# Verne Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verne-global

- Industry: Business Support Services
- Headquarters: Iceland
- Website: www.verneglobal.com
- Total disclosed funding: $98M
- Latest round: Series D (Jan 12, 2015)
- Investors on record: 4

## About

Based in Iceland, Verne Global, Inc. provides advanced sustainable data center solutions that enhance digital infrastructure while prioritizing environmental responsibility.Verne Global, Inc. was founded in 2007 in Iceland and specializes in data center services. The company has experienced three funding rounds, with the most recent raising USD 27 mn on June 3, 2020, from investors including General Catalyst Partners and Wellcome Trust. The current CEO is Dominic Ward, while Isaac Kato is listed as the founder.Verne Global specializes in sustainable data center solutions that include colocation services, high-performance computing, and private cloud offerings, all powered by 100% renewable energy. Their facilities are located in Iceland, Finland, and the United Kingdom, serving clients from startups to large hyperscalers, and addressing needs in sectors like artificial intelligence and big data.In the most recent year of 2022, Verne Global reported a revenue of USD 47.95 mn and an EBITDA of USD 35.13 mn, generated primarily through B2B service agreements for colocation, power, and connectivity.Verne Global plans to leverage the USD 27 mn raised in June 2020 to enhance its service offerings and expand into new geographic markets. Specific upcoming products and services are anticipated, although release dates have not been disclosed. The company is focusing on regions that require robust data center capabilities, aiming to broaden its market reach.

## Funding rounds

- Series D, Jan 12, 2015, $98M — General Catalyst Partners, Wellcome Trust, Stefnir Asset Management, Novator

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series D
- Wellcome Trust — Series D
- Stefnir Asset Management (https://capitalatlas.ai/funds/stefnir-asset-management) — Series D
- Novator (https://capitalatlas.ai/funds/novator) — Series D