# IQM Finland

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iqm-finland

- Industry: Hardware
- Headquarters: Espoo, Finland
- Website: www.meetiqm.com/
- Total disclosed funding: $510M
- Latest round: Series B (Sep 3, 2025)
- Investors on record: 23

## About

IQM Finland Oy specializes in developing advanced quantum computing systems, focusing on superconducting quantum computers that cater to research institutions and industries seeking innovative solutions.IQM Finland Oy, founded in 2018 and headquartered in Espoo, Finland, focuses on creating superconducting quantum computers for academic and research purposes. The company's leadership includes founders Jan Goetz, Juha Vartiainen, Kuan Tan, and Mikko Möttönen. IQM Quantum Computers develops advanced quantum computing systems, particularly superconducting quantum computers. Their product line includes a 5-qubit quantum computer for academia and larger systems with 20, 54, and 150 high-fidelity qubits designed for high-performance computing applications. They also offer a quantum cloud platform, enabling researchers to explore practical applications of quantum technology, primarily targeting Europe, North America, and parts of Asia. The revenue is generated through direct sales of quantum hardware and subscription access to their cloud platform, assisting institutions in acquiring cutting-edge technology and ongoing updates. In September 2025, IQM Findland Oy raised USD 320 million in series B funding led by new investor Ten Eleven, with participation from other new investors Winbond Electronics and Schwarz Gruppe. Returning investors Tesi, Bayern Kapital, Elo Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, European Innovation Council, World Fund, and other unspecified investors also participated in the round. In March 2026, IQM Finland Oy raised EUR 50 million in venture funding from BlackRock. The company plans to use the March 2026 funding for development of technology and research and development, and expansion of market presence.

## Funding rounds

- Series B, Sep 3, 2025, $320M — Tesi, Varma Mutual Pension Insurance Company, Winbond Electronics, Bayern Kapital, Elo Mutual Pension Insurance Company, Ten Eleven, Schwarz Gruppe, World Fund, European Innovation Council
- Series A, Jul 22, 2022, $131M — Varma Mutual Pension Insurance Company, Tencent Investment, OpenOcean, MIG Capital, Bayern Kapital, OurCrowd, Matadero Capital, Maki.vc, Salvia Développement, Santo Venture Capital, Tofino Capital, European Innovation Council, Vsquared Ventures, World Fund, Tesi srl, QCI SPV
- Series A, Nov 9, 2020, $46M — Tesi, OpenOcean, MIG Capital, Tencent Holdings Limited, Vito Ventures, Matadero Capital, Maki.vc, Salvia Développement, Santo Venture Capital, Vsquared Ventures
- Seed, Jul 9, 2019, $13M — Tesi, OpenOcean, MIG Capital, Vito Ventures, Matadero Capital, Maki.vc

## Investors

- Tesi (https://capitalatlas.ai/funds/tesi) — Seed, Series A, Series B
- OpenOcean (https://capitalatlas.ai/funds/openocean) — Seed, Series A
- MIG Capital (https://capitalatlas.ai/funds/mig-capital) — Seed, Series A
- Vito Ventures (https://capitalatlas.ai/funds/vito-ventures) — Seed, Series A
- Matadero Capital (https://capitalatlas.ai/funds/matadero-capital) — Seed, Series A
- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Seed, Series A
- Tencent Holdings Limited — Series A
- Salvia Développement — Series A
- Santo Venture Capital (https://capitalatlas.ai/funds/santo-venture-capital) — Series A
- Vsquared Ventures (https://capitalatlas.ai/funds/vsquared-ventures) — Series A
- Varma Mutual Pension Insurance Company — Series A, Series B
- Tencent Investment — Series A
- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Series A, Series B
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A
- Tofino Capital (https://capitalatlas.ai/funds/tofino-capital) — Series A
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series A, Series B
- World Fund (https://capitalatlas.ai/funds/world-fund) — Series A, Series B
- Tesi srl — Series A
- QCI SPV (https://capitalatlas.ai/funds/qci-spv) — Series A
- Winbond Electronics — Series B
- Elo Mutual Pension Insurance Company — Series B
- Ten Eleven — Series B
- Schwarz Gruppe — Series B