The funds will help advance IQM’s leadership capabilities in the booming quantum industry.

IQM Quantum Computers (IQM) has today (30 March) announced it acquired €50m in funding, which it plans to use to accelerate its technology roadmap, fuel research and development, support growth into new markets and advance its leadership position in the quantum space. 

Established in 2018 and headquartered in Espoo, Finland, IQM has raised more than €600m in funding to date, has a presence in more than 12 countries and has more than 300 quantum patent applications. The organisation’s goal is to create the most up-to-date quantum processing units.  

The €50m financing package is coming from funds and accounts managed by BlackRock, with the funds having been agreed upon prior to IQM’s recent announcement of plans to become the first publicly listed European quantum computing company through a merger with Real Asset Acquisition Corp. 

Commenting on the announcement, Dr Jan Goetz, the CEO and co-founder of IQM, said: “The financing package comes at a pivotal time for IQM, as we build momentum for our next phase of growth. 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.

“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.”

In September of 2025, in the largest-ever Series B funding round in the quantum space outside of the US, IQM raised $320m. At the time IQM said that the fresh capital would accelerate its growth in the US and other global markets, as quantum computing advanced into wider production worldwide. 

Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.