Avance advises Verda, a Finnish full-stack AI cloud company, in raising USD 189 million in new funding, comprising an oversubscribed Series B round and additional investment, which makes Verda Europe's latest unicorn.
The Series B round was led by Emergence Capital. Other investors participating in the financing include MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital (6DC), byFounders, Tesi (Finnish Industry Investment Ltd), and a group of angel investors including Ola Tørudbakken and Mark Saroufim (Core Automation and GPU MODE).