Evroc's $55M Funding Boost Fuels European Digital Sovereignty Ambitions
- Swedish-based start-up Evroc raises $55M Series A to build European sovereign cloud infrastructure as a US tech alternative.
- The company operates facilities in Stockholm and Paris with Frankfurt expansion underway and AI-focused data centers planned for 2026.
- Funding addresses growing calls for European digital sovereignty amid geopolitical tensions with US tech giants.
A Swedish startup has secured €50.6 million ($55 million) in Series A funding to build what it hopes will become Europe's answer to AWS and other American cloud giants.
Evroc aims to develop a "secure, sovereign, and sustainable hyperscale cloud" that could reshape Europe's digital future and reduce dependency on foreign tech infrastructure.
The funding announcement comes amid intensifying calls for European digital sovereignty.
Just this week, a tech industry coalition urged EU lawmakers to take "radical action" to decrease reliance on foreign-owned digital infrastructure, pushing for homegrown alternatives to apps, AI models, chips, and cloud services.
Founded three years ago, Evroc initially launched with €13 million in funding and ambitious plans to establish eight data centers by 2028.
Currently, the company operates two co-location facilities in Stockholm and two in Paris.
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By the end of Q2 2025, the company expects to have two additional facilities operational in Frankfurt, with construction underway on flagship data centers in Sweden and France scheduled for completion in 2026.
"These facilities are designed for the energy density required for AI, where racks can consume 20 times what a traditional server rack can," explained CEO Mattias Åström, noting they will feature liquid cooling alongside compute and storage servers.
Though not yet formally launched, Evroc is already working with early beta customers in industries with high sovereignty requirements, including defense, public sector, healthcare, and financial services.
The geopolitical context makes Evroc's mission increasingly relevant. Recent actions by the Trump administration against the International Criminal Court and Elon Musk's admitted throttling of Ukrainian access to Starlink satellites highlight the risks of infrastructure dependence.
"I simply want Europe to control its own destiny," Åström told TechCrunch. "And while we're at it, try to build something that is better."
The Series A round includes investments from U.S.-European venture firm Blisce, EQT Ventures, Norrsken VC, and Giant Ventures.
While this funding primarily supports software stack development, Åström confirmed plans to raise billions more in 2025, likely using a debt-financing model similar to other cloud infrastructure players like CoreWeave, which borrows against collateral such as Nvidia chips.
Edited by Annette George
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