EcoDataCenter has secured an additional EUR 600 million in debt financing from Deutsche Bank Private Credit and Infrastructure, marking another milestone in the company’s push to expand its high-performance data center footprint across Europe.
The Swedish operator, which positions itself at the intersection of AI infrastructure and sustainable digital services, plans to channel the new capital into the ongoing development of its campuses in Falun and Borlänge. The move comes as demand for advanced computing capacity continues to surge, particularly for AI-driven workloads.
EcoDataCenter has Chief executive Peter Michelson described AI infrastructure as a “new base industry,” underlining the company’s ambition to become a leading European player in high-performance computing. The financing follows a series of strategic steps that have established EcoDataCenter as one of Europe’s faster-growing digital infrastructure providers.
In 2024, the company partnered with U.S.-based AI hyperscaler CoreWeave to build one of the continent’s largest AI clusters in Falun, a project that signaled Sweden’s rising importance on the global digital infrastructure map. Soon after, EcoDataCenter purchased the former Kvarnsveden paper mill in Borlänge to convert the industrial site into additional data center capacity.
EUR 1.8B Financing Secured Since 2023
With its latest round, EcoDataCenter and its owner Areim have secured roughly EUR 1.8 billion in financing since 2023. Chief financial officer Johan Rydmark emphasized that attracting capital of this magnitude highlights both investor confidence and the scalability of the company’s platform. Clients already include global enterprises such as BMW, translation service DeepL, and CoreWeave, further reinforcing EcoDataCenter’s credibility as a partner for compute-intensive workloads.
Founded in 2019 with its first facility in Falun, EcoDataCenter has built its brand around technological leadership and a sustainability-driven approach. The company’s expansion strategy reflects the broader industry trend where AI and high-performance computing are reshaping the economics of digital infrastructure.
LionTree Advisors acted as financial advisor on the transaction, while White & Case LLP provided legal counsel.
