EcoDataCenter has successfully secured EUR 600 million in debt financing from Deutsche Bank Private Credit and Infrastructure. The capital will be used to enable further growth and build AI data centers in Sweden.
“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.
In 2024, EcoDataCenter – which can count companies such as BMW and DeepL as its clients – entered a collaboration with AI hyperscaler CoreWeave to build one of Europe’s largest AI clusters in Falun. Shortly thereafter, it acquired the Kvarnsveden paper mill in Borlänge to establish additional data center capacity. Since 2023, EcoDataCenter and its owner Areim have secured a total of approximately EUR 1.8 billion in financing. The new capital will primarily be used to continue the expansion of the Falun and Borlänge campuses.
“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.
Pictured: EcoDataCenter CEO Peter Michelson
