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IQM raised $320M in Series B funding led by Ten Eleven Ventures, joined by Tesi, Elo Mutual, Varma Pension, Schwarz Group, Winbond, EIC, and Bayern Kapital

IQM raised $320M in Series B funding led by Ten Eleven Ventures, joined by Tesi, Elo Mutual, Varma Pension, Schwarz Group, Winbond, EIC, and Bayern Kapital

Hardware Manufacturing

Denmark

Finland

Germany

United States

Belgium

Investments

28 August 2025

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IQM Finland (company)

Finland

Hardware Manufacturing

Total investments received (USD): 395.96M

Round value (USD): 320M

Round investors: Tesi Bayern Kapital Varma Pension Fund Ten Eleven Ventures EIC Fund Schwarz Group Elo Mutual Pension Insurance Winbond Electronics 55 North Ventures Fund

Company: IQM Finland

Industry: Hardware Manufacturing

Related deals

Iceye raised €150 million in new equity at a €2.4 billion in a round led by General Catalyst, joined by AP Møller Holding, Bpifrance and investors in Finland.

Hardware Manufacturing Software Services

Denmark

Finland

France

United States

Investments 29 November 2025

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