IQM Finland Oy announced that it has received €128 million in a round of funding led by new investor WF World Fund Management GmbH on July 22, 2022. The transaction included participation from new investors Varma Capital, Bayern Kapital GmbH, European Innovation Council (EIC) Fund, OurCrowd, Quality Council of India, Tofino Capital, existing investors MAKI Ventures Oy, Matadero QED, LLC, MIG Capital AG, Open Ocean Capital Ltd., Salvia GmbH, Santo Venture Capital GmbH, Tencent Holdings Limited, Finnish Industry Investment Ltd., Vsquared Ventures Management GmbH.