IQM raises 50M euros for quantum computing roadmap

Finnish quantum computing specialist IQM has secured a €50 million financing package from funds and accounts managed by BlackRock, aimed at accelerating the company’s global growth and technology development. The funding comes as the company prepares for its next phase of expansion and plans for a future public listing.

The investment highlights continued momentum in Europe’s quantum computing sector as companies race to scale systems and commercialize emerging technologies. For eeNews Europe readers, the move signals both increased investor confidence in quantum hardware and further development of Europe-based computing infrastructure.

Funding to accelerate quantum roadmap

IQM Finland Oy, headquartered in Espoo, said the €50 million facility will help accelerate its technology roadmap while supporting research and development efforts and expansion into new markets. The company develops full-stack superconducting quantum computers and has positioned itself as a major European player in the rapidly evolving field.

According to IQM, the financing package will also strengthen its overall capital structure and provide greater flexibility in funding its operations. The agreement with funds managed by BlackRock reduces the company’s cost of capital while diversifying its funding sources.

“The financing package comes at a pivotal time for IQM, as we build momentum for our next phase of growth,” said Jan Goetz, CEO and Co-founder of IQM. “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.”

The funding was secured before IQM’s recently announced plans to become the first publicly listed European quantum computing company. The firm intends to go public through a merger with Real Asset Acquisition Corp (RAAQ), a move that could further strengthen its financial position as it scales globally.

Supporting enterprise quantum adoption

IQM said demand for its on-premises quantum systems is growing globally as enterprises and research institutions look to build capabilities in quantum computing and quantum-AI.

The company focuses on systems that can be operated directly by institutions rather than accessed only through the cloud, a model aimed at supporting long-term capability building and research infrastructure development.

“We build open and transparent quantum systems that institutions can operate directly, enabling hands-on use, long-term capability building, and full control over their quantum infrastructure. By making quantum computing accessible in this way, we are enabling ecosystems to grow, benefitting researchers, industries, and partners,” Goetz added.

IQM’s broader strategy includes hardware innovation, cloud accessibility, industry partnerships and ecosystem development. The company said it is pursuing these efforts to support enterprise adoption while advancing toward fault-tolerant quantum computing systems.

The latest financing underscores the growing importance of quantum computing within Europe’s deep-tech landscape as governments, research organizations and industry increasingly invest in next-generation computing technologies.