Finnish Quantum Startup IQM Hits Unicorn Status with Massive $320M Raise
Quantum computing just got a billion-dollar vote of confidence.
IQM Quantum Computers rockets past unicorn valuation after securing one of Europe's largest deep tech funding rounds this year. The Finnish startup's $320 million Series B propels them into rarified air—joining the elite club of quantum companies commanding 10-figure valuations.
Scandinavian Surge
Finland's ecosystem flexes its muscles as IQM demonstrates Europe's growing prowess in the quantum arms race. The funding round—backed by institutional heavyweights—signals serious institutional belief in practical quantum applications beyond theoretical research.
Hardware Gets Hard Cash
While quantum software plays grab headlines, IQM's monster round proves investors still bet on physical infrastructure. The company builds superconducting quantum processors—the actual machines that might eventually crack encryption, optimize logistics, or revolutionize drug discovery.
Quantum's Wall Street Moment
Another day, another unicorn—because what's a emerging technology without some frothy valuation metrics? Traditional VCs now chase quantum returns alongside quantum coherence, apparently convinced that quantum winter won't follow AI winter. The field's heating up faster than a qubit at absolute zero.
IQM's funding explosion demonstrates that serious money now chases quantum advantage—not just quantum promise. The race to build usable quantum computers just entered hyperspace.
Quantum companies race to gain financing
As Cryptopolitan reported recently, companies are racing to achieve usable quantum computation. IQM has been around since 2018, but only now joined other quantum startups in fundraises, as investors see the technology shift closer to real-world achievements.
Quantum computers are still experimental, but are potentially capable of solving tasks beyond traditional computation, especially linked to cybersecurity and encryption.
This quantum feature once again raised fears of solving crypto wallets and taking over even the most complex encryption, including Bitcoin. Quantum computers can solve problems that would pose an infinitely difficult task for regular computers.
Financing for quantum computing projects accelerated in early 2025, following Google’s experimental breakthrough. Over $1.25B were raised in Q1, marking a shift from research to commercial readiness.
Previously, UK-based Quantinuum raised over $594M in an early round. French company Alice&Bob raised $100M earlier in 2025.
Ten Eleven Ventures also supported crypto projects
Ten Eleven Ventures has also invested in a couple of crypto projects, long before its foray into quantum computing. The fund raised a total of $48M, investing in Valid Network and Hypernative.
The latest investment was for $40M in a Series B round, boosting Hypernative’s Web3 security business. Following the relatively obscure crypto projects, the large-scale IQM deal boosted the fund’s influence.
In the past months, the fund also focused on Israeli projects, backing cybersecurity startups. The fund has also invested in AI research, including additional security and AI detection.
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