Squire Patton Boggs has advised technology investor Bullhound Capital on its lead investment in Oxford Quantum Circuits’ £260 million Series C funding round, Europe’s largest-ever private raise for a quantum computing company.
The Squire Patton Boggs team was led by Corporate director Joshua Lodge and partner Julian Ciecierski-Burns.
The oversubscribed round included participation from the British Business Bank, Chevron Technology Ventures and COFIDES, amongst others. JPMorgan acted as exclusive placement agent.
Founded in the UK, Oxford Quantum Circuits develops and operates superconducting quantum computers designed for deployment in data-centre environments serving enterprise and government customers. The company has established a global quantum computing platform across Europe, North America and Asia, with systems deployed in the UK, US, Japan and Spain.
Callum Stewart, investment principal at Bullhound Capital, commented: “We have worked with the team at Squire Patton Boggs for many years and consistently value their technical expertise and ability to manage complex, multi-party transactions under pressure. They combine experience with pragmatism, remain calm throughout, and are a genuine pleasure to deal with.”
The firm has advised Bullhound Capital on a number of notable investments, including its investment in consumer edtech company Headway Inc, and its participation in the US$20 million investment in RavenPack; £93 million Series C fundraising for Connex One; US$500 million global equity investment in EcoVadis; and in respect of its investment in Revolut.
