IQM Quantum Computers

IQM Quantum ComputersFile:IQM Quantum Computers Offical Logo.png

Type| Private
Industry| Quantum Computing
Founded| 2018
Founder| Dr. Jan Goetz, CEO
Headquarters| Espoo, Finland
Website| meetiqm.com

IQM Quantum Computers is a Finnish quantum computing hardware and software company headquartered in Espoo, Finland.[1][2][3] The company develops and commercializes quantum computers based on superconducting technology. Their goal is to become the leading European company in quantum computing hardware.[4]

## Funding

IQM Quantum Computers has secured a total of over €600 million in capital as of 2025, ranking among the most highly funded quantum computing companies in Europe.[5][6]

The company announced a €275 million Series B round in September 2025. This round was led by Ten Eleven Ventures, a U.S.-based cybersecurity-focused investment firm, and Tesi, Finland's state-owned investment fund. It was the largest quantum computing funding round in Europe and the fourth largest round ever for a Finnish growth company to date.[6][7]

The Series B round attracted a diverse group of investors, including Finnish pension funds such as Elo Mutual and Varma Mutual Pension Insurance, the European Innovation Council (EIC). Previous major private funding rounds included a €128 million Series A2 round in 2022 led by World Fund, which brought additional international capital and advanced the company's R&D and scaling activities.[8] Other early investors have included Maki.vc, OpenOcean, MIG Funds, Vito Ventures, and Matadero QED.[9]

Public and governmental funding has also played an essential role for IQM. Among the most significant national investments, VTT Technical Research Centre of Finland was awarded a €70 million government grant in 2024 explicitly to fund the 300-qubit quantum computer project, in which IQM acts as the technology provider.[10] Earlier, the Finnish state approved a €20.7 million grant in 2020 devoted to the construction of a 50-qubit quantum computer developed by IQM and VTT.[11] At the European level, IQM has received grants and equity investments through the EIC Accelerator, as well as loans from the European Investment Bank (EIB), which provided €35 million to support the development and commercialization of IQM's quantum processors and its Espoo-based chip fabrication facility.[12]

On February 23rd 2026, the company announced its IPO with an estimated initial valuation of $1.8 billion.[13]

## References

1. ↑ "Finnish Quantum Startup IQM in Talks to Raise Over €200 Million". https://www.bloomberg.com/news/articles/2025-04-01/finnish-quantum-startup-iqm-in-talks-to-raise-over-200-million.
2. ↑ "IQM Quantum Computers – Company Profile and News". https://www.bloomberg.com/profile/company/2112160D:FH.
3. ↑ Butcher, Mike (2020-06-11). "European quantum computing startup takes its funding to €32M with fresh raise" (in en). https://techcrunch.com/2020/06/11/european-quantum-computing-startup-takes-its-funding-to-e32m-with-fresh-raise.
4. ↑ "Amazon Braket launches new 54-qubit superconducting quantum processor from IQM". 2025-07-21. https://aws.amazon.com/blogs/quantum-computing/amazon-braket-launches-new-54-qubit-superconducting-quantum-processor-from-iqm/.
5. ↑ "IQM raises €275 million in round led by Ten Eleven Ventures" (in en). 2025. https://evertiq.com/news/2025-09-04-iqm-raises-275-million-in-round-led-by-ten-eleven-ventures.
6. ↑ 6.0 6.1 "HS Visio | Espoolainen IQM on Euroopan suuri lupaus, joka sai jättirahoituksen" (in fi). 2025-09-03. https://www.hs.fi/visio/art-2000011346716.html.
7. ↑ Browne, Ryan (2025-09-03). "Quantum computing startup IQM raises $320 million as investors pile into the tech" (in en). https://www.cnbc.com/2025/09/03/quantum-computing-startup-iqm-raises-320-million.html.
8. ↑ "Suomalainen kvanttitietokonevalmistaja keräsi 128 miljoonaa euroa" (in fi). 2022-07-22. https://www.uusiteknologia.fi/2022/07/22/suomalainen-kvanttitietokonevalmistaja-kerasi-128-miljoonaa-euroa/.
9. ↑ "Quantum computing startup IQM gets €11m in seed investment" (in en). 2019-07-09. https://yle.fi/a/3-10869481.
10. ↑ "IQM Quantum Computers to supply Finland | VTT News" (in en). 2025-05-20. https://www.vttresearch.com/en/news-and-ideas/iqm-quantum-computers-supply-finland-world-leading-superconducting-300-qubit-quantum.
11. ↑ "Finland invests €20m in country's first quantum computer" (in en). 2020-11-17. https://yle.fi/a/3-11650682.
12. ↑ "Finland: IQM's quantum fabrication facility gets a €35 million boost from the EIB" (in en). https://www.eib.org/en/press/all/2022-207-finland-iqm-s-quantum-fabrication-facility-gets-a-eur35-million-boost-from-the-eib.
13. ↑ Kar-Gupta, Kauranen, Sudip, Anne (2026-02-23). "Reuters: IQM Quantum Computers to list shares in US at initial $1.8 billion valuation". Reuters. https://www.reuters.com/business/iqm-quantum-computers-list-shares-us-initial-18-billion-valuation-2026-02-23/.

## External links

* Official website

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