Evroc secures €50m to boost Europe’s tech independence

In March 2025, Evroc, a data centre start-up based in Sweden, successfully secured over €50 million in a Series A funding round, aimed at enhancing Europe's technological independence and growth. The funding round saw participation from prominent investors including Blisce, EQT Ventures, Norrsken VC, and Giant Ventures, reflecting a collective commitment to bolster Europe’s cloud and AI infrastructure against external competitors. The headquarters of Evroc is located in Stockholm, with additional offices in France and the UK, highlighting its expansive operational reach across Europe. Evroc aims to establish up to ten hyperscale data centres across the continent, employing over 10,000 people by the year 2030. The company has outlined plans for significant developments, including an AI factory set to launch in Mougins, France, and a new flagship AI data centre to be constructed in Stockholm. The investments made through this financing round are described as pivotal for Evroc’s strategic growth trajectory, with expectations that 2025 will be a transformative year. The CEO of Evroc, Mattias Åström, articulated the company’s mission to construct a secure, sovereign, and sustainable platform for cloud technology and AI in Europe. The recognition of such initiatives comes amid rising geopolitical tensions which have emphasized the urgency for Europe to assert its independence in the technological realm. The founder and CEO of Blisce, Alexandre Mars, echoed these sentiments, emphasizing a need for European champions to step forward and challenge the dominance of foreign tech powerhouses. This funding push is a concerted effort to initiate a paradigm shift toward technological autonomy within the EU, fostering an environment where European start-ups can thrive and prompt job creation. The successful completion of this funding round reflects prevailing sentiment in the investment community around the importance of establishing a competitive digital landscape in Europe. The strategic plans of Evroc to expand its infrastructure align with broader economic goals of enhancing job creation and ensuring sustainable technological development across the continent. By placing a strong emphasis on digital sovereignty, Evroc aims to provide European entities a fighting chance in the competitive space dominated by US and other foreign tech firms. The future trajectory of Evroc, buoyed by these investments, signals a notable pivot toward self-reliance and a more robust digital ecosystem within Europe, nurturing innovation and potential growth in the tech sector.