EcoDataCenter accelerates growth journey with EUR 450 million in new funding

EcoDataCenter's owner, Areim, has successfully secured EUR 450 million in capital from leading institutional investors.

The capital will be used to enable further growth and drive the green transition in the data centre industry through EcoDataCenter. Over the past 2 years, Areim and EcoDataCenter have secured a total of approximately EUR 1.2 billion in funding.

"We are establishing one of the most exciting companies in the Nordics. Through our platform, we have established partnerships with some of the world's leading companies, which creates great investor confidence in what we do," says Peter Michelson, CEO of EcoDataCenter.

EcoDataCenter has quickly become a leader in digital infrastructure in Europe. In 2024, the company partnered with AI Hyperscaler CoreWeave to build one of Europe's largest AI clusters in Falun. Soon after the company secured a new mega site of +240 MW to establish additional data centres. A journey of expansion that now continues with the help of the new capital.

"It is a strong confirmation of our ability to raise capital of this scale. We will continue to drive the market for how digital infrastructure should be built together with our customers," says Leif Andersson, founder of Areim and Chairman of EcoDataCenter.

EcoDataCenter opened its first facility in Falun in 2019, and since then has established data centres with a focus on computing capacity. Due to its technological leadership, the company has gained the trust of world-leading companies such as BMW, DeepL and CoreWeave.

Prism Power Group seeks to bridge equipment and skills gaps in US data centre growth with an...
UrbanChain launches renewable power agreement, adding 120 GWh annually to support data centres.
Fluke Networks introduces CertiFiber Max, designed to provide efficient and accurate fibre...
Kao Data’s report highlights Slough’s growth as a major data centre hub supporting the UK’s...
Syntys acquires Q Data QFZ LLC, increasing its data centre capacity in Qatar and supporting local...
Zayo Europe partners with Reintel to enhance connectivity across Iberia, increasing network reach...
Ethos Engineering has expanded its presence in the UK through the acquisition of technology design...
Infinium announces Infinium Edge, a data centre platform supporting AI and HPC workloads through...