IQM Quantum Computing develops high-speed, high-fidelity superconducting quantum computers. It sells complete quantum computers to supercomputing centres and data centres, and offers cloud access to computing time. Its systems are deployed in Europe and in the United States.

FROM FOUR PEOPLE TO A GLOBAL PLAYER

When Ekaterina Almasque (former OpenOcean's GP) invested in 2019, IQM was a team of four people with several patents. It has since grown into a global player with contracts worldwide and commercial traction. The company has created 500 jobs since the investment, as of July 2026, and the number of customers rose from 8 in 2024 to 22 in 2025. Its team is based mainly in Espoo, Finland, with a large presence in Munich.

THE INVESTMENT

Ekaterina Almasque (former OpenOcean's GP) made the first investment in 2019 at Seed with €1.5 million. She has invested €8.5 million in total across rounds. Schwarz Group and 1011 VC are among the co-investors in later rounds. IQM has raised €600 million in total. In September 2025 it raised more than $300 million, and in July 2026 it listed on Nasdaq.

THE LISTING

IQM went public on the Nasdaq in July 2026 under the ticker IQMX, after merging with a special purpose acquisition company. The deal was announced in February 2026 at an initial valuation of about $1.8 billion. It brought in roughly €198 million after costs. IQM is among Europe's first listed quantum companies. The fund marks its stake at a company valuation of €2.7 billion, a 15x multiple.

IMPACT BEYOND THE BALANCE SHEET

IQM gives Europe a strategic position in quantum advantage and has become a key global company created in the region. It has also trained 500 students and professionals in quantum technology.

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