Ventures, AlbionVC, Playground Global, Plural, Novo Holdings, and Latitude.

Business model

Quantum Computing > Applications > Chemicals and Materials > Quantum Simulation,

Chemicals Tech > Chemicals IT > Modeling and Simulation > Quantum Simulation,

Materials Tech > Research and Development > Modeling and Simulation > Quantum Simulation

Team background

College Wise > University of Oxford, University College London

Institutional investors

UCL Technology Fund Parkwalk London Co-Investment Fund Gov LocalGlobe Episode 1 Ventures AlbionVC Low Carbon Innovation Fund Playground Global Plural Novo Holdings Latitud Mish Mashkautsan

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