The Nordic Investment Bank has signed a four year, 22 million euro loan with Verda Cloud Oy, the Helsinki based AI infrastructure company, backed by the InvestEU program and earmarked specifically for expanding the company's high performance computing capacity.

The loan arrives just months after Verda closed a 102.5 million euro funding round, worth roughly 117 million dollars, in April 2026, a raise that combined equity led by Lifeline Ventures with debt financing from a group of Nordic financial institutions. The new NIB facility adds another layer of debt capital on top of that earlier round, specifically structured to fund the acquisition of graphics processing units and related infrastructure.

Financing the Physical Layer of AI Compute

According to the loan announcement, the financing will support investments in high performance computing infrastructure and is intended to back the development of European digital infrastructure through an EU based cloud service provider. The structure reflects a financing pattern increasingly common among AI infrastructure companies, where equity rounds fund product development and market expansion while dedicated debt facilities cover the capital intensive purchase of GPUs and data center hardware.

Verda, formerly known as DataCrunch before rebranding in November 2025, builds vertically integrated AI cloud infrastructure that gives developers and organizations on demand access to high performance compute, aiming to remove the friction typically associated with traditional cloud procurement processes. The company manages its stack end to end, from physical servers and data centers through to the developer facing tools and services used to build AI applications.

A Financing Journey Built on Layered Debt and Equity

Verda's approach to funding has consistently combined equity, debt and grant financing since its earliest days. The company's founder has previously described starting with personal savings to get its first servers running, followed by a pre‑seed round, an ELY‑keskus grant, a convertible note and an early loan from Nordea in 2021, all combined into a financing package worth close to a million euros at the time.

That layered financing strategy continued through the company's 2025 Series A, which raised a total of 55 million euros combining both equity and debt capital, and now extends into this latest NIB facility. The consistent use of debt alongside equity reflects the nature of the business itself, since AI infrastructure companies need continuous capital to keep pace with GPU acquisition cycles, a capital intensity that pure equity financing alone often cannot sustainably support at scale.

Strong Underlying Business Metrics

Verda's most recent funding announcements have highlighted a company already generating meaningful revenue rather than operating purely on growth capital. The company said its operations are cash flow positive, with an annualized revenue run rate that doubled to more than 60 million dollars during the first quarter of 2026. Verda counts itself among a select group of Nvidia Preferred Partners globally and has worked with companies including 1X, Nokia, ExpressVPN and Freepik.

The company's data centers in Finland run entirely on renewable energy, drawing on the Nordic region's advantages in low cost hydroelectric and wind power along with efficient natural cooling, positioning Verda's environmental profile as a differentiator against traditional hyperscale cloud providers.

Expanding Beyond the Nordics

Verda's April funding round was explicitly earmarked for international expansion, with plans to launch in the UK, the US and Asia while hiring more than 100 new employees across engineering, its AI Lab and go to market functions by the end of 2026. The new NIB loan complements that expansion push by ensuring the company has dedicated capital specifically allocated to the physical infrastructure, GPUs and computing hardware, needed to serve growing demand without diverting equity capital away from international market entry and hiring plans.

As demand for AI compute continues to outpace available supply across Europe, Verda's ability to combine equity, debt and public financing instruments like the NIB loan may prove to be as important to its growth trajectory as its underlying technology, giving the company a funding model built to keep pace with the capital intensity of the AI infrastructure business.