Avance advises German-based MIG funds as the lead investor in the over EUR 11 million series seed financing round of IQM Finland Oy, a Finnish pioneer in developing high-speed quantum processors.
The IQM team has pioneered breakthroughs in thermal management and other areas that influence computational speed and information accuracy. The innovations establish IQM as an emerging hardware systems leader in the race to develop a quantum computer for practical applications.
The MIG funds are one of the leading venture capital investors in Germany.