Company brief: IQM Quantum Computers
Information only, not investment advice. This view does not rate, score or recommend any company or investor. Figures are as published by the sources named, with their dates; missing evidence is shown as not covered, never as a low value.
Brief dated 2026-11-04. Figures assembled on 2026-11-04 from the stored copies of the sources named in each section.
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Company and sources
- Country
- Finland
- SME in CORDIS
- Yes
- Technology areas of its EU projects
- Quantum computing and simulation, Quantum sensing and metrology, Enabling technologies and supply chain
Legal entities linked to this company after a review of name and country:
EU grants
Takes part in 10 EU-funded quantum projects. EU contribution received: EUR 4,920,821.07 (net EU contribution CORDIS records for the company in these projects; not the project budgets and not payments).
EIC schemes named by the CORDIS funding scheme
- SME Instrument or EIC pilot (Horizon 2020): 1 project
Source: CORDIS, Publications Office of the European Union, retrieved 2026-10-16.
Patent families
105 distinct quantum patent families, looked up on 2026-10-23.
Source: European Patent Office, Open Patent Services, by applicant name in the quantum CPC groups; derived counts only. A count is not a measure of patent quality or ownership.
Publications
Status: not matched in OpenAlex yet.
Source: OpenAlex, CC0; the institution is matched by name and country.
Infrastructure
Named as supplier in a contract award of the deployment tracker:
- Milestones of VLQ (procured as LUMI-Q) Procurement contract signed with IQM Quantum Computers. (26 September 2024)
- Milestones of Euro-Q-Exa Procurement contract signed with IQM Quantum Computers for two systems totalling EUR 25 million. (15 October 2024)
Source: the infrastructure deployment tracker of this portal, each milestone checked against official pages.
Announced funding rounds
| Date | Type and status | Amount | Investors (organisations) | Sources |
|---|---|---|---|---|
| 2026-07-01 | Stock market listing Completed | EUR 127,700,000 As announced: aggregate purchase price of EUR 127.7 million (USD 145.5 million) of the PIPE concurrent with the business combination | Not named | IQM Quantum Computers (Company press release, read 2026-10-23; Paragraphs beginning "Concurrently with the Business Combination" and "In total") Business combination with Real Asset Acquisition Corp. completed; ADSs trade on Nasdaq as IQMX from 2 July 2026. The release states net proceeds of approximately EUR 198.7 million (USD 233.5 million). The PIPE investors are not named. |
| 2026-06-02 | Private investment in public equity (PIPE) Committed, not yet drawn | at least USD 146,000,000 As announced: total PIPE commitments ... to over USD 146 million | Ilmarinen | IQM Quantum Computers (Company press release, read 2026-10-23; Second summary bullet under the headline) Private investment in public equity committed for the business combination with Real Asset Acquisition Corp.; only the new investor is named. |
| 2025-11-24 | Public equity investment (EIC STEP Scale Up) Investment finalised | Undisclosed | European Innovation Council (EIC) and EIC Fund | European Innovation Council (Official page, read 2026-10-23; Opening paragraph: the first two finalised investments, no amounts) Registry entry One of the first two STEP Scale Up equity investments the EIC Fund finalised; no amount stated. |
| 2025-09-03 | Series B Closed | USD 320,000,000 As announced: $320 Million (€275 Million) in venture capital | Ten Eleven Ventures (lead), Tesi, Elo Mutual Pension Insurance, Varma Mutual Pension Insurance, Companies of Schwarz Group, Winbond Electronics Corporation, European Innovation Council (EIC) and EIC Fund, Bayern Kapital | IQM Quantum Computers (Company press release, read 2026-10-23; Dateline paragraph, Espoo, 3 September 2025; investor paragraph) The headline says over $300 million. IQM names the EIC among the investors; the EIC Fund finalised a STEP Scale Up investment in IQM in November 2025 (separate entry, no amount). |
| 2025-04-03 | Public equity investment (EIC STEP Scale Up) Selected, subject to due diligence | Undisclosed | European Innovation Council (EIC) and EIC Fund | European Innovation Council (Official page, read 2026-10-23; List of the seven companies put forward; scheme range of EUR 10 to 30 million per company) Registry entry Put forward for an EIC Fund investment decision under EIC STEP Scale Up, subject to due diligence. |
| Currency | Total as announced | Rounds |
|---|---|---|
| USD | USD 320,000,000 | 1 |
Not added: 0 undisclosed, 2 not closed (targets, commitments and selections), 1 acquisitions or listings and 1 included in a later figure. Currencies are never converted or added together.
From grant to equity
- First EU-funded quantum project
- Prometheus, SME Instrument or EIC pilot (Horizon 2020) (Horizon 2020), started 2020-08-01; EUR 2,497,250 (EU contribution (maximum grant agreed), the whole project). Source: CORDIS.
- First round with the EIC Fund among the investors
- 2025-09-03, Series B, USD 320,000,000 (as announced: $320 Million (€275 Million) in venture capital). Sources: IQM Quantum Computers (read 2026-10-23; Dateline paragraph, Espoo, 3 September 2025; investor paragraph)
- First equity round recorded in the portal
- 2025-09-03, Series B, USD 320,000,000 (as announced: $320 Million (€275 Million) in venture capital). Sources: IQM Quantum Computers (read 2026-10-23; Dateline paragraph, Espoo, 3 September 2025; investor paragraph)
- Public investment registry
- EIC Fund equity investment in IQM Quantum Computers under EIC STEP Scale Up (official source)
- Time between
- 61 months (5.1 years) from the start of the first project to the first equity round recorded in the portal. That round is later than Series A, so earlier rounds are missing from the rounds file and the journey is left out of the median.
Not covered
- Publications have not been matched in OpenAlex for this company yet.
- Valuations, revenues, ownership stakes, cap tables and individual investors are not collected.
- National grants, regional aid, loans and payments are not covered; EU figures are amounts awarded, not paid.
- Use of infrastructure as a customer is not recorded; only a named supplier role in the deployment tracker is shown.
- Nothing here is a rating, a recommendation or investment advice; figures are as published by their sources.