Funding round
Nscale Seed
Nscale, which works in AI infrastructure solutions development in Norway, raised $30M in a Seed round announced on 1 Dec 2023. 4 firms took part. It is Nscale's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Nscale did not disclose a valuation in this round. It is under 1% of the $3.72B Nscale has raised in the venture rounds on record. Nscale raised again 12 months later: a Growth round of $433M in Dec 2024. Its next priced round, a Series C in Mar 2026, valued it at $14.60B.
Nscale's funding rounds
Nscale has 5 venture rounds on record and 5 other deals. This one is highlighted.
- Seed this round 1 Dec 2023 $30M
- Growth 1 Dec 2024, led by Blue Owl Capital $433M
- Series A 9 Dec 2024, led by Sandton Capital Partners $155M
- Series B 25 Sep 2025, led by Aker ASA $1.10B
- Debt not a venture round 12 Feb 2026, led by PIMCO, Blue Owl Capital and LuminArx Capital Management $1.40B
- Series C 9 Mar 2026, led by Aker ASA and 8090 Industries $2.00B$14.60B post-money
- Debt not a venture round 11 May 2026 $790M
- Debt not a venture round 7 Jul 2026 $900M
- Debt not a venture round 31 Aug 2026 $3.00B
- Debt not a venture round 28 Sep 2026, led by Third Point $3.36B
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Sandton Capital Partners new investor
- backs 4 venture-backed companies new investor
- Blue Sky Capital Managers new investor
- Florence Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
27 Seed rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $5.0M, and this round was 6.0 times the median. The closest in time, other companies' Seed rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 19 Dec 2023 | $2.5M | not disclosed | Iberis Capital |
| Hosting & Cloud Infrastructure Providers | 7 Nov 2023 | $4.2M | not disclosed | Andreessen Horowitz |
| Hosting & Cloud Infrastructure Providers | 10 Nov 2023 | $600K | not disclosed | Callapina Capital and Speciale Invest |
| Hosting & Cloud Infrastructure Providers | 16 Feb 2024 | $4.0M | not disclosed | Maple VC and Cherubic Ventures |
| Hosting & Cloud Infrastructure Providers | 21 Feb 2024 | $3.2M | not disclosed | Inovo |
| Hosting & Cloud Infrastructure Providers | 13 Mar 2024 | $5.4M | not disclosed | S Capital VC |
| Hosting & Cloud Infrastructure Providers | 27 Sep 2023 | $1.2M | not disclosed | Civo |
| Hosting & Cloud Infrastructure Providers | 14 Mar 2024 | undisclosed | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Nscale raise in its Seed round?
Nscale raised $30M in its Seed round, announced in Dec 2023.
Which investors took part in Nscale's Seed round?
Sandton Capital Partners, Kestrel0x1, Blue Sky Capital Managers and Florence Capital.
What was Nscale's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Hosting & Cloud Infrastructure Providers?
27 Seed rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $5.0M, and this round was 6.0 times the median.
Did Nscale raise again after this round?
Yes: a Growth round in Dec 2024 of $433M.