IQM raises EUR 128 million Series A2 round

Avance advised IQM Finland Oy, the European leader in building superconducting quantum computers, in raising its EUR 128 million Series A2 financing round lead by World Fund. IQM will use the funding to expand its international business and accelerate product development, with a focus on developing quantum processors to help tackle the climate crisis. The closing of this round is the largest raised by a European quantum computing company.