Oxford Quantum Circuits raises £260m Series C led by Bullhound Capital to scale its quantum computing infrastructure
Bullhound Capital led the Series C financing, which stands as Europe's largest private quantum funding round.
Share allotment filed at Companies House
Oxford Quantum Circuits designs superconducting circuits for quantum computation, featuring a patented 3D architecture known as the Coaxmon.
Oxford Quantum Circuits has raised £260m in a Series C funding round led by Bullhound Capital. The financing represents Europe's largest private quantum computing funding round to date.
The oversubscribed round saw participation from a broad group of investors including the British Business Bank, JPMorgan, and several returning backers. The capital will support the company as it expands its international footprint and accelerates its technology roadmap.
Based in the UK, the company deploys operational quantum systems directly into commercial data centres alongside classical infrastructure. The fresh funds arrive as the quantum computing sector shifts towards deployment and commercial scale.
From the founder
"Globally, it represents a clear shift in the market from long-term promise to near-term delivery in quantum computing. For OQC, this gives us the capital to scale internationally, advance our technology roadmap, and meet increasing demand from customers seeking secure, scalable access to quantum computing infrastructure."
Gerald Mullally
CEO at Oxford Quantum Circuits
Use of funds
- 01Expand into international markets
Investors
Bullhound Capital
British Business Bank
Fynveur
COFIDES
Alpha Edison
Fulcrum Asset Management
Pentland
Magdalen College Oxford
Adaptive Capital Partners
Firgun
18 West
Oxford Capital
Oxford Science Enterprises
SBI
Chevron Technology Ventures
The University of Tokyo Edge Capital Partners
OTIF
Categories
About the company
Oxford Quantum Circuits
Oxford Quantum Circuits develops advanced quantum computing hardware using patented 3D architecture.