Swedish cloud infrastructure startup Evroc has secured €50.6 million ($55 million) in Series A funding to establish a hyperscale cloud infrastructure tailored to Europe’s unique digital needs. The investment arrives amid increased calls for digital sovereignty, aiming to reduce Europe’s reliance on foreign-owned tech infrastructure.
Founded in 2023, Evroc has ambitious plans to develop eight data centers across Europe by 2028. Currently, it operates facilities in Stockholm and Paris, with another data center scheduled to launch in Frankfurt by mid-year. Two flagship data centers, specifically designed for energy-intensive AI workloads, are also under construction in Sweden and France and are expected to be operational by 2026.
Evroc’s founder and CEO, Mattias Åström, emphasized the importance of the company’s mission, noting that Europe urgently needs independent digital infrastructure capable of supporting high-powered computing tasks like artificial intelligence. Evroc’s upcoming data centers will feature advanced liquid cooling technologies to efficiently manage the significantly increased energy demands of AI-driven computing—up to 20 times greater than traditional data centers.
This strategic initiative directly responds to growing concerns within the European tech community about overreliance on U.S.-based cloud providers. Evroc’s development of sovereign data centers aligns with the European Union’s push for stricter data residency and privacy regulations, promoting greater local control over critical digital infrastructure.
The company is already engaging early-stage customers in sensitive sectors, including defense, healthcare, finance, and government, where data sovereignty is paramount. Evroc plans to officially launch its full range of cloud services later this year, marking a significant step toward Europe’s digital autonomy and economic competitiveness.
This funding round underscores a broader European ambition to build a fully sovereign tech ecosystem, positioning Evroc at the forefront of efforts to create a secure, scalable, and sustainable digital infrastructure across the continent.
