Goodwin and Ashurst have advised on Oxford Quantum Circuits’ (OQC) oversubscribed £260 million (US$350 million) Series C funding round, one of the largest private funding rounds for a European quantum computing company.
The financing was led by Bullhound Capital and included participation from new and existing investors, including British Business Bank and Oxford Science Enterprises. The investment establishes OQC as one of the world’s best-capitalised private quantum computing companies and is expected to support the expansion of its deployed systems in key markets.
OQC is a UK-headquartered quantum computing company building quantum computers and a secure, scalable quantum AI data centre platform for enterprise and government customers. The company operates superconducting quantum computers designed for deployment in data-centre environments, with a platform spanning Europe, North America, and Asia.
Goodwin advised Oxford Quantum Circuits.
The Goodwin team was led by Andrew Davis, Emily Townsend and Rachel Conder.
Ashurst advised British Business Bank on its £100 million investment in the Series C round.
The Ashurst team was led by Partner Jacob Gold, Senior Associate Dillon Fuzi and Associate Rebekah Oakes. Regulatory advice was provided by Partner Neil Cuninghame and Associates Isabella Hunt and Simran Lamba.
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