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November 10, 2020

IQM raises €39m for race to bag best quantum brains 

The Finnish quantum hardware company has brought Tencent in as an investor in this round and plans to use the money to expand the team.


Maija Palmer

3 min read

IQM, the Finnish quantum computing hardware maker, has pulled in another €39m for its ongoing Series A funding round led by MIG Fonds, the German VC fund. Tencent has also come in as a new investor in his round.

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IQM's quantum computer design
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Chart showing Europe's share of quantum deals 2019
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