IQM co-CEO, Dr Jan Goetz. Image: IQM
Finnish quantum firm IQM has bolstered its pre-listing war chest to $146m with backing from pension giant Ilmarinen.
Finnish quantum computing company IQM has upsized its private investment in public equity (PIPE) financing to over $146m ahead of its planned SPAC merger and US stock market listing, after securing a new commitment from Ilmarinen, one of Finland’s largest private earnings-related pension insurance companies.
The new commitment from Ilmarinen builds on the previously announced $134m private placement round tied to IQM’s planned merger with SPAC partner Real Asset Acquisition Corp. and public listing. The total private placement commitment from new and existing institutional investors now exceeds $146m.
The transaction values IQM at a pre-money equity valuation of some $1.8bn, with a cash position expected to reach up to €406m ($477m). The company posted 2025 revenues of €31m ($36m).
