IQM Quantum Computers


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

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.
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.
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. 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. Other early investors have included Maki.vc, OpenOcean, MIG Funds, Vito Ventures, and Matadero QED.
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. 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. At the European level, IQM has received grants and equity investments through the EIC Accelerator, as well as loans from the European Investment Bank, which provided €35 million to support the development and commercialization of IQM's quantum processors and its Espoo-based chip fabrication facility.