🏆 Deal of the Week · CW 30/2024
Gcore raised EUR 60 million in a Series A round announced in July 2024; the company's valuation was not disclosed. The round was backed by Wargaming, HRZ, and Constructor Capital. The capital will be directed toward AI infrastructure development and global expansion of Gcore's edge cloud platform.
Gcore — key deal facts
| Company | Gcore |
| Founded | 2014 |
| Headquarters | Luxembourg City, Luxembourg |
| Amount raised | EUR 60M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | Wargaming, HRZ, Constructor Capital |
| Sectors | AI, Cloud Data Service |
Who invested in Gcore?
The Series A was funded by Wargaming, HRZ, and Constructor Capital. The investor mix is notable for combining a major gaming and technology company — Wargaming — with specialist growth and venture capital firms, signalling confidence in Gcore's positioning at the intersection of AI and distributed cloud infrastructure. No single lead investor was publicly designated.
What does Gcore do?
Gcore is a global edge cloud and AI infrastructure provider founded in 2014 and headquartered in Luxembourg City, Luxembourg. The company operates a distributed network spanning more than 180 points of presence across six continents, delivering services including content delivery, cloud computing, DDoS protection, and AI-optimised GPU cloud. Its platform is designed to reduce latency for enterprises, gaming operators, media companies, and AI workloads requiring proximity to end users. Gcore's GPU-as-a-service offering has become a core growth driver as demand for AI inference and training capacity accelerates.
Gcore valuation & multiples
No existing multiples data was provided for this transaction. Valuation benchmarks for comparable AI and cloud infrastructure businesses can be assessed using sector EV/Sales and EV/EBITDA ranges published on the Venionaire DealMatrix sector multiples pages. Readers seeking context on how the EUR 60 million Series A valuation compares to AI and cloud data service peers are invited to explore the relevant AI and Cloud sector multiples pages on DealMatrix.
Explore the benchmarks: Series A.
Frequently asked questions
How much did Gcore raise in its Series A?
Gcore raised EUR 60 million in its Series A round, announced in July 2024.
What is Gcore's valuation?
Gcore's valuation was not disclosed in connection with the Series A funding round.
Who invested in Gcore?
The Series A was backed by Wargaming, HRZ, and Constructor Capital.
When was Gcore founded and where is it based?
Gcore was founded in 2014 and is headquartered in Luxembourg City, Luxembourg.
Source: original announcement — read the full report.