BlackRock-managed funds have invested €50m, equivalent to approximately $57m, in IQM Quantum Computers, Reuters reported.

The investment comes ahead of IQM’s planned dual listing in the US and Helsinki, where the company is targeting a valuation of around $1.8bn through a merger with a special purpose acquisition company.

The funding will support the Finnish company’s global expansion, including scaling operations, accelerating chip development, and strengthening its commercial footprint.

IQM, which develops quantum computing systems and cloud-based services, generated approximately $35m in revenue last year and reported bookings exceeding $100m, highlighting growing enterprise demand.

BlackRock described quantum computing as “the next era of computing”, underlining its strategic focus on advanced technologies shaping future digital infrastructure.

The investment reflects broader private equity and institutional interest in frontier technologies, including quantum computing, which is increasingly viewed as complementary to artificial intelligence.

IQM is also targeting further growth in private data centre deployments, as organisations seek to integrate quantum capabilities into high-performance computing environments.

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