Verda raises EUR 100 million – plans to hire 100+ people and launch in new markets this year
Ruben Bryon, the founder and CEO of Verda
Helsinki-based AI infrastructure company Verda (formerly DataCrunch) has raised EUR 100 million (USD117M) in new funding. The round comprises equity funding led by Lifeline Ventures with participation from byFounders, Tesi, Varma, and other investors, alongside debt financing from a group of Nordic financial institutions. The company plans to use the new funding to hire over 100 people and expand into new markets this year, including the UK and the US, to meet growing demand.
Founded in 2020, Verda is building AI cloud infrastructure that allows developers and organizations to access high-performance compute on demand and at scale without the friction of traditional cloud procurement. The company handles everything from physical servers and data centres to the tools and services teams use to build AI. Its data centres in Finland run on 100% renewable energy, leveraging the Nordics’ natural advantages in clean electricity and cooling efficiency.
Verda’s operations are already cash flow positive, with revenue run rate doubling to over $60M during the first quarter of 2026. The company is one of a select group of NVIDIA Preferred Partners globally and it works with household names such as Nokia, 1X, ExpressVPN, Freepik, among others.
“The demand for computing keeps growing to enable continuous development and adoption of AI worldwide. Verda is built AI-native from day one and is in an excellent position to keep capturing more markets by providing essential infrastructure technology precisely for AI computing. Europe needs to own a larger part of its technology stack, and Verda is a prime example of what we need for enhancing European data sovereignty. For these reasons, we are pleased to continue backing the excellent Verda team as they scale even further,” says Samppa Sirviö, Investment Manager at Tesi.
Tesi made its initial investment in Verda in 2025. Through its investments, Tesi aims to develop expertise clusters and support high-potential Finnish companies in scaling internationally.
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Additional information:
Samppa Sirviö, Investment Manager, Venture and Growth Investments
samppa.sirvio@tesi.fi
+358 50 518 6063
Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies, and to new industrial scale businesses. tesi.fi | X (Twitter) | LinkedIn | Instagram | Bluesky | Threads | Newsletter