# IQM funding: rounds and investors > IQM has raised $390M across 3 rounds since 2019. Investors include BlackRock, EIC Accelerator and European Investment Bank. Every round with its source. Source: https://millionrounds.com/company/iqm (Millionrounds; every figure on the page links to its filing or article) Finland · [Series B startup](https://millionrounds.com/companies) # Who invested in *IQM* 3 rounds we have observed, with the 14 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Deeptech Quantum Computing Raised 7 months ago Follow IQM and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fiqm) Funding summary Updated 5 Nov 2026 **$390M** raised across 3 rounds since 2019, from 5 sources **$13M** Round **$320M** Series B **$57M** Round - **Latest round:** Round, $57M Mar 2026 - **Led by:** BlackRock - **Biggest round:** $320M Series B · Sept 2025 - **Investors:** 14 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2020 2021 2022 2023 2024 2025 2026 **$13M** Round **$320M** Series B **$57M** Round - **First round:** Round, $13M - **Biggest round:** $320M - **Usual gap between rounds:** 6.2 years [**IQM** Deep tech 1 / 15 Their pitch deck **IQM's pitch deck, 15 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/iqm) ## The rounds - **Mar 2026** Round **$57M** *1 new* [BlackRock](https://millionrounds.com/fund/blackrock) Lead Reported by Ventureburn - **Sept 2025** Series B **$320M** *6 new* [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) OurCrowd Reported by maki.vc and 1 other - **Jul 2019** Round **$13M** *7 new* [OpenOcean](https://millionrounds.com/fund/openocean) [Tesi](https://millionrounds.com/fund/tesi) [maki.vc](https://millionrounds.com/fund/maki-vc) [MIG Fonds](https://millionrounds.com/fund/mig-fonds) [Vito Ventures](https://millionrounds.com/fund/vito-ventures) MIG Funds Matadero QED Reported by FinSMEs and 1 other ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2019 **Series B** 2025 **Round** 2026 [BlackRock](https://millionrounds.com/fund/blackrock) L [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) [OpenOcean](https://millionrounds.com/fund/openocean) [Tesi](https://millionrounds.com/fund/tesi) [maki.vc](https://millionrounds.com/fund/maki-vc) [MIG Fonds](https://millionrounds.com/fund/mig-fonds) ## Everyone who backed them [BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **1** round, led 1 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **1** round [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Government **1** round [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) VC firm **1** round [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) VC firm **1** round [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) VC firm **1** round [OpenOcean](https://millionrounds.com/fund/openocean) VC firm **1** round [Tesi](https://millionrounds.com/fund/tesi) Government **1** round [maki.vc](https://millionrounds.com/fund/maki-vc) VC firm **1** round [MIG Fonds](https://millionrounds.com/fund/mig-fonds) VC firm **1** round [Vito Ventures](https://millionrounds.com/fund/vito-ventures) Corporate VC **1** round Matadero QED no record of our own yet **1** round MIG Funds no record of our own yet **1** round OurCrowd no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=iqm). ## Quick answers about IQM ### Who invested in IQM? IQM's investors include BlackRock, EIC Accelerator, European Investment Bank, Eleven Ventures and Ten Eleven Ventures, and 9 more on record. BlackRock led its latest round. ### How much has IQM raised? IQM has raised $390M across 3 rounds since 2019. ### When did IQM last raise? IQM's most recent round, $57M, was in Mar 2026, led by BlackRock. ### What was IQM's biggest round? IQM's largest round on record is $320M (Series B), in Sept 2025. ### Who backed IQM first? IQM's first round on record, in Jul 2019, was backed by OpenOcean, Tesi and maki.vc and 4 others. ### What stage is IQM at? IQM's latest named round is a Series B, in Sept 2025. ### Where is IQM based? IQM is based in Finland. ### Who led IQM's rounds? BlackRock led the funding round in 2026. ## Companies like IQM In the same sector, and raised in the last eighteen months. [**Perfat Technologies** $5.8M · Jul 2026](https://millionrounds.com/company/perfat-technologies)[**Quanscient** $17M · May 2026](https://millionrounds.com/company/quanscient)[**altM** $10M · Nov 2026](https://millionrounds.com/company/altm)[**Quint** $10M · Nov 2026](https://millionrounds.com/company/quint)[**Krilltech** Oct 2026](https://millionrounds.com/company/krilltech)[**Re:Build** $2.2B · Oct 2026](https://millionrounds.com/company/re-build) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app