🏆 Deal of the Week · CW 50/2024
Nscale raised USD 155 million in a Series A round in December 2024; no valuation was disclosed. The round was backed by Sandton Capital Partners, Kestrel 0x1, Florence Capital, and Bluesky Capital.
Nscale — key deal facts
| Company | Nscale |
| Founded | 2023 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 155M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | Sandton Capital Partners, Kestrel 0x1, Florence Capital, Bluesky Capital |
| Sectors | Artificial Intelligence |
Who invested in Nscale?
The Series A was funded by four institutional investors: Sandton Capital Partners, Kestrel 0x1, Florence Capital, and Bluesky Capital. The investor mix is notable for combining specialist technology-focused capital with infrastructure-oriented backers, reflecting the capital-intensive nature of GPU data centre buildout. No single lead investor was publicly designated.
What does Nscale do?
Nscale is a UK-based AI infrastructure company founded in 2023 and headquartered in London. The company builds vertically integrated, AI-ready data centres and provides full-stack GPU computing, networking, and orchestration software. Its core offerings include a Serverless Inference platform and cloud access to high-density GPU clusters. Nscale operates data centres across the United States, the United Kingdom, and Norway, including a large facility in Glomfjord, Norway, situated above the Arctic Circle.
Nscale valuation & multiples
No verified multiples data was provided for this transaction. Valuation was not disclosed at the time of the Series A close, which prevents derivation of EV/Sales or EV/EBITDA figures. Investors seeking sector context can explore relevant AI infrastructure and data centre multiples on the Venionaire DealMatrix sector multiples pages.
Explore the benchmarks: Series A.
Frequently asked questions
How much did Nscale raise in its Series A?
Nscale raised USD 155 million in its Series A round, announced in December 2024.
What is Nscale's valuation?
Nscale's valuation was not disclosed at the time of its Series A closing.
Who invested in Nscale?
The Series A investors were Sandton Capital Partners, Kestrel 0x1, Florence Capital, and Bluesky Capital.
When was Nscale founded and where is it based?
Nscale was founded in 2023 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.