evroc Raises €50M to Expand AI Infrastructure in Europe
The funding will support an AI factory in France and a flagship data center in Sweden as part of evroc’s broader sovereign cloud strategy.
Elena Whitmore 
A significant Series A round in the Nordics
evroc, a cloud and AI infrastructure startup based in Sweden, has closed a €50 million Series A funding round—one of the largest of its kind in Northern Europe. The investment was led by international venture firm blisce/, with support from Giant Ventures, EQT Ventures, and Norrsken VC. The capital will go toward accelerating the company’s plans to establish sovereign digital infrastructure in Europe, with a focus on reducing dependence on foreign cloud providers.
The announcement marks a notable milestone in the region’s tech investment landscape. According to evroc, this round will lay the groundwork for the development of secure and localized alternatives to dominant global platforms, aligning with growing calls across Europe for technological autonomy.
Strategic investments in France and Sweden
The newly secured funds will drive two major infrastructure initiatives. First, evroc plans to build an AI factory in Mougins, located in southern France. This site will serve as a hub for advanced AI infrastructure development, aimed at supporting innovation in sectors increasingly reliant on high-performance computing.
Second, the company has identified land for a data center in Stockholm, Sweden, which will function as a central node in its emerging European cloud network. These efforts are part of a broader goal to deploy 10 hyperscale data centers across the continent by 2030.
Commenting on the developments, Mattias Åström, Founder & CEO of evroc, stated, “2025 will be a formative year for evroc. With the recent announcements of our AI factory in France and our plans for an AI data center in Stockholm, this financing round has been instrumental in laying the foundation for our next phase of growth.”
The wider context: Europe’s push for digital sovereignty
Europe continues to lag behind the United States in cloud adoption, with penetration rates at 41% compared to 78% across the Atlantic. This disparity has raised concerns about the region’s ability to compete in AI and other emerging technologies. According to Cameron McLain, Co-Founder & Managing Partner at Giant Ventures, evroc offers “world-class cloud and AI services” tailored to the needs of forward-looking European businesses.
As geopolitical tensions and regulatory shifts reshape the global tech environment, evroc’s expansion is seen as a timely response to regional demands for secure, compliant, and locally governed infrastructure. The company also aims to generate over 10,000 jobs through its operations by the end of the decade.
With its headquarters in Stockholm and development offices in Sophia Antipolis, France, and London, UK, evroc is positioning itself as a critical player in shaping a more self-reliant digital future for Europe.
