Espoo-based IQM Quantum Computers, a company specializing in full-stack superconducting quantum computers, has obtained a €50 million financing package from funds and accounts managed by BlackRock.
- Established in 2018 by Jan Goetz and Juha Vartiainen, IQM Quantum Computers develops superconducting quantum computers for research institutions, high-performance computing centers, and enterprises. The company designs full-stack systems that integrate hardware, control electronics, and software, enabling users to operate the machines on-premises and gain direct access to qubits and control systems.
- Its product range includes a 5-qubit system for academic use and advanced machines with up to 150 high-fidelity qubits for enterprise applications.
- IQM employs over 300 people across Finland, France, Germany, Italy, Japan, Poland, Saudi Arabia, Spain, Singapore, South Korea, Taiwan, the UK, and the United States. Its systems are based on superconducting qubits and are designed to allow hands-on experimentation and capability building for quantum research. The company has received over €40 million in funding in 2024 to expand its Finland production site, €275 million in 2025 led by Ten Eleven Ventures.
Details of the deal
- The firm saw support from BlackRock, a global asset manager that provides investment products and technology to help people and institutions manage their money.
- The funding was arranged in advance of IQM’s plans to become the first European quantum computing company to go public via a merger with Real Asset Acquisition Corp, and is intended to lower the company’s overall cost of capital while enhancing flexibility and diversification in its financial structure.
- With the fresh funding, the firm plans to accelerate its technology development, fund ongoing research, expand into new markets, and strengthen its position in quantum computing ahead of its public listing.
“The financing package comes at a pivotal time for IQM, as we build momentum for our next phase of growth. This financing further strengthens our capital structure, increasing the resources available to enable us to execute on our technology vision and expand into new markets," explains Jan Goetz, CEO and Co-founder of IQM.
