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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

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

Company: IQM Finland

Industry: Hardware Manufacturing

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