Participated · Debt Financing · May 2026

Nscale builds and operates vertically integrated AI data centers, controlling everything from renewable energy sourcing and facility construction to the compute stack and orchestration layer. Backed by Nvidia, the company is developing ‘Stargate Norway,’ an installation targeting 100,000 Nvidia GPUs by the end of 2026 with OpenAI as an initial customer. In October it also partnered with Microsoft and Dell to deploy roughly 200,000 Nvidia GPUs across four data centers in Europe and the U.S. The firm positions itself as a low-cost, green alternative for AI compute, pledging to reuse waste heat and invest in local skills and infrastructure. Its latest funding round values the company at $14.6 billion, placing it among Europe’s few AI decacorns. Nscale plans to use the new capital to accelerate build-outs in Europe, North America and Asia while expanding its engineering and operations teams. The company has hinted at a possible IPO as early as this year to further bolster its capital base. High-profile board appointments—including Sheryl Sandberg, Susan Decker and Nick Clegg—underscore its growing prominence.

Participated · Seed · May 2026

Calori is focused on answering what a person needs to eat to be the healthiest version of themselves by combining personal data, scientific insights and real-world behavior. The company intends to build infrastructure that enables precision nutrition rather than guesswork. In early 2026 Calori raised a €1M pre-seed round led by Wave Ventures, with participation from Karaoke Club, Joyance Partners, Korpun Siemen Oy, angel investors from ŌURA, Wolt and AMD Silo AI, plus growth funding from Nordea. The funding is earmarked to continue product and infrastructure development. The announcement did not disclose revenue, user metrics, prior funding rounds or company valuation.

Participated · Debt Financing · Feb 2026

Founded in 2017 as a spin-off from Tampere University of Technology’s Optoelectronics Research Centre, Vexlum develops and manufactures vertically-integrated semiconductor laser systems that deliver high power at precisely controlled wavelengths. Its Vertical-External-Cavity Surface-Emitting Laser (VECSEL) platform addresses the shortage of compact, cost-effective, high-power lasers required for trapped-ion quantum computers, optical atomic clocks, semiconductor metrology, and satellite free-space communications. The company controls the full value chain, growing III-V semiconductor wafers via molecular beam epitaxy, fabricating chips in-house, and integrating them into complete laser systems. Operations are based in Tampere, Finland, with an additional presence in Boulder, Colorado. The newly raised capital will fund an expanded fabrication facility in Tampere, moving production from boutique volumes to industrial scale. Management targets €100 million in annual revenue by 2030 as it broadens adoption beyond quantum laboratories into wider photonics and space markets.

Led · Debt Financing · Nov 2025

Bulk Infrastructure Group AS is a leading Nordic provider of sustainable digital infrastructure, acting as an industrial investor, developer and operator across industrial real estate, data centers and dark fibre networks. Its flagship project is the N01 Data Center Campus in Vennesla municipality, Agder County, Norway, which is positioned as one of Europe’s largest and most scalable data center campuses. The campus couples access to abundant renewable energy with extensive international connectivity via Bulk’s subsea and terrestrial fibre networks. By integrating renewable power sources, the company targets environmentally responsible growth in the data-intensive economy. Bulk Infrastructure also leverages its dark fibre assets to strengthen connectivity for enterprise and hyperscale customers. The company’s strategy centers on expanding capacity at N01 to meet rising demand for sustainable, high-performance computing facilities. Recent financing activity, including a €410 million senior secured loan, underscores its commitment to continued campus development and infrastructure build-out.

Led · Debt Financing · Jan 2025

RELEX Solutions offers an end-to-end platform that unifies demand forecasting, merchandising, supply-chain, operations, and production planning for retailers and consumer-goods brands. Its software is used by large enterprises such as ADUSA, AutoZone, Coles, Dollar Tree & Family Dollar, M&S Food, PetSmart, and The Home Depot to increase product availability, boost sales, and cut supply-chain waste. Founded on the principle of minimizing waste, the company embeds sustainability into its core operations and product roadmap. Management asserts that its technology delivers both financial gains and measurable environmental benefits to customers. RELEX is experiencing rapid growth and seeks flexible financing to support that trajectory. The newly secured €10 million green revolving credit facility underscores the firm’s solid financial standing and lowers its cost of capital by tying borrowing to sustainability outcomes. This access to capital will fund projects that improve energy efficiency, curb emissions, and advance other environmentally positive initiatives.