Tech Company Financing Transactions
Evroc Funding Round
Evroc closed a $14 million Seed financing round on 6/6/2023. Investors included EQT Ventures and Norrsken VC.
Transaction Overview
Company Name
Announced On
6/6/2023
Transaction Type
Venture Equity
Amount
$14,000,000
Round
Seed
Investors
EQT Ventures (Lead Investor)
Norrsken VC (Lead Investor)
Proceeds Purpose
The company will use the funds to build fully localized, hyperscale data centers across Europe.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Katarinavagen 15
Stockholm, 116 45
SE
Stockholm, 116 45
SE
Phone
Undisclosed
Website
Email Address
Overview
Founded to power a digital Europe, evroc is building a secure, sovereign and sustainable hyperscale cloud that will put an end to the foreign dominance of the European cloud market. The lack of competitive home-grown cloud providers poses a serious challenge for Europe. Not only because citizens' data is placed under foreign ownership by companies operating under laws that conflict with European privacy legislation. It also poses a real threat to Europe's long-term competitiveness in a world where the United States and China are advancing much faster. Foreign cloud companies end up doing little software and hardware development in Europe. This keeps the positive ripple effects and value creation for the economy outside of the EU.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mattias Åström
Co-Founder
Andreas Birnik
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