Nscale lands €1.1 billion facility to expand AI compute
London-based AI infrastructure provider Nscale has signed a €1.1 billion ($1.4 billion) Delayed Draw Term Loan to finance purchases of GPU infrastructure and speed up the rollout of large-scale compute clusters across Europe. The company said the facility supports delivery under multiple customer contracts and provides additional liquidity for planned deployments.
Backed by major asset managers
The GPU-focused DDTL was led by funds managed by PIMCO, Blue Owl, and LuminArx Capital Management, with participation from additional asset managers and banks. The financing follows Nscale’s earlier equity raises, including a €146 million Series A in late 2024 and a €936 million Series B in September 2025.
Faster deployment amid surging demand
Josh Payne, Founder and CEO of Nscale, said demand for AI infrastructure is rising rapidly and that the debt facility is intended to help deliver capacity “faster and more cost-effectively than industry norms,” ranging from large hubs in Norway to smaller metro clusters designed for low-latency workloads.
Founded in 2024, Nscale describes itself as an AI-native, vertically integrated platform spanning compute, networking, storage, managed software, and AI services delivered through company-owned and colocated data centres. The firm says its sites are positioned to access low-cost renewable energy, aiming to translate power savings into lower customer pricing.
Part of a broader European push
The announcement comes as European AI compute startups attract growing investor interest. In 2025, Finland’s DataCrunch raised €55 million and London-based NexGen Cloud raised €41 million, underscoring momentum for regional alternatives to dominant hyperscalers.
Nscale also highlighted recent milestones including contracts for multiple large-scale clusters, leadership expansion, and the acquisition of Future-tech, a European data centre engineering consultancy.
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