Swedish startup evroc raises €42 million Series A round for its sustainable hyperscale cloud

This news was covered on August 22, 2024 in the daily PRO newsletter.

evroc, an ambitious Swedish startup building a hyperscale sustainable cloud "to return data sovereignty to Europe", has raised €42 million in a Series A funding round at a pre-money valuation of €110 million, according to information submitted to the Swedish company registry, sourced via Eivora.

The company confirmed the funding to Di Digital. It was raised from existing investors EQT Ventures and Norrsken VC, and saw participation from French investment firm Blisce.

evroc was founded in 2022 by Mattias Åström, Andreas Birnik, and Andreas Jönsson.

In June 2023, evroc raised a €15 million seed round. In November of the same year, evroc said it was in the process of raising a total of €600 million in a combination of venture capital, debt and grants, for the flagship cloud centre next to Stockholm’s Arlanda airport.