Evroc’s €50.6M Series A Boosts Europe’s Cloud Independence
Stockholm Sweden, 20th March 2025 – The Swedish startup Evroc has secured €50.6 million (~$55 million) in a recent Series A funding round. With the new capital, it hopes to build a sovereign hyperscale cloud infrastructure in Europe. The funding was led by international investment firm blisce/ and also saw participation from EQT Ventures, Norrsken VC, and Giant Ventures.
Together, these investments mark another key milestone in minimizing the dependence of Europe on foreign cloud service providers from the U.S. and China. The funding will help Europe strengthen its cloud infrastructure while simultaneously addressing data sovereignty issues to achieve greater digital autonomy.
To that end, Evroc intends to build multiple data centers throughout the continent, with another emphasis on providing sustainable and secure cloud services. As part of the company’s plan with AI.
Evroc has announced the construction of an “AI Factory” in Mougins, France, as well as purchasing land for their flagship AI Data Center in Stockholm, Sweden, solidifying Evroc’s dedication to next-generation cloud computing and artificial intelligence.
Alexandre Mars, Founder & CEO of blisce/, also commented on this development:
“The European cloud and AI market has been too reliant on non-European players and this must change.”
It’s time for a European champion to step forward and disrupt the ordinary.
Cameron McLain, Co-Founder & Managing Partner at Giant Ventures, aligns with this position, asserting said
“Evroc Aidz EU companies in cloud computing and AI services with the needed quality and security for Europe’s advanced companies.”
Mattias Åström, CEO of Evroc, noted the company’s strategic objectives.
“This investment round has been crucial in enabling us to build the groundwork for our next growth phase after the recent announcements of our AI factory in France and our intended AI data center in Stockholm,” claims Åström.
With Europe intensifying the race for technological autonomy, this funding round positions the startup’s one of the frontrunners in the cloud and AI industries, which pose a challenge to established global leaders provided.
Read Latest Stories:
NVIDIA, Alphabet, and Google Collaborate to Advance AI Technologies
Oracle and NVIDIA Team Up to Supercharge Agentic AI for Enterprises
Cisco & NVIDIA Unveil Secure AI Factory for Enterprise Solutions
