Swedish data center firm Evroc has secured €50.6 million ($55m) in Series A funding to fuel its European build-out.

The investment round was announced this week, led by technology investment firm Blisce/ with Giant Ventures. Existing backers EQT Ventures and Norrsken VC also participated.

The company said the round will accelerate its goals, including the launch of a data center in Mougins, France, and the acquisition of land for an AI data center in Stockholm, Sweden.

Launched in 2023, Swedish start-up Evroc aims to develop highly sustainable hyperscale facilities across Europe and offer cloud services. By 2030, Evroc aims to operate 10 hyperscale data centers across Europe.

Founded in 2014, Blisce/’s investments include Spotify, Pinterest, Headspace, and Too Good To Go.

Alexandre Mars, founder & CEO of Blisce/, said: “For too long, the European cloud and AI landscape has been dominated by foreign players. It is time for a European champion to rise and challenge the status quo. With Evroc, Europe is taking a decisive step toward securing its digital sovereignty, shielding the continent from rising geopolitical tensions.”

Cameron McLain, co-founder & managing partner at Giant Ventures, added: “Evroc provides European businesses with world-class cloud and AI services, delivering the performance and security required by Europe’s forward-thinking companies. We see Evroc as a beacon for the continent’s next wave of growth and innovation.”

Plans for Evroc’s first site – outside Stockholm in Arlandastad, Sweden – were first announced in late 2023. The company recently closed on the sale of the site and aims to invest €600 million ($640m) in the project.

Evroc is aiming to break ground in Arlandastad in the first half of 2025 and expects the site to be operational by the latter half of 2026. Specifications for development haven’t been shared – but Sifted previously reported it will span 3,500 sqm (37,675 sq ft). The company said the Swedish data center will be designed to contain 16,000 GPUs at full capacity.

The company recently announced plans for a 96MW facility in France outside Cannes, in Mougins. The company said it aims to invest €4 billion ($4.1bn) in the project, which will be built out in phases.

Evroc said it also plans to secure two additional 100MW+ sites in France over 2025 – further details weren’t shared.

Mattias Åström, founder & CEO of Evroc, said: “2025 will be a formative year for Evroc. With the recent announcements of our AI factory in France and our plans for an AI data center in Stockholm, this financing round has been instrumental in laying the foundation for our next phase of growth. Support from existing investors EQT Ventures and Norrsken VC, together with our new investors Blisce/ and Giant Ventures will be essential to drive our European expansion. Together, we aim to build a secure, sovereign, and sustainable cloud and AI platform for Europe, and thereby empowering the next generation of EU startups, fueling job creation, and driving economic growth.”

According to Techcrunch, the company has facilities in development across Stockholm, Paris, and Frankfurt.