EcoDataCenter has raised EUR 600 million in debt financing from Deutsche Bank Private Credit and Infrastructure, reinforcing its position as one of Europe’s fastest-growing providers of advanced digital and AI infrastructure. The funding will accelerate the company’s expansion and support large-scale data center development to meet the surging demand for high-performance computing.
“AI infrastructure is a new base industry, and we are building one of Europe’s most exciting companies in the sector. We are proud of the trust placed in us and look forward to continuing our journey toward becoming Europe’s leading player in high-performance data centers,” says Peter Michelson, CEO of EcoDataCenter.
The company has rapidly established itself as a key player in Europe’s digital economy. In 2024, EcoDataCenter partnered with AI hyperscaler CoreWeave to develop one of the continent’s largest AI clusters in Falun. Shortly after, the company acquired the Kvarnsveden paper mill in Borlänge to expand its capacity for advanced data centers. Together with its owner Areim, EcoDataCenter has secured approximately EUR 1.8 billion in financing since 2023. The newly raised capital will primarily be used to scale operations at the Falun and Borlänge campuses.
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“Our platform attracts partnerships with world-leading companies, and we have a proven ability to deliver the scale and flexibility our customer’s demand. The fact that we can attract financing of this magnitude is a testament to the strength of our business model and the confidence the market has in our team and strategy. Now it’s full speed ahead,” says Johan Rydmark, CFO of EcoDataCenter.
Since opening its first data center in Falun in 2019, EcoDataCenter has steadily expanded its footprint with a strong focus on compute capacity and sustainability. Its commitment to green innovation and high-performance infrastructure has earned the trust of leading global enterprises, including BMW, DeepL, and CoreWeave.
LionTree Advisors acted as financial advisor, while White & Case LLP served as legal counsel on the transaction.
