Loading organizations...

§ Private Profile · Espoo, Southern Finland
Develops full-stack superconducting quantum computers for research institutions, supercomputing centers, and industrial customers.
IQM has raised $710.9M across 8 funding rounds.
Key people at IQM.
IQM was founded in 2018 by Juha Vartiainen (Co-Founder) and Kuan Yen Tan (Co-Founder) and Mikko Möttönen (Co-Founder) and Jan Goetz (Co-Founder).
IQM has raised $710.9M in total across 8 funding rounds.
IQM Quantum Computers, based in Espoo, Finland, develops full-stack superconducting quantum computers with up to 150 high-fidelity qubits, delivering on-premises systems and cloud access for high-performance computing centers, research labs, and enterprises. The company has secured over €600 million in total capital as of 2025, including a €275 million Series B round in September 2025, which was Europe's largest quantum computing funding round, and a €128 million Series A2 round in 2022. Additionally, IQM received a €35 million loan from the European Investment Bank for quantum processor development. With over 280 employees, IQM's investor base includes firms such as World Fund, Ten Eleven Ventures, Tesi, and Maki.vc. They also collaborate with partners like VTT in Finland and Q-Exa HPC in Germany.
IQM develops full-stack superconducting quantum computers, providing integrated hardware and software systems. These machines are engineered for both on-premises installation and cloud access, utilizing proprietary chip architecture to deliver advanced computational power. The company focuses on offering comprehensive quantum computing solutions.
Founded in 2018 by scientists Jan Goetz, Juha Vartiainen, Kuan Tan, and Mikko Möttönen, IQM emerged from their ambition to transition quantum theory into practical application. These co-founders, all with deep academic backgrounds, sought to create deployable quantum computing systems, bridging fundamental research with real-world implementation.
IQM targets high-performance computing centers, research institutions, and enterprises seeking quantum capabilities. Their vision is to empower researchers and industry with accessible, functional quantum computers. They aim to deliver transformative technology, addressing complex challenges beyond current classical computing limits.
IQM was founded in 2018 by Juha Vartiainen (Co-Founder) and Kuan Yen Tan (Co-Founder) and Mikko Möttönen (Co-Founder) and Jan Goetz (Co-Founder).
IQM has raised $710.9M in total across 8 funding rounds.
IQM's investors include Ten Eleven Ventures, World Fund, Bayern Kapital, EIC Fund, Elo Mutual Pension Insurance Company, Schwarz Group, Juha Lehtola, Varma, Winbond, European Innovation Council, Tencent, European Investment Bank.
IQM has raised $710.9M across 8 funding rounds. Most recently, it raised $320.0M IQM Quantum Computers - Series B in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2025 | $320M Series B | TEN Eleven Ventures | World Fund, Bayern Kapital, EIC Fund, ELO Mutual Pension Insurance Company, Schwarz Group, Juha Lehtola, Varma, Winbond | Announced |
| Jul 22, 2022 | $128M Venture Round | World Fund | European Innovation Council, Tencent Holdings | Announced |
| Jul 1, 2022 | $130M Series A | World Fund | Bayern Kapital, EIC Fund, European Investment Bank, Maki.vc, Matadero QED, MIG Fonds, OpenOcean, OurCrowd, QCI SPV, Salvia, Santo Venture Capital, Tencent Holdings, Tesi, Tofino Capital, Varma | Announced |
| Apr 28, 2022 | $36.9M Debt Financing | Werner Hoyer | — | Announced |
| Nov 10, 2020 | $46.1M Series A | Axel Thierauf | Maki.vc, Matadero QED, OpenOcean, Salvia, Santo Venture Capital, Tencent Holdings, Juha Lehtola, Vito Ventures, Herbert Mangesius | Announced |
| Jun 12, 2020 | $19.8M Grant | EIC Fund | — | Announced |
| Jun 11, 2020 | $17M Venture Round | EIC Fund | — | Announced |
| Jul 12, 2019 | $13M Seed | — | Ilkka Kivimaki, Matadero QED, Axel Thierauf, Ekaterina Almasque, Tesi, Vito Ventures | Announced |
Key people at IQM.