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New Deal


Announced

Completed

World Fund led a $130m funding round in IQM.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Cross Border

Minority

Venture Capital

Private

Friendly

Private Equity

Computer Hardware

quantum computers

Finland

Single Bidder

Synopsis

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World Fund, a venture capital firm, led a $130m funding round in IQM, a European quantum computing company, with participation from Bayern Kapital, OurCrowd, Tofino, Varma, Maki.vc, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Tesi, and Vsquared. The company intends to use the funds to expand its international business and accelerate product, with a focus on developing quantum processors to help tackle the climate crisis development.

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