EcoDataCenter has successfully secured an additional EUR 600 million in debt financing from Deutsche Bank Private Credit and Infrastructure. This funding marks a significant step in the company’s strategy to broaden its high-performance data center capabilities across Europe. Based in Sweden, EcoDataCenter focuses on integrating AI infrastructure with sustainable digital services, leveraging the trends of growing demand for advanced computing capacity, especially for AI-driven operations.
Peter Michelson, the CEO of EcoDataCenter, emphasizes the critical role of AI infrastructure in what he describes as a “new base industry.” This funding initiative aims to further develop the company’s campuses located in Falun and Borlänge, bolstering its position in the rapidly evolving digital landscape.
Earlier, in 2024, EcoDataCenter collaborated with CoreWeave, a U.S.-based AI hyperscaler, to set up one of Europe’s largest AI clusters in Falun. This project underscored Sweden’s growing relevance in the global arena of digital infrastructure. Furthermore, the company acquired the former Kvarnsveden paper mill in Borlänge, transforming it into additional data center space.
Since 2023, EcoDataCenter and its owner, Areim, have garnered approximately EUR 1.8 billion in total financing. Johan Rydmark, the CFO, highlighted that such substantial capital acquisition reflects investor confidence and the scalability of EcoDataCenter’s business model. The firm serves notable clients, including major global enterprises like BMW and the translation service DeepL, reinforcing its reputation as a trusted partner for compute-intensive services.
Founded in 2019, EcoDataCenter has positioned itself at the forefront of technological advancements, driving its growth through a commitment to sustainability and high-performance computing. The company’s expansion strategy resonates with broader industry trends, where AI and high-performance computing are reshaping the operating dynamics of digital infrastructure. LionTree Advisors played a pivotal role as financial advisor for this financing round, while White & Case LLP provided legal support.
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