EcoDataCenter completes a $22M investment deal with Areim for its carbon-positive data center.

EcoDataCenter, a Stockholm, Sweden-based company providing data center services, announced that it secured SEK 200M ($22M) in an investment deal. The transaction was made with a Swedish real estate fund managed by Areim.

As part of this agreement, Areim’s III real estate fund has bought into EcoDataCenter to become principal owner. Areim is a Nordic property owner and manages, via its funds, capital on behalf of both Swedish institutions and some of the world’s largest institutional investors.

The rationale of the investment is helping EcoDataCenter to become a Nordic alternative for major international players interested in establishing operations in the Nordic countries. Amazon, Google and Facebook are already present managing various data centers within Scandinavia.

EcoDataCenter, founded in 2014 and led by CEO Lars Schedin, has just finished the construction of the world’s first carbon-positive data center in Falun, Sweden. Data centers consume large amounts of energy and therefore produce substantial environmental emissions, not least carbon dioxide. EcoDataCenter’s data centers are designed and built to produce a minimum of carbon dioxide emissions, leading to greater efficiency and lower costs.