Finnish IQM Quantum Computers becomes Europe’s new Unicorn
- Valerie Charoux
- Sep 5
- 2 min read
Tech News Europe - Finnish IQM Quantum Computers just raised $320 million, that is the largest Series B funding round in the quantum sector. This brings the total capital raised by IQM Quantum Computers to $600 million and a valuation of USD 1 billion, producing Europe’s new Unicorn.
IQM Quantum Computers, that is an Aalto University spinout, just announced a Series B funding round of USD 320 million led by U.S. investor, Ten Eleven Ventures, with an increased commitment level from Tesi as well as the participation of Elo Mutual Pension Insurance, Varma Mutual Pension Insurance, the Companies of Schwarz Group, Winbond Electronics Corporation, EIC and Bayern Kapital.
The new $320 million funding round raised by Finnish IQM Quantum Computers is not only the largest ever Series B round raised in the quantum sector, but also the largest ever quantum round in Finland and in Europe.
Europe’s rise in the Quantum sector in 2025:
Investment in Europe’s quantum sector is accelerating and producing new Unicorns, with Finland’s IQM Quantum Computer, now a global leader in building quantum computers.
It is meaningful that the funding obtained by IQM Quantum Computers is also the largest ever round raised in the quantum sector outside of the US. Quantum computing VC funding globally is already at all-time high levels in 2025, with USD 3.4 Billion raised so far this year. Europe has obtained a 38% share of the amount raised in the Quantum sector since 2019, second only to the US with 46%, according to Dealroom.
About IQM Quantum Computers:
The new Series B investment round raised by Finland’s new Unicorn IQM Quantum Computers will fuel their business expansion in the U.S. and other global markets. It will also make it possible to accelerate their tech roadmap towards error corrected systems from thousand to million qubits and expand their data center infrastructure and assembly lines globally.
IQM provides on-premises quantum computers for supercomputing centres, enterprises, and research labs and offers full access to its hardware. IQM also has a quantum computing cloud offering “IQM Resonance.” IQM’s commercial quantum computers include Finland’s ongoing commercial 50-qubit quantum computer co-development project with VTT, IQM-led consortium’s (Q-Exa) HPC quantum accelerator in Germany.
It is to be noted that IQM processors will also be used in the first quantum accelerator in Spain.
