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EcoDataCenter raises an additional EUR 600 million
Stockholm, September 9, 2025 – EcoDataCenter has successfully secured EUR 600 million in debt financing from Deutsche Bank Private Credit and Infrastructure. The capital will be used to enable further growth and continue driving progress in advanced digital infrastructure.
“AI infrastructure is a new base industry, and we are building one of Europe’s most exciting companies in the sector. We are proud of the trust placed in us and look forward to continuing our journey toward becoming Europe’s leading player in high-performance data centers,” says Peter Michelson, CEO of EcoDataCenter.
EcoDataCenter has rapidly emerged as a leader in digital infrastructure. In 2024, the company entered a collaboration with AI hyperscaler CoreWeave to build one of Europe’s largest AI clusters in Falun. Shortly thereafter, it acquired the Kvarnsveden paper mill in Borlänge to establish additional data center capacity. Since 2023, EcoDataCenter and its owner Areim have secured a total of approximately EUR 1.8 billion in financing. The new capital will primarily be used to continue the expansion of the Falun and Borlänge campuses.
“Our platform attracts partnerships with world-leading companies, and we have a proven ability to deliver the scale and flexibility our customer’s demand. The fact that we can attract financing of this magnitude is a testament to the strength of our business model and the confidence the market has in our team and strategy. Now it’s full speed ahead,” says Johan Rydmark, CFO of EcoDataCenter.
EcoDataCenter opened its first facility in Falun in 2019 and has since established data centers with a focus on compute capacity. Thanks to its technological leadership and focus on sustainable development, the company has gained the trust of global leaders such as BMW, DeepL, and CoreWeave.
LionTree Advisors served as financial advisor and White & Case LLP served as legal counsel to EcoDataCenter on the transaction.
For more information, please contact:
John Wernvik, Chief External Relations Officer, EcoDataCenter
+46 70 899 31 66 | john.wernvik@ecodatacenter.se
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About EcoDataCenter
EcoDataCenter is a European leader in high-performance digital infrastructure, dedicated to powering progress with speed, scale and flexibility. The company designs, builds and operates data centers in Sweden for the most demanding cloud and AI applications. Thanks to technological leadership and a low carbon footprint, the company has earned the trust of world-leading companies such as BMW, DeepL and CoreWeave.
EcoDataCenter was founded in 2014 and is owned by a fund managed by the Nordic fund manager Areim.
About Deutsche Bank Private Credit and Infrastructure
The Deutsche Bank Private Credit and Infrastructure business (PCI) is Deutsche Bank’s US-based balance sheet lending platform. PCI provides financing to bank clients including corporates, projects and alternative investment managers using bank capital. PCI has a wide mandate to underwrite loan facilities including corporate, holdco, bridge, term, construction and development loans, as well as letters of credit, with a focus across digital, power and conventional infrastructure, venture debt and fund finance. In the last 8 years PCI has underwritten transactions in excess of $50 billion and currently maintains over $21 billion in balances outstanding.
