 | |
| Company type | Private |
|---|---|
| Industry | Quantum Computing |
| Founded | 2018 |
| Founder | Dr. Jan Goetz, CEO |
| Headquarters | Espoo, Finland |
| Website | meetiqm |
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]
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] .
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