IQM Quantum Computers, a quantum computing company, has secured €50 million in financing from funds and accounts managed by Blackrock.
The funding is intended to support the company’s international expansion and reinforce its position in the global quantum computing sector, while also strengthening its capital structure ahead of a planned public market listing.
What The Company Does
Founded in 2018, IQM develops full-stack superconducting quantum computers, offering both on-premises systems and cloud-based access. Its solutions are used by research institutions, universities, high-performance computing centres, and national laboratories, enabling organisations to directly operate and manage quantum computing infrastructure.
The company focuses on building scalable quantum systems that integrate hardware and software, with the long-term objective of achieving fault-tolerant quantum computing. Its model combines proprietary hardware development with a broader ecosystem approach, including partnerships and cloud integration to support diverse use cases in science and industry.
By offering on-premises quantum systems, IQM differentiates itself from purely cloud-based providers, addressing demand from organisations that require higher levels of control, security, and customisation.
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Market Context / Industry Background
Quantum computing is gaining traction as governments and enterprises increase investment in next-generation computing technologies. Europe, in particular, has prioritised the development of sovereign capabilities in advanced technologies, including quantum systems, as part of broader digital and industrial strategies.
Demand for on-premises quantum infrastructure is rising, especially among research institutions and public-sector organisations that require dedicated systems. At the same time, companies in the sector are seeking diversified financing structures to support capital-intensive development cycles and long-term research efforts.
IQM’s financing reflects this trend, combining private capital with strategic positioning ahead of potential public market entry.
Founder / Investor Commentary
Jan Goetz, CEO and co-founder of IQM, described the financing as a key step in the company’s growth trajectory, noting that it comes at a pivotal moment as the company prepares for its next phase of expansion. He stated that the funding strengthens IQM’s capital structure and increases the resources available to advance its technology roadmap and expand into new markets.
His remarks highlight the importance of financial flexibility in a sector where sustained investment is required to achieve technological milestones.
Growth Plans / Use Of Funds
The €50 million financing will be used to accelerate IQM’s research and development activities, enhance its superconducting quantum technology, and support expansion into additional international markets.
The funding was arranged ahead of the company’s previously announced plan to become Europe’s first publicly listed quantum computing firm through a merger with Real Asset Acquisition Corp. In addition to supporting growth, the financing is expected to reduce the company’s overall cost of capital and diversify its funding sources.
IQM aims to build on increasing demand for quantum computing solutions by expanding its product offering and strengthening its presence across key global markets, while continuing to develop advanced quantum and quantum AI capabilities.
About IQM Quantum Computers
IQM Quantum Computers is a quantum computing company focused on developing superconducting quantum systems. Founded in 2018 and headquartered in Finland, the company provides both on-premises and cloud-accessible quantum solutions to research institutions, enterprises, and public organisations. Its mission is to advance quantum technologies and enable new possibilities in science and industry.
