Quantum Computing Startup IQM Secures €50M Funding

Funds managed by BlackRock provided €50 million ($57.64 million) in venture financing to IQM Quantum Computers, a Finnish company, on Monday, March 30, 2026. The company said the capital is intended to speed up IQM’s international expansion as it moves toward a planned dual listing in the U.S. and Helsinki.

IQM said it expects to list its shares in the U.S. later this year through a merger with Real Asset Acquisition Corp. The company is targeting an initial equity valuation of approximately $1.8 billion as part of that transaction, while also planning a listing in Helsinki.

The company said the new financing is set to help it scale operations, push forward chip and broader technology development, and reinforce its competitive position. IQM sells quantum computers as well as cloud computing time, and it reported roughly $35 million in sales last year. It also said it had more than $100 million in bookings by year-end.

IQM CEO Jan Goetz said the funding is important for building commercial momentum with the goal of reaching profitability. The company framed the investment as support for moving from development into wider market adoption, while continuing to invest in its underlying hardware and related capabilities.

BlackRock described quantum computing as the “next era of computing.” Tony Kim, head of the global technology team within BlackRock’s Fundamental Equities division, said quantum reasoning rooted in physics, combined with AI’s data-driven approach, could reshape what computation can do.

IQM also said it plans to expand into private data centers for hardware sales, tying that move to the global strategic importance of quantum technology. The company’s stated direction points to a broader set of customers beyond cloud access, including buyers seeking on-premises systems.

What remains uncertain is the timing and execution of the planned U.S. and Helsinki listings, including the completion of the merger with Real Asset Acquisition Corp and the ability to meet the targeted initial equity valuation of approximately $1.8 billion. The company has not detailed how quickly the new funding will translate into expanded capacity, product development milestones, or changes in revenue and bookings.