Swedish fund manager Areim has raised €450 million (US$481 million) to support sustainable data center development.

The announcement was made on Mar.5, and the funding aims to reduce the environmental impact of data centers through its subsidiary, EcoDataCenter.

Areim has not disclosed the identities of the international investors who contributed to the fund.

EcoDataCenter, based in Sweden, operates facilities designed to minimize emissions and optimize energy efficiency by using renewable energy and new technologies.

Its first data center was launched in Falun, southern Sweden, in 2019.