Verda Raised $189 Million in Series B Round
The data center operator has secured new funding to expand its global capacity and platform reach.
Updated on Oct. 5, 2026 in Data Centers
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Verda has successfully raised $189 million in a Series B funding round led by Emergence Capital. This latest investment brings the firm's total capital raised to more than $450 million since its founding as DataCrunch in 2020.
Why it matters
The funding supports the company's aggressive strategy to scale its data center capacity and infrastructure, including the deployment of advanced hardware to meet rising computational demands.
Verda operates data centers using 100 percent renewable energy and plans to deploy Nvidia Vera Rubin NVL72 systems. The firm also aims to reach over 250MW of operational capacity by 2027.
The players
Verda
A data center operator founded in 2020 that focuses on running facilities on 100 percent renewable energy.
Emergence Capital
A venture capital firm that acted as the lead investor for Verda's Series B funding round.
The details
Verda intends to utilize this capital to accelerate platform investment and support the rollout of S3-compatible Object Storage. The company currently operates data centers in Finland and Iceland and plans to expand its footprint across Europe, the UK, the US, and Asia.
Timeline
2020: The company was founded as DataCrunch.
October 2024: Verda raised $13 million in seed funding.
September 2025: The firm secured $64.6 million in Series A funding.
April 2026: Verda raised $117 million in a funding round.
2027: The company targets more than 250MW of operational capacity.
The Tech Race
The adoption of Nvidia Vera Rubin NVL72 systems highlights the industry-wide push to modernize data centers for AI-heavy workloads. This move positions Verda to compete in a market increasingly defined by massive computational capacity and energy efficiency.
The expansion of Verda's data centers and the integration of new object storage could lead to improved performance and capacity for platforms relying on their cloud services. Customers may see enhanced scalability and faster data retrieval as the company rolls out its new technical capabilities.
The takeaway
Verda's latest capital infusion demonstrates the high investor demand for sustainable, high-capacity data infrastructure as global AI needs grow. Readers should track the company's regional expansion as a potential bellwether for data center growth in the renewable energy sector.
Further reading
Learn more about the infrastructure behind modern computing in our Data Centers section.
Source note: This article includes information reported by Datacenterdynamics.
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