The round was co-led by Plural, Playground Global, and Novo Holdings.

Phasecraft
Phasecraft develops high performance algorithms to unlock the practical capabilities of quantum computers.
Phasecraft redesigns quantum algorithms to bridge the gap between noisy hardware and practical real world applications.
Filed accounts
Cash at bank
Net current assets
Total assets less current liabilities
Net assets
Shareholders' funds
Fixed assets
Cash, assets and headcount from Phasecraft's latest Companies House filing — with year-on-year movement, free with a Winfred account.
Founders

Toby Cubitt
Toby is a co-founder and chief technology officer at Phasecraft, alongside serving as a professor of quantum information at University College London. He brings academic research experience from UCL and the Royal Society.
LinkedIn
Ashley Montanaro
CEO
Ashley combines academic research as a professor of quantum computation at the University of Bristol with commercial experience as a co-founder of Phasecraft.
LinkedInJohn Morton
John brings academic and founding experience in nanoelectronics, holding professorial and leadership roles at UCL alongside co-founding Phasecraft and Quantum Motion Technologies.
LinkedInInvestors
- £25.3M
- £13.0M
- £3.7M
Funding history
Playground Global led the Series A round to support the firm in achieving practical quantum advantage.
LocalGlobe has led a £3.7m seed round for quantum software developer Phasecraft, with participation from Episode1 and previous backers.




