IQM Quantum Computers
About IQM Quantum Computers
IQM Quantum Computers is a Quantum Computing startup based in Espoo, Finland that has raised $463M in venture capital across 3 funding rounds since 2018. The company reached Series B stage in September 2025 with a $320M round led by Ten Eleven Ventures. IQM Quantum Computers's investor base includes 14 institutional funds, with Ten Eleven Ventures leading the most recent equity round.
IQM Quantum Computers is a Finnish full-stack quantum computing company that designs, manufactures, and delivers on-premise superconducting quantum computers to research institutions, universities, national laboratories, and high-performance computing centers. Founded in 2018 as a spinout from Aalto University and VTT Technical Research Centre of Finland, IQM builds vertically integrated systems that give customers direct ownership and control of their quantum hardware rather than cloud API access. Its product lineup spans from the IQM Spark (5 qubits, for universities and research) to the IQM Radiance family (20, 54, and 150 high-fidelity qubits for HPC centers), the IQM Halocene (open error-correction platform), and IQM Resonance (cloud access). Deloitte recognized IQM as the fastest-growing technology company in Finland in 2024. With over 350 employees and subsidiaries in Munich, Madrid, Paris, and Singapore, IQM claims the top position in global on-premise quantum computer deliveries. In February 2026, IQM announced a planned public listing at a $1.8 billion valuation.
IQM Quantum Computers Funding Rounds Timeline
3 rounds · $463M raised · since 2018
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series B | September 2025 | $320M | — | Ten Eleven Ventures | Tesi, Schwarz Group, EIC Fund, Bayern Kapital, Elo Mutual Pension Insurance, Varma Mutual Pension Insurance, Winbond Electronics Corporation |
| Series A | July 2022 | $131M | — | World Fund | Elo Mutual Pension Insurance, Varma Mutual Pension Insurance, EIC Fund |
| Seed | 2019 | $12M | — | — | Maki.vc, OpenOcean, MIG Funds, Vito Ventures, Matadero QED |
Investors in IQM Quantum Computers
14 institutional investors across 3 rounds
Lead investors
Co-investors
Recent news about IQM Quantum Computers
Questions about IQM Quantum Computers
How much has IQM Quantum Computers raised?
IQM Quantum Computers has raised $463M across 3 funding rounds since 2018.
Who are the investors of IQM Quantum Computers?
IQM Quantum Computers's investors include Ten Eleven Ventures, World Fund, Tesi, Schwarz Group, EIC Fund, Bayern Kapital, Elo Mutual Pension Insurance, Varma Mutual Pension Insurance, Winbond Electronics Corporation, Vito Ventures, Maki.vc, OpenOcean, MIG Funds, Matadero QED.
When was IQM Quantum Computers's last funding round?
IQM Quantum Computers's most recent round was a $320M Series B in September 2025, led by Ten Eleven Ventures.
What is IQM Quantum Computers's valuation?
IQM Quantum Computers reached a $1.8B valuation (unicorn status) with its Series B round in September 2025.
Where is IQM Quantum Computers headquartered?
IQM Quantum Computers is headquartered in Espoo, Finland, and was founded in 2018 by Jan Goetz, Juha Vartiainen, Mikko Möttönen, Kuan Yen Tan.