Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Phasecraft, a UK-based quantum algorithm developer exploiting research from University College London and University of Bristol, has closed a £3.7m ($4.9m) seed round co-led by LocalGlobe, Episode 1 and unnamed existing investors. The spinout has entered a partnership with the R&D arm of chemicals and sustainable technology producer Johnson Matthey to explore quantum applications in materials science. Phasecraft had already obtained $950,000 in a May 2019 pre-seed round co-led by UCL Technology Fund, the university venture fund of UCL,…
