Series A9 January 2023

Oxford Ionics raises £30m in Series A funding led by Oxford Science Enterprises and Braavos Investment Advisers to expand its team.

The Series A round was led by Oxford Science Enterprises and Braavos Investment Advisers to support company expansion.

£30.0MSeries A

Oxford Ionics develops high-performance quantum computing technology using a proprietary trapped-ion approach integrated into standard semiconductor production lines.

Oxford Ionics has secured £30m in Series A funding to expand its team across technical and operational roles. The financing round was led jointly by Oxford Science Enterprises and Braavos Investment Advisers, with participation from Lansdowne Partners, Prosus Ventures, 2xN, Torch Partners, and Hermann Hauser. The fresh capital supports the commercialisation and scaling of the company's proprietary quantum processors, which combine individual atomic performance with standard semiconductor manufacturing.

Investor perspective

"Through its unique approach, developed by some of the world’s best minds in the quantum space, Oxford Ionics is laying the foundations to finally make quantum computing a scalable, integrable and viable option. Building on more than a decade at the forefront of this sector, Chris, Tom and the team have been able to demonstrate, time and again, that their work in the lab can, and will, extend to the real world and we’re thrilled to be joining them on this journey."

Will Goodlad

Oxford Science Enterprises