Insider Brief
Oxford Quantum Circuits (OQC) raised an oversubscribed £260 million ($350 million) Series C round, the largest private funding round for a European quantum computing company, to support global expansion and development of fault-tolerant quantum systems.
The funding round was led by Bullhound Capital and included participation from the British Business Bank, major institutional investors, and existing backers, reflecting continued investor confidence in OQC’s technology and commercialization strategy.
OQC plans to use the capital to expand deployments across key markets and accelerate development of superconducting quantum computers for enterprise and government customers in sectors including finance, defense, and security.
PRESS RELEASE — OQC today announced it has closed an oversubscribed £260 million ($350m) Series C funding round, Europe’s largest ever private funding round for a quantum computing company. The investment establishes OQC as one of the world’s best-capitalised private quantum computing companies, enabling the expansion of its deployed systems in key markets. It reflects growing confidence in the commercialisation of quantum technologies, and the UK’s ability to scale globally competitive deep tech companies.
