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Quantum Start-Up IQM Raises $320 Million, Becomes Unicorn, Parts With Chinese Investor

The financing surge showcases deep-tech momentum in Germany despite a continuing debate over resistance to reform.

Overview

  • Manager magazin reported that IQM closed a roughly $320 million round and ended its relationship with a Chinese investor.
  • The new funding lifts IQM’s valuation above $1 billion, signaling a notable step for Germany’s deep‑tech ecosystem.
  • IQM is a European quantum-computing start-up led by CEO Jan Goetz, according to the reporting.
  • In a separate analysis, the outlet argued Germany is caught in a “nostalgia trap” that dampens its appetite for change.
  • The commentary cited disputes over pensions, public backlash against electric cars, and 2024 farmer protests in Berlin as examples of reform resistance.