EcoDataCentre 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 continue driving progress in advanced digital infrastructure.

“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 centres,” says Peter Michelson, CEO of EcoDataCentre.

EcoDataCentre has rapidly emerged as a leader in digital infrastructure. In 2024, the company 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 centre capacity. Since 2023, EcoDataCentre 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 EcoDataCentre.

EcoDataCentre opened its first facility in Falun in 2019 and has since established data centres with a focus on compute capacity. Thanks to its technological leadership and focus on sustainable development, the company has gained the trust of global leaders such as BMW, DeepL, and CoreWeave.

LionTree Advisors served as financial advisor and White & Case LLP served as legal counsel to EcoDataCentre on the transaction.

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