Oxford Quantum Circuits secures £869k in second funding round to fuel research and international expansion
The funding round saw participation from Quantum Exponential Group and HiJoJo Partners.
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 secured approximately £869k in a second funding round, with participation from Quantum Exponential Group and HiJoJo Partners. The capital will be directed towards research and development, alongside supporting the firm's expansion into the Asia Pacific region with a particular focus on Japan.
The raise follows a substantial £38m Series A fundraise secured by the company last year, which stands as the largest Series A in the UK quantum computing sector to date. Oxford Quantum Circuits continues to scale its proprietary Coaxmon technology, offering its systems through cloud platforms including Amazon Web Services.
Investor perspective
"We are committed to providing our shareholders with access to quantum technology companies which are at the forefront of this revolutionary technology. OQC’s achievements, driven by its excellent team, are nothing short of astounding."
Steven Metcalfe
CEO, Quantum Exponential
Use of funds
- 01Fund research and development
- 02Expand into international markets
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About the company
Oxford Quantum Circuits
Oxford Quantum Circuits develops advanced quantum computing hardware using patented 3D architecture.