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- Oxford Quantum Circuits
Oxford Quantum Circuits Funding, Investors & Competitors
Oxford Quantum Circuits has raised $497M across 4 funding rounds, most recently a $350M Series C in June 2026.
Last Oxford Quantum Circuits funding round
$350M
Series C · Jun 2026
Cumulative funding Oxford Quantum Circuits raised
$497M
across 4 funding rounds
Key investors in Oxford Quantum Circuits
UTEC-The University of Tokyo Edge Capital Partners
Oxford Science Enterprises
SBI Investment
Chevron Technology Ventures
Lansdowne Partners
Oxford Investment Consultants LLP
IP Group
Mastercard
About Oxford Quantum Circuits
Oxford Quantum Circuits is an Oxford-headquartered quantum computing firm building scalable superconducting quantum processors with integrated cryogenic control electronics. Its OQC Toshiko system delivers up to 8 qubits with low error rates, accessible via cloud or on-premises. Customers in pharmaceuticals and materials science use it for molecular simulations. The company has raised funding from Oxford Science Enterprises and collaborates with SEEQC on co-processor technology.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Oxford Quantum Circuits Funding History
Oxford Quantum Circuits has raised a total of $497M across 4 funding rounds.
Oxford Quantum Circuits' first fundraising round was a $46M Series A in July 2022. The most recent completed round was a $350M Series C in June 2026.
Oxford Quantum Circuits funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2026 | Series C | Bullhound Capital (lead); UTEC-The University of Tokyo Edge Capital Partners; 18 West Capital; Fulcrum Asset Management; Firgun Ventures; Oxford Science Enterprises; Magdalen College; SBI Investment; Alpha Edison; Chevron Technology Ventures; Mastercard; Adaptive Capital Partners | $350M | Oxford Quantum Circuits raised GBP 260 million in a Series C funding round led by Bullhound Capital, with participation from the British Business Bank, Invus, Mastercard, COFIDES, Rokos Capital Management, IHAG, Fulcrum Asset Management, Pentland Ventures, Magdalen College Oxford, Adaptive Capital Partners, Firgun and 18 West. The British Business Bank committed GBP 100 million, and the round was described as one of Europe’s largest funding rounds for a quantum computing company. The financing was intended to support scaling superconducting quantum infrastructure globally. The available reporting frames the transaction as a growth capital round rather than an acquisition, and no valuation, revenue, or EBITDA figures were disclosed in the supplied results. Oxford Quantum Circuits is a British quantum computing company focused on superconducting quantum infrastructure. The round’s investor base included strategic and financial backers, including Mastercard, and the company positioned the capital to expand its infrastructure and commercial footprint. |
| Nov 2023 | Series B | SBI Investment (lead); UTEC-The University of Tokyo Edge Capital Partners; IP Group; Oxford Science Enterprises; Lansdowne Partners; Chevron Technology Ventures; Oxford Investment Consultants LLP | $100M | Oxford Quantum Circuits (OQC) is a UK-based quantum compute-as-a-service (QCaaS) company developing superconducting quantum processors. The company announced its $100 million Series B funding round on November 27, 2023, led by Japanese venture capital fund SBI Investment. The round was described as the UK's largest ever Series B in quantum computing and included investors Oxford Science Enterprises (OSE), University of Tokyo Edge Capital (UTEC), Lansdowne Partners, and the Oxford Technology & Innovations EIS Fund (OTIF), managed by Oxford Investment Consultants. Prior to this round, OQC had raised £41 million, which included the largest Series A in quantum in the UK at that time (£38 million in July 2022). The funding was announced at the Global Investment Summit and was intended to enable industry-leading R&D toward quantum advantage and to support the company's ability to bring next-generation platforms of hundreds of qubits to businesses globally. Alongside the Series B announcement, OQC launched OQC Toshiko, described as the world's first enterprise-ready quantum computing platform. The 32-qubit platform was deployed to commercial data centers, with operations in the UK, Japan, and Spain. By 2023, OQC's team had grown to over 100 employees. The company's technology is positioned for use in financial services, pharmaceutical, and logistics sectors. |
| Feb 2023 | Seed | Quantum Exponential (lead); HiJoJo Partners | $1M | - |
| Jul 2022 | Series A | Lansdowne Partners (lead); UTEC-The University of Tokyo Edge Capital Partners (lead); Oxford Science Enterprises; Oxford Investment Consultants LLP; British Patient Capital | $46M | - |
Who has invested in Oxford Quantum Circuits?
