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Finnish quantum hardware firm IQM Quantum Computers has secured a €50 million financing facility from funds and accounts managed by BlackRock to strengthen R&D, expand market presence and shore up its balance sheet ahead of a planned US public listing.
IQM announced in February it will go public via a merger with Real Asset Acquisition Corp (RAAQ), valuing the company at about $1.8 billion pre-money and including a $134 million PIPE; the combined company is expected to hold more than $450 million in cash at closing.
The BlackRock facility, arranged before the SPAC announcement, is structured to diversify capital and lower IQM’s overall cost of capital.
IQM builds full‑stack superconducting quantum computers for on‑premises deployment—claiming 21 systems sold to 13 customers, at least €35 million in unaudited 2025 revenue and over €100 million in bookings by year‑end.
The funding will be used to accelerate chip and systems development, scale commercial operations and support entry into new markets as the company positions itself as one of Europe’s leading quantum hardware vendors.
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Tech Funding News | Global technology startup funding newsBlackRock backs Finnish quantum startup IQM with €50M ahead of US public listing
Tech.eu - European Startup, Funding and Technology NewsIQM secures €50M to accelerate global growth







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