ADI Data Center — Unstaged equity · €4.8M

Data Center Euskadi S.L. (ADI) raised €4.8M in a capital increase, doubling its share capital to €9.6M (entered in the Mercantile Registry on 26 Dec 2024). Kutxabank, Iberdrola, Mondragon and the Bizkaia and Gipuzkoa provincial councils (through Seed Capital Bizkaia and Seed Gipuzkoa) joined the founding partners: the Basque Government, Teknei, Dominion, Euskaltel and Gertek. The Basque Government put in €720,000 (15%), as approved by Decree 379/2024. The money funds the second site in Arrasate/Mondragón. Separately, the Basque Government lent ADI €14.9M for its first steps; that loan is not a funding round.