Swedish fund manager Areim has raised €450 million ($481 million) to support the development of sustainable data centers, reinforcing efforts to reduce the environmental impact of the energy-intensive sector. The investment comes amid growing concerns over data center emissions, which are projected to reach 2.5 billion metric tons of CO₂-equivalent by 2030, according to Morgan Stanley.
Leif Andersson, founder of Areim and chairman of EcoDataCenter, highlighted the significance of securing capital at this scale. He emphasized the company’s commitment to driving innovation in digital infrastructure alongside its customers.
The funding, sourced from undisclosed international investors, will be deployed through EcoDataCenter, a company under Areim’s portfolio. Established in 2019, EcoDataCenter designs, builds, and operates data centers focused on reducing carbon emissions and optimizing energy efficiency through renewable energy and advanced technology.
Areim and EcoDataCenter have collectively secured approximately €1.2 billion in funding over the past two years, marking a substantial commitment to sustainable data infrastructure.
