Oxford Quantum Circuits raises £260m in oversubscribed Series C funding round

Oxford Quantum Circuits (OQC) has raised £260 million ($350m) in an oversubscribed Series C funding round.

The company said it represents the largest fundraise ever completed by a quantum computing company in Europe, reflecting the “growing confidence” in quantum computing.

– Oxford Quantum Circuits

Led by Bullhound Capital, the round also saw participation from the British Business Bank, Oxford Science Enterprises, and Chevron. OQC said the funding would support its global expansion, including scaling quantum infrastructure and advancing the development of its next-generation systems.

“[The funding] will deepen our research and development efforts, helping us accelerate innovation across both hardware and platform capabilities, while reinforcing our position as a global leader in the quantum computing field,” the company said.