Phasecraft is a quantum algorithm company led by leading academics from UCL and the University of Bristol
Initial investment
2017
Status
Current holding
Why we invested
Albion first invested in Phasecraft through our UCL Technology Funds and increased exposure through our VCTs.
Phasecraft is the only quantum software company which is laser-focused on quantum advantage, and they’ve reduced the cost of modeling materials on a quantum computer - by more than 1,000,000x compared with the best previous algorithms.
The team are world-leading in quantum algorithm development, thus creating highly valuable intellectual property.
Development
Phasecraft was awarded two contracts under the UK government’s Quantum Catalyst Fund in 2023 to help accelerate the adoption of quantum technologies throughout the public sector.
It is also expanding operations with a new US headquarter and attracting a top quantum researcher who left Amazon to join the start-up.
Key Stats
3
Big tech partnerships
21
Research published
31
Staff globally
Explore Our Solutions
Albion manages £1bn in AUM, invested across a platform of strategies, from pre-seed to growth stage
Questions?
Get in touch.
Further Case Studies
PSE is a process modelling software providing model-based innovation services.
Read more
Proveca is a pharmaceutical company which develops medicines designed specifically for children
Read more
Oviva is Europe's leading digital health company focused on obesity and weight loss.
Read more
Grapeshot, a contextual intelligence platform that empowers brands to deliver relevance to every customer experience
Read more
