Espoo-based IQM has secured a €50 million financing package from funds and accounts managed by BlackRock, bolstering its balance sheet as it gears up for global expansion and a planned public listing via a merger with Real Asset Acquisition Corp. IQM builds full-stack superconducting quantum computers, offering both on-premise systems and cloud access to enterprises, research institutions, and high-performance computing centers. The fresh capital will be deployed to accelerate the company’s technology roadmap, deepen R&D efforts, and support entry into new international markets, while also strengthening its position in the race toward fault-tolerant quantum computing. The financing, secured ahead of its SPAC transaction, is expected to lower IQM’s cost of capital and diversify its funding base as it scales operations and doubles down on hardware innovation, ecosystem development, and quantum-AI integration.
IQM is a quantum computing company focused on developing superconducting quantum hardware and related software systems. The company builds full-stack quantum computers that can be deployed on-premises, alongside cloud-based access to its machines, targeting research institutions, high-performance computing centres, and enterprise users. Its work spans hardware design, control systems, and quantum software, positioning it within the broader effort to make quantum computing more accessible and usable beyond experimental settings. Founded in 2018, IQM operates internationally with offices across Europe, Asia, and North America.
“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.”
This facility will support acceleration of IQM’s technology roadmap, fuel R&D, support entry into additional markets, and advance IQM’s leadership in quantum computing.
He added: “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.”
This facility was secured 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 (“RAAQ”). The facility lowers IQM’s overall cost of capital and improves the flexibility and diversity of its capital base.
With growing global demand for its on-premises quantum systems, IQM is well positioned to support enterprise quantum and quantum-AI adoption through a multifaceted strategy that includes hardware innovation, cloud accessibility, industry partnerships, and ecosystem development on the path toward fault-tolerant quantum computing.
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Read the orginal article: https://arcticstartup.com/iqm-raises-50m/
