IQM receives 128 million euros

The German-Finnish start-up has thus received more money than any European quantum computer company before. The main backer is the Berlin World Fund.

The German-Finnish quantum computer start-up IQM has received 128 million euros in a financing round. According to the company, this is the largest financing round for a European quantum computer company to date. The main investor is the Berlin-based climate-tech venture capitalist World Fund. IQM, which employs more than 180 people, intends to use the money to further expand and internationalize its role in Europe. "This financing round shows how important our mission is: to develop quantum computers for the well-being of mankind. It also shows the confidence in our business model and in our team's ability to shape the future of quantum technology," says German IQM founder and CEO Jan Goetz.

Dara Saharova, co-founder of the World Fund, says of the investment: "Quantum computing has the potential to be a driving force behind the breakthroughs we need to solve the climate crisis. We are proud to lead this funding round and support IQM's ambitions to create a quantum advantage for climate and sustainability goals.