Nscale

Investor: ABN AMRO, DNB, Eksfin, Nordea, SEB

London-based vertically integrated AI infrastructure company Nscale has secured a massive £580 million ($790 million) debt financing package to fund the continued development of its flagship AI data centre in Narvik, Norway. The committed facility was provided by a powerful Nordic banking syndicate including ABN AMRO, DNB, Eksfin, Nordea, and SEB. Summary of transaction details: Value: £580 million ($790 million) Committed Debt Facility Sector: DeepTech & AI / AI Infrastructure / Data Centres Advisor: Not disclosed Key Entities: Target: Nscale; Mandated Lead Arrangers & Bookrunners: ABN AMRO, DNB, Eksfin (Export Finance Norway), Nordea, SEB; Key Executive: Josh Payne (Founder & CEO) Location: London, UK (HQ) / Narvik, Norway (Data Centre) Note: Nscale is building the physical and digital foundations to train and deploy generative AI workloads from cloud to edge. This $790 million debt package represents the largest AI infrastructure investment in Norway and includes an uncommitted accordion feature of an additional $790 million to potentially fund a further 115MW expansion at the Narvik site. This capital injection follows a blistering run of financing for the hyperscaler, building on a $1.4 billion delayed-draw term loan in February and a $2 billion Series C equity round in March 2026. The new Nordic financing directly supports Nscale's recent agreement with Microsoft, which will see Microsoft rent vast GPU capacity at the Narvik campus.

Investor: Aker ASA, 8090 Industries

AI hyperscaler Nscale, a London-based large-scale cloud provider specializing in AI data centers, has secured $2 billion (£1.5 billion) in a Series C funding round. This substantial capital infusion will be directed towards expanding its AI infrastructure platform across Europe, North America, and Asia, further solidifying its integral role in the global AI ecosystem. This landmark investment, led by Aker ASA and 8090 Industries, represents the largest Series C round in European history and values Nscale at $14.6 billion.Summary of transaction details:Value: £1.5 billion (Series C Funding)Sector: Artificial Intelligence, Cloud Infrastructure, Data Centers, AI-native InfrastructureAdvisor: Not DisclosedKey Entities: Nscale (Target), Aker ASA and 8090 Industries (Lead Investors); Supporting Investors: Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, Point72Location: London (Target HQ), Global Expansion (Funding Use)Note: This significant Series C round is set to significantly accelerate Nscale's global expansion and development of its vertically integrated AI infrastructure. The strategic additions to its board, including Nick Clegg, Sheryl Sandberg, and Susan Decker, highlight a strong focus on leadership and expertise to navigate the rapidly evolving AI landscape and capitalize on the massive infrastructure buildout predicted for the coming years.Nscale's rapid growth and strategic support from industry giants like NVIDIA and OpenAI underscore its potential to be a foundational component of the accelerating global AI revolution, described by its CEO as the "fourth industrial revolution".

Investor: PIMCO, Blue Owl, LuminArx Capital Management

Nscale, a UK-headquartered AI hyperscaler, has successfully secured a £1 billion delayed draw term loan to significantly expand its GPU infrastructure and data centre capabilities across strategic locations including Norway, Portugal, Iceland, and the UK. This financing follows recent substantial equity raises, highlighting strong investor confidence in its growth trajectory.Summary of transaction details:Value: £1,000,000,000 GBPSector: AI Infrastructure, Data Centers, Hyperscale ComputingAdvisor: Not explicitly mentionedKey Entities: Nscale (Target), PIMCO, Blue Owl, LuminArx Capital Management (Lead Investors)Location: London (HQ), operations in Norway, Portugal, Iceland, UKNote: This substantial debt financing reflects the urgent market demand for scalable and cost-effective AI compute infrastructure. Nscale's strategic focus on renewable energy-powered data centers allows it to meet high demand efficiently while providing significant operational savings to its customers in a competitive global landscape.

Investor: Blue Owl Managed Funds, Dell, NVIDIA, Nokia

Nscale, a London-based AI hyperscaler company, has successfully closed a $433 million (£320 million) pre-Series C funding round. This new investment comes swiftly after its recent $1.1 billion Series B round, underscoring significant investor confidence in its AI-focused data infrastructure technology.Summary of transaction details:Value: £320,000,000Sector: DeepTech & AIAdvisor: Not disclosedKey Entities: Nscale (Target); Blue Owl Managed Funds, Dell, NVIDIA, Nokia, and other existing investors (Investors)Location: London, UK (Target company's base)Note: The transaction highlights the booming demand for AI infrastructure globally, with Nscale attracting substantial capital to support its rapid growth and meet the increasing needs of governments and major technology firms in the AI sector.

Investor: Aker ASA

Nscale, a London-based AI data centre firm, has successfully secured $1.1 billion (£824 million) in a Series B funding round. This significant investment, led by Norwegian investor Aker ASA with support from existing stakeholders NVIDIA and Dell, represents a record total for the UK and European markets.Summary of transaction details:Value: £824 millionSector: DeepTech & AIAdvisor: Not mentionedKey Entities: Nscale (Target), Aker ASA (Lead Investor), NVIDIA, Dell (Investors)Location: London, UK (Headquarters)Note: This funding is earmarked to further Nscale's global deployment of large-scale AI infrastructure, including the rapid rollout of data centres and expansion of its vertically integrated AI cloud platform. The investment underscores the strategic importance of robust physical infrastructure in supporting the evolving AI landscape and positions Nscale to meet the growing demand for AI compute and services.