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Quantum computers firm IQM raises €128m in Series A2 funding led by World Fund

IQM Quantum Computers (IQM), the European leader in building superconducting quantum computers, has raised €128 million ($128m) in Series A2 funding led by World Fund.

The funding, which follows a €39m ($39m) Series A1 announcement in 2020 and includes part of a €35m ($35m) venture loan from the European Investment Bank (EIB), makes it the largest ever funding round raised by a European quantum computing company.  

The round included participation from Bayern Kapital, EIC Fund, OurCrowd, QCI SPV, Tofino and Varma, as well as existing investors Maki.vc, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Tesi, and Vsquared.

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