In the first half of 2026, European cloud companies secured approximately €5.9 billion across eight transactions. The UK accounted for over 99 percent of this total, with debt financing playing a major role in funding data center and AI infrastructure projects.
Nscale raised $4.19 billion through three deals, including a $2 billion Series C round in March. Pure Data Centres secured $2.7 billion to support its expansion across Europe and the Middle East.
Smaller rounds were recorded in Germany and the Czech Republic. Blocks raised $6 million from investors including Speedinvest and Caesar Ventures. German firm enclaive completed a €4.1 million seed round in February.
Czech startup Zerops raised $2 million in May led by Gi21 Capital to grow its team and platform. Cast AI reached a valuation exceeding $1 billion in January 2026, becoming Lithuania's fifth unicorn.
