About Quantum Computing sector in Finland
The Quantum Computing sector in Finland comprises 12 companies, including 9 funded companies having collectively raised $642M in venture capital money and private equity. Out of these, 5 are Series A+ funded.
This sector includes companies and organisations using key principles of quantum mechanics, primarily superposition and entanglement, to develop quantum computers, enabling components, software and applications.
Quantum Computing sector is also known as Quantum Mechanics Technology.
Companies working in the value chain of quantum computing which includes hardware, software, enabling technologies and industrial applications. It also includes research labs dedicated for quantum technology; and companies providing quantum-exclusive consultancy services. Incubators and investment consultancies for quantum technology; content platforms for quantum computing; Service providers who are not quantum-first; Fast computing technologies, such as high-throughput computing, parallel, concurrent, distributed computing, supercomputer, etc., which may be claimed to be at par with quantum computing are excluded.
Top Quantum Computing Companies in Finland
There are 12 Quantum Computing startups in Finland which include IQM, QuantrolOx, Algorithmiq, Quanscient, Bluefors. Out of these, 9 startups are funded, with 5 having secured Series A+ funding.
Over the past 10 years, an average of 1 new company has been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge and University of Oxford.
Here is the list of top Quantum Computing startups in Finland
1. IQM
Developer of superconducting quantum computers. Its features include quantum processors with on-chip components that increase QPU clock speed for error correction, as well as application-specific processors and quantum operations.
Key facts about IQM
- Founded Year: 2018
- Location: Espoo (Finland)
- Stage: Series A
- Total Funding till date: $346M
- Investors: MIG Capital, Tesi and 20 Others
- Latest Funding Round: Grant (prize money), Jul 31, 2022, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 2 of 27 Competitors
2. QuantrolOx
Provider of AI-enabled quantum computing software. It develops a machine learning-based software for quantum computers to tune, control, and optimise solid-state qubits. Its features include real-time data interpretation, patterns recognization, and qubit stabilization.
Key facts about QuantrolOx
- Founded Year: 2021
- Location: Espoo (Finland)
- Stage: Seed
- Total Funding till date: $15.9M
- Investors: European Union, Oxford Science Enterprises and 9 Others
- Latest Funding Round: Seed, Mar 07, 2023, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 2 of 2 Competitors
3. Algorithmiq
Provider of quantum computing algorithms for the life science sector. It develops algorithms to run on near-term quantum devices. It also enables users to design new drugs, solve complex problems, and discover raw materials.
Key facts about Algorithmiq
4. Quanscient
Provider of a cloud-based quantum simulation platform. It offers a cloud-based API that enables users to create custom simulations solutions for diversified quantum computing applications. It has applications in the design and development of electromagnetic, mechanic, and aerodynamic applications.
Key facts about Quanscient
- Founded Year: 2021
- Location: Tampere (Finland)
- Stage: Series A
- Total Funding till date: $9.94M
- Investors: Maki, Crowberry Capital and 4 Others
- Latest Funding Round: Series A, Nov 05, 2024, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 22 of 3,031 Competitors
5. Bluefors
Manufacturer of cryogenic measurement systems and cryocoolers. These systems are used in quantum technology, low-temperature physics research, medical and life sciences, and clean energy applications. Products include dilution refrigerators, cryocoolers (pulse tube and Gifford-McMahon), and related components such as magnets and gas handling systems. The company also provides services such as system maintenance, upgrades, and training. Solutions are offered for various temperature ranges, from millikelvin to 4 Kelvin. The focus is on providing reliable, high-performance equipment and support to enable scientific breakthroughs and technological advancements.
Key facts about Bluefors
Companies founded year-on-year in the Quantum Computing sector in Finland
3 Quantum Computing startups in Finland were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 1 |
2023 | 1 |
2022 | - |
2021 | 3 |
2020 | 2 |
2019 | 2 |
2018 | 1 |
2017 | 1 |
2016 | - |
Stage-wise distribution of Quantum Computing sector companies in Finland
Out of the total 12 Quantum Computing companies in Finland, 9 have secured funding. Among them, 5 have reached Series A or higher.
Founded - 12
Funded - 9
Series A+ - 5
Company Stage | No. of companies |
|---|---|
Founded | 12 |
Funded | 9 |
Series A+ | 5 |
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Funding Trends in the Quantum Computing sector in Finland
Total funding year-on-year in the Quantum Computing sector in Finland
The Quantum Computing sector in Finland saw a total funding of more than $322M in the last 10 years. The most amount of funding was in 2022 at more than $188M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $15.7M |
2024 | $10.2M |
2023 | $25.2M |
2022 | $188M |
2021 | - |
2020 | $69.1M |
2019 | $13.8M |
2018 | $493K |
Recent Funding Rounds in Quantum Computing in Finland
In the year 2025, till September 2025, Quantum Computing companies in Finland have raised $336M in equity funding across 2 rounds.
In the same period last year (i.e. till September 2024), Quantum Computing companies in Finland had raised $4.5M across 1 round.
So, 2025 has seen a 7359.64% rise in funding in Quantum Computing companies in Finland as compared to 2024.
Here are some recent, important funding rounds in Quantum Computing companies in Finland:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 4458 | Sep 03, 2025 | ||
Series A | 8818 | Feb 19, 2025 | ||
Series A | 6018 | Nov 05, 2024 | ||
Seed | 7212 | Sep 17, 2024 | ||
Series A | 4811 | Jun 02, 2023 |
Top Investors in Quantum Computing in Finland
Maki is the top investor in Quantum Computing companies in Finland based on number of companies invested.
Here are some top investors in Quantum Computing companies in Finland:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Helsinki (Finland) | ||
Espoo (Finland) | ||
Helsinki (Finland) | IQM and Algorithmiq | |
Helsinki (Finland) | IQM and Quanscient | |
Menlo Park (United States) | - |
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Colleges which produce the most Quantum Computing companies in Finland
Companies founded by alumni from top colleges in the Quantum Computing in Finland
Most number of Quantum Computing startups in Finland have been founded by alumni from University of Cambridge and University of Oxford.
College | No. of companies |
|---|---|
University of Cambridge | 1 |
University of Oxford | 1 |
Total funding in Quantum Computing companies founded by alumni from top colleges in Finland
In the last 10 years, University of Cambridge graduates' Quantum Computing companies in Finland have raised the most funding among top colleges. University of Oxford alumni are second.
College | Total Funding |
|---|---|
University of Cambridge | $15.9M |
University of Oxford | $15.9M |
Top News in Quantum Computing in Finland
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IQM will distribute the first quantum computer superconductor of PolandBusiness Wire•Apr 24, 2025•IQM
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