Verda raises $117M in combined equity and debt financing led by Lifeline Ventures for AI cloud infrastructure expansion
Type: Financing · Technology: Data Center · Country: Finland · Value: $117M · Announced: 2026-04-27
Finland-based AI infrastructure provider Verda secured $117 million in a combined equity and debt financing round led by Lifeline Ventures, with participation from byFounders, Tesi, and Varma, alongside debt financing from a group of Nordic financial institutions. The funding will accelerate platform development and support Verda's expansion into the US, Europe, and Asia as it targets AI workloads requiring optimized infrastructure and direct GPU-backed compute access. Verda, which counts customers including Nokia and ExpressVPN, reported a revenue run rate exceeding $60 million in Q1 2026, doubling from previous periods, though the company did not disclose margins or capital intensity. The company participates in Nvidia's Preferred Partner Program, highlighting its reliance on Nvidia GPUs amid industry-wide supply constraints that currently shape workload placement decisions. Analysts note that Verda's strategy focuses on vertically integrated systems for high-intensity AI training and inference workloads, where smaller providers can optimize stacks more effectively than hyperscalers burdened by multi-tenant complexity.
Counterparties
- Verda (Borrower)
- Lifeline Ventures (Investor)
- Tesi (Investor)
- Varma (Investor)
- Nordic financial institutions (Lender)