euNetworks builds and operates long-haul fiber and bandwidth infrastructure, connecting over 542 data centers. Its network spans roughly 45,000 kilometers across 17 countries. The company emphasizes sustainable development and high-quality connectivity solutions to meet rising data demand. euNetworks has secured a €2.1 billion equity recapitalization to bolster operations and accelerate expansion of its fiber networks across Europe. The new capital and investor partnerships are intended to solidify the company’s leadership position as AI and overall data consumption surge. A consortium of institutional investors is backing the round to help scale infrastructure while maintaining service quality. euNetworks delivers high‑bandwidth data centre‑to‑data‑centre connectivity across Europe, offering services such as Dark Fibre, Wavelengths, Ethernet and targeted cloud connectivity. The company owns 17 fibre‑based metropolitan networks and an intercity backbone covering 51 cities in 15 countries, directly connecting over 400 data centres. euNetworks continues to invest in new routes, multiple diverse paths and extensions into hyperscale data centre sites and aggregation points to meet rapidly growing customer capacity needs. Recent metro additions include Manchester, Milan, Madrid and Vienna, and the company completed the Rockabill subsea route linking Dublin to London and Lowestoft in late 2019. Management says it will deploy capital to support customers whose bandwidth requirements typically double annually. The company has secured additional capital to fund further organic growth, M&A and general corporate purposes.

Total raised

$2.6B

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2024