18 investors have backed Oxford Quantum Circuits across its funding rounds, including UTEC-The University of Tokyo Edge Capital Partners, Oxford Science Enterprises, SBI Investment, Chevron Technology Ventures, Lansdowne Partners and Oxford Investment Consultants LLP.
Lead investors include Bullhound Capital, SBI Investment, Quantum Exponential, Lansdowne Partners and UTEC-The University of Tokyo Edge Capital Partners.
Oxford Quantum Circuits Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jul 2022 | ||
| 3 | Participant | Jul 2022 | ||
| 2 | Lead | Jul 2022 | ||
| 2 | Lead | Nov 2023 | ||
| 2 | Participant | Nov 2023 | ||
| 2 | Participant | Jul 2022 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Lead | Feb 2023 | ||
| 1 | Participant | Jun 2026 | ||
This data is available for Pro users. Sign up to see all 18 Oxford Quantum Circuits investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOxford Quantum Circuits Competitors
Oxford Quantum Circuits competitors include listed companies like IonQ and D-Wave Quantum, and private ones like SambaNova, Positron, Ricursive Intelligence and Fluidstack.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $11B | - | ||
| Private | - | - | $5B | - | ||
| Private | - | - | $4B | - | ||
| Private | $180M | - | $18B | - | ||
| Publicly listed | $130M | ($531M) | $16B | 40.3x | ||
| Publicly listed | $25M | ($373M) | $6.7B | 166.4x |
Oxford Quantum Circuits Public Comps
Oxford Quantum Circuits is still privately-owned, but its public comps include NVIDIA, TSMC, Broadcom, Micron, SK Hynix, AMD, ASML, CXMT, Palantir and Dell.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216B | $142B | 24.4x | 15.6x | 37.1x | 23.8x | |||
| $120B | $83B | 15.9x | 12.1x | 22.9x | 16.6x | |||
| $64B | $34B | 26.5x | 16.8x | 49.3x | 24.7x | |||
| $37B | $18B | 29.0x | 8.0x | 60.3x | 9.6x | |||
| $71B | $47B | 12.1x | 4.3x | 18.1x | 5.3x | |||
| $35B | $7.1B | 25.4x | 19.0x | 124.8x | 75.6x | |||
| $38B | $14B | 16.5x | 13.3x | 43.7x | 31.7x | |||
| $9.2B | $5.5B | 60.3x | - | 101.9x | - | |||
This data is available for Pro users. Sign up to see all Oxford Quantum Circuits competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Oxford Quantum Circuits
| When was Oxford Quantum Circuits founded? | Oxford Quantum Circuits was founded in 2017. |
| Where is Oxford Quantum Circuits headquartered? | Oxford Quantum Circuits is headquartered in Reading, United Kingdom. |
| Is Oxford Quantum Circuits publicly listed? | No, Oxford Quantum Circuits is a private, VC-backed company. |
| How much funding has Oxford Quantum Circuits raised? | Oxford Quantum Circuits has raised $497M across 4 funding rounds. |
| What was Oxford Quantum Circuits' last funding round? | Oxford Quantum Circuits' last funding round was a $350M Series C in June 2026, led by Bullhound Capital. |
| Who are Oxford Quantum Circuits' investors? | Oxford Quantum Circuits' investors include UTEC-The University of Tokyo Edge Capital Partners, Oxford Science Enterprises, Lansdowne Partners, SBI Investment, Chevron Technology Ventures, Oxford Investment Consultants LLP, 18 West Capital, Fulcrum Asset Management, Firgun Ventures, IP Group and 8 others. |
| Which companies are comparable to Oxford Quantum Circuits? | Companies comparable to Oxford Quantum Circuits include SambaNova, Positron, Ricursive Intelligence, Fluidstack, IonQ and D-Wave Quantum. |
See companies similar to Oxford Quantum Circuits
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