Company brief: Phasecraft
Information only, not investment advice. This view does not rate, score or recommend any company or investor. Figures are as published by the sources named, with their dates; missing evidence is shown as not covered, never as a low value.
Brief dated 2026-11-03. Figures assembled on 2026-11-02 from the stored copies of the sources named in each section.
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Company and sources
- Country
- United Kingdom
- SME in CORDIS
- Yes
- Technology areas of its EU projects
- Quantum computing and simulation
Legal entities linked to this company after a review of name and country:
EU grants
Takes part in 1 EU-funded quantum project. EU contribution received: EUR 1,005,330.31 (net EU contribution CORDIS records for the company in these projects; not the project budgets and not payments).
No EIC scheme is named by the CORDIS funding scheme of these projects.
| Project | EIC scheme | Start | EU contribution to the project |
|---|---|---|---|
| QAFA: Quantum Algorithms from Foundations to Applications | Other scheme | 2019-05-01 | EUR 1,859,312 |
Source: CORDIS, Publications Office of the European Union, retrieved 2026-10-16.
Patent families
14 distinct quantum patent families, looked up on 2026-10-27.
Source: European Patent Office, Open Patent Services, by applicant name in the quantum CPC groups; derived counts only. A count is not a measure of patent quality or ownership.
Publications
Status: not matched in OpenAlex yet.
Source: OpenAlex, CC0; the institution is matched by name and country.
Infrastructure
Status: the deployment tracker names this company in no contract award.
Announced funding rounds
| Date | Type and status | Amount | Investors (organisations) | Sources |
|---|---|---|---|---|
| 2025-09-02 | Series B Closed | USD 34,000,000 As announced: $34 million | Plural (lead), Playground Global (lead), Novo Holdings (including its Quantum Fund) (lead), AlbionVC, Latitude, Parkwalk Advisors | AlbionVC (Investor press release, read 2026-10-23; Opening paragraph) |
| Currency | Total as announced | Rounds |
|---|---|---|
| USD | USD 34,000,000 | 1 |
Not added: 0 undisclosed, 0 not closed (targets, commitments and selections), 0 acquisitions or listings and 0 included in a later figure. Currencies are never converted or added together.
From grant to equity
- First EU-funded quantum project
- QAFA, ERC grant (Horizon 2020), started 2019-05-01; EUR 1,859,312 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
- First equity round recorded in the portal
- 2025-09-02, Series B, USD 34,000,000 (as announced: $34 million). Sources: AlbionVC (read 2026-10-23; Opening paragraph)
- Time between
- 76 months (6.3 years) from the start of the first project to the first equity round recorded in the portal. That round is later than Series A, so earlier rounds are missing from the rounds file and the journey is left out of the median.
Not covered
- Publications have not been matched in OpenAlex for this company yet.
- Valuations, revenues, ownership stakes, cap tables and individual investors are not collected.
- National grants, regional aid, loans and payments are not covered; EU figures are amounts awarded, not paid.
- Use of infrastructure as a customer is not recorded; only a named supplier role in the deployment tracker is shown.
- Nothing here is a rating, a recommendation or investment advice; figures are as published by their sources.