Varma made USD 40 million follow-on investment in IQM

Varma has been an investor in IQM since 2022, and the additional investment reflects Varma’s strong confidence in IQM’s technology, management team, and long-term growth potential.

– IQM has emerged as one of Europe’s leading quantum technology companies. The company operates in a market expected to grow rapidly as commercial applications of quantum computing become more widespread in the coming years. We are pleased to continue supporting IQM in its next phase of growth. It is also encouraging to see the company listing on the Helsinki Stock Exchange, says Juho Taskinen, Portfolio Manager at Varma.

Founded in 2018, IQM develops and manufactures quantum computers as well as related software and service solutions. The company has delivered quantum computing systems to research institutions, universities, and corporate clients across multiple countries, and is among the most recognized European quantum technology companies.

– The USD 40 million follow-on investment in IQM is part of Varma’s domestic direct investment strategy. These investments are made selectively in high-quality growth companies with strong international growth potential and the ability to generate significant long-term value, says Varma’s Head of Private Equity and Debt Tommi Walther.

Further information:

Tommi Walther, Head of Private Equity and Debt, tel. +358 40 5019 975 or tommi.walther(at)varma.fi

Hanna Kaskela, Senior Vice-President, Sustainability and Communications, tel. +358 40 584 5045 or hanna.kaskela(at)varma.fi