The funding round, which brings the total funds raised by IQM to date to USD 600 million and values IQM at above USD 1 billion, represents the largest series B raise ever in the quantum space and the fourth largest funding round in Finland.

IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers. IQM customers include the leading high-performance computing centres, research labs, universities and enterprises which have full access to IQM’s software and hardware.  IQM has over 300 employees with headquarters in Finland and a global presence in France, Germany, Italy, Japan, Poland, Spain, Singapore, South Korea, and the United States.

Schwarz Group is an international leader in the retail industry with around 14,200 stores and approximately 595,000 employees. In the 2024 fiscal year, the companies of Schwarz Group generated total revenue of EUR 175.4 billion.

D&I’s core team consisted of Partner Jasper Kuhlefelt and Senior Associate Sofia Kangas.