Funding round
Oxford Quantum Circuits Series A
Oxford Quantum Circuits, which works in quantum compute-as-a-service in Reading, raised $46M in a Series A round announced on 5 Jul 2022, led by Lansdowne Partners and The University of Tokyo Edge Capital Partners (UTEC). 5 firms took part. It is Oxford Quantum Circuits' second venture round on record; the one before was a Seed in Jan 2017.
$46M
Amount raised
38,000,000 GBP converted
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Oxford Quantum Circuits did not disclose a valuation in this round. It came 66 months after Oxford Quantum Circuits' Seed. It is 9.2% of the $498M Oxford Quantum Circuits has raised in the venture rounds on record. Oxford Quantum Circuits raised again 16 months later: a Series B round of $100M in Nov 2023.
Oxford Quantum Circuits' funding rounds
Oxford Quantum Circuits has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Lansdowne Partners and The University of Tokyo Edge Capital Partners (UTEC) led the round with 3 other firms.
Lead investors
- Lansdowne Partners
- The University of Tokyo Edge Capital Partners (UTEC)
Also in the round
- British Patient Capital
- backs 52 venture-backed companies
- Oxford Investment Consultants (OIC)
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,822 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 3.8 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 25 Jul 2022 | $150M | not disclosed | FTX Ventures and Jump Crypto |
| Tech Companies | 19 Jul 2022 | $90M | not disclosed | Summit Partners |
| Tech Companies | 27 Jul 2022 | $65M | $1.00B | Pantera |
| Tech Companies | 19 Jul 2022 | $40M | $240M | The Eleven Fund |
| Tech Companies | 1 Jul 2022 | $30M | not disclosed | Corner Ventures |
| Tech Companies | 13 Jul 2022 | $29M | not disclosed | Index Ventures |
| Tech Companies | 31 Jul 2022 | $26M | not disclosed | Madrona |
| Tech Companies | 6 Jul 2022 | $26M | not disclosed | Earlybird |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Oxford Quantum Circuits raise in its Series A round?
Oxford Quantum Circuits raised $46M in its Series A round, announced in Jul 2022.
Who led Oxford Quantum Circuits' Series A round?
Lansdowne Partners and The University of Tokyo Edge Capital Partners (UTEC) led it, with British Patient Capital, Oxford Science Enterprises and Oxford Investment Consultants (OIC).
What was Oxford Quantum Circuits' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,822 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 3.8 times the median.
Did Oxford Quantum Circuits raise again after this round?
Yes: a Series B round in Nov 2023 of $100M.