Evroc Raises $55M for European Cloud
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Amid calls for sovereign EU tech stack, Evroc raises $55M to build a hyperscale cloud in Europe | TechCrunch
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Swedish startup Evroc raises $55 million in Series A funding.
Evroc aims to build a secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe ’s digital future.
At its launch in 2023 , Evroc outlined plans to establish eight data centers by 2028 .
CEO and founder Mattias Åström wants Europe to control its own destiny.
Evroc has raised $50.6 million in its Series A round.
The company plans to raise significantly more capital later in 2025 .
Evroc plans to borrow against collateral such as Nvidia chips to grow its footprint in Europe .
It plans to follow a similar funding model similar to CoreWeave , which has grown its footprint by borrowing against collateral.
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