2015’s biggest investments: Verne Global £69.5m

Data centre developer Verne Global secures investment to fulfill Icelandic data centre campus growth plans

Company: Verne Global
Description: Data centre developer
Founders: Jeff Monrow, Isaac Kato
Based in: London
Raised: £69.5m ($98m)
Investors: Stefnir, Wellcome Trust, Novator Partners, General Catalyst

They said:

Jeff Monroe, Verne Global CEO: “In order to succeed in a data-driven economy, power capacity, reliability of the power grid and low-cost power are imperatives for delivery. All of these factors point to Iceland as the logical choice for computing.”

Arnar Ragnarsson of Stefnir: “Through this investment, Stefnir and its co-investors are supporting Verne Global in the continued growth of the Icelandic data centre industry and in creating added value from Iceland’s valuable energy resources.”

Read more about the deal here.

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