British Business Bank invests £100m in Oxford Quantum Circuits' £260m Series C round
British Business Bank has invested £100m in Oxford Quantum Circuits (OQC) as part of a £260m Series C funding round led by Bullhound Capital, with participation from Mastercard, Rokos Capital Management, and Magdalen College Oxford. The investment follows the Bank's earlier £7m backing of OQC's Series A in 2022. OQC, a University of Oxford spinout developing superconducting quantum computers for data-centre deployment, plans to use the funding to accelerate international expansion.
Key quotes
British Business Bank has committed £100m to Oxford Quantum Circuits as part of a £260m Series C funding round.
The investment follows the Bank's £7m backing of OQC's Series A round in 2022 and comes as the UK-based quantum computing firm looks to accelerate international expansion.
The Series C round was led by Bullhound Capital and included participation from investors including Mastercard, Rokos Capital Management and Magdalen College Oxford.
Founded as a spinout from University of Oxford, OQC develops superconducting quantum computers for deployment in data-centre environments.
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