London’s Nscale signs €1.1 billion debt facility to deploy large-scale GPU clusters in Europe
Nscale, the British hyperscaler engineered for AI, announced it has signed a €1.1 billion ($1.4 billion) Delayed Draw Term Loan backed by the GPU DDTL to purchase GPU infrastructure to deliver service under multiple contracts.
The GPU DDTL was led by funds managed by PIMCO, Blue Owl, and LuminArx Capital Management, with support from additional asset managers and banks. This follows a €146 million Series A in late 2024, and a record-breaking €936 million Series B in Sept. 2025.
Josh Payne, Founder and CEO of Nscale says: “We’re seeing massive demand for AI infrastructure to support the needs of businesses and consumers. This GPU debt financing is a key step in meeting that demand – backing infrastructure that can be delivered faster and more cost-effectively than industry norms, whether that’s large-scale hubs in Norway to smaller metro clusters built for low-latency workloads.”
In 2025 a number of European AI infrastructure and compute-platform startups secured significant funding. Among these is DataCrunch, which secured €55 million in September 2025 to scale its high-performance compute platform from Finland, and NexGen Cloud, a London-based provider that raised €41 million in April 2025 to extend sovereign AI infrastructure services.
Together, these disclosed rounds (totaling €96 million in 2025 outside of Nscale’s recent debt finance) reflect growing investor interest in European alternatives to dominant hyperscalers.
Against this backdrop, Nscale’s latest €1.1 billion GPU delayed-draw term loan to finance GPU infrastructure purchases builds directly on its earlier equity rounds and positions the company to accelerate deployment of large-scale AI compute capacity for enterprise customers across Europe.
Founded in 2024, Nscale is an AI-native infrastructure platform, providing vertically integrated compute, networking, storage, managed software and AI services delivered in Nscale-owned and colocated data centres.
This financing directly supports Nscale while it builds large scale GPU deployments in support of the surging enterprise demand. Its strategically located data centres reportedly harness some of the lowest-cost renewable energy in the world, allowing Nscale to pass these significant savings directly to customers.
The GPU DDTL will be used to further Nscale’s deployment of large-scale AI infrastructure across Europe by allowing Nscale to utilise debt to finance a portion of GPU infrastructure purchases. The loan provides capital for capex spend associated with multiple GPU clusters for customers with executed contracts and additional liquidity for pipeline clusters.
This announcement comes following major milestones for Nscale over the last year – including contracts for multiple large scale compute clusters across the globe, along with expanding its leadership team and the acquisition of Future-tech, a European data centre engineering consultancy – in service of continuing to grow its global footprint.
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