EcoDataCenter secures €450m for green transition

Author: Carly Weller

EcoDataCenter‘s owner, Areim, has successfully secured €450m in capital from leading institutional investors. The capital will be used to enable further growth and drive the green transition in the data centre industry through EcoDataCenter. Over the past two years, Areim and EcoDataCenter have secured a total of approximately €1.2bn in funding.

“We are establishing one of the most exciting companies in the Nordics. Through our platform, we have established partnerships with some of the world’s leading companies, which creates great investor confidence in what we do,” says Peter Michelson, CEO of EcoDataCenter.

EcoDataCenter has quickly become a leader in digital infrastructure in Europe. In 2024, the company partnered with AI Hyperscaler CoreWeave to build one of Europe’s largest AI clusters in Falun. Soon after, the company secured a new mega site of +240MW to establish additional data centres. A journey of expansion that now continues with the help of the new capital.

“It is a strong confirmation of our ability to raise capital of this scale. We will continue to drive the market for how digital infrastructure should be built together with our customers,” says Leif Andersson, founder of Areim and Chairman of EcoDataCenter.

EcoDataCenter opened its first facility in Falun in 2019, and since then has established data centres with a focus on computing capacity. Due to its technological leadership, the company has gained the trust of world-leading companies such as BMW, DeepL and CoreWeave.

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