Private debt investment in DataCrunch

Armada Fund VI has closed its seventh investment and provided debt and equity financing to support the growth of DataCrunch.

DataCrunch is a Finnish cloud service provider that delivers high-performance graphics processing unit (GPU) infrastructure for artificial intelligence (AI) and machine learning workloads, giving businesses cost-effective access to powerful compute clusters without the need to invest in or maintain their own hardware. DataCrunch achieves industry-leading environmental sustainability by using Finnish data centres, operating entirely on renewable energy, using efficient cooling, and contributing waste heat to local district heating systems. Armada’s financing of DataCrunch reflects our commitment to support ambitious Nordic companies which contribute towards green transition.

“DataCrunch is a remarkable Finnish business which has already in its short history demonstrated very high growth, done so profitably and in the most environmentally friendly way possible. We are proud to be backing DataCrunch and excited to join their next stage of growth,” said Seppo Toivio, Partner and Deal Responsible at Armada Credit Partners.

For more information, please contact Seppo Toivio (+358 40 486 2790) at Armada Credit Partners