Cloud: Europe’s 6 most-funded companies in H1 2026
Cloud funding in Europe during the first half of 2026 concentrated on infrastructure investments totaling approximately €5.9 billion across eight transactions. The UK accounted for over 99% of funding, driven primarily by Nscale and Pure Data Centres, with debt financing playing a significant role due to capital-intensive data centre development. Smaller funding rounds in Germany and Czech Republic focused on cloud management, security, and application deployment, highlighting the disparity between major infrastructure projects and smaller cloud technology companies.
Key points
- €5.9 billion raised across eight cloud transactions in European H1 2026
- UK-based Nscale raised $4.19B for GPU computing and AI infrastructure
- Infrastructure investments dominated; debt financing significant for data centre projects
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