Stockholm-based evroc has secured over €50 million in a Series A funding round, marking the largest of its kind in the Nordic tech sector. The round was led by blisce/ and joined by Giant Ventures, EQT Ventures, and Norrsken VC. The company plans to use the funds to establish an AI factory in Mougins, France, and acquire land for a data center in Stockholm as part of its strategy to develop Europe’s sovereign cloud and AI infrastructure. Amid growing concerns over Europe’s reliance on foreign cloud providers, evroc aims to provide a regional alternative, addressing digital sovereignty and cloud adoption gaps.
evroc develops Europe’s first sovereign hyperscale cloud and AI infrastructure. With a focus on digital sovereignty, security, and sustainability, evroc aims to reduce Europe’s dependence on foreign cloud providers by building a network of hyperscale data centers across the continent. The company is expanding its presence with an AI factory in France and a flagship data center in Sweden, laying the foundation for a competitive European cloud ecosystem. By 2030, evroc plans to operate 10 data centers and create over 10,000 jobs, supporting Europe’s growing demand for cloud and AI services.
Considering today’s announcement, the newly appointed board member Alexandre Mars, Founder & CEO of blisce/, emphasized the urgency of Europe’s technological independence stating:
“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.”
Additionally, Cameron McLain, Co-Founder & Managing Partner at Giant Ventures, highlighted the impact of the investment noting that:
“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.”
Cloud adoption in Europe lags, with a penetration rate of just 41% compared to 78% in the United States, contributing to Europe’s productivity gap. With AI predominantly deployed in the cloud, failing to close this gap risks widening the technological and economic divide vis-a-vis the United States. With transatlantic relations entering a new paradigm, Europe’s push for digital autonomy has never been more critical. Mattias Åström, Founder & CEO of evroc, commented:
“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.”
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Read the orginal article: https://arcticstartup.com/evroc-raises-e50m-series-a/
