MENA's Global Ventures Leads €7.5M Seed Round for European Sovereign Cloud Startup PoliCloud
The leading Middle East & North Africa-based venture capital firm, Global Ventures, has announced it is leading a €7.5 million seed funding round for PoliCloud, a European startup specializing in sovereign, high-performance cloud (HPC) infrastructure. The investment signals Global Ventures' strategy of backing deep-tech companies that address critical global needs like digital sovereignty.
By the Numbers
€7.5 million: Total value of the seed funding round.
February 2025: The month PoliCloud was officially launched.
Global Ventures' Strategic Investment in Sovereign Tech
This investment by Global Ventures highlights the firm's ambition to expand its portfolio into strategic deep-tech sectors with global relevance. By leading the round for a European sovereign cloud provider, the MENA-based VC is securing a stake in the future of Europe's digital infrastructure. The move reflects a keen interest in technologies that provide security, efficiency, and data sovereignty for public and private institutions.
The Solution: PoliCloud's Sovereign HPC Cloud
PoliCloud, which officially launched in February 2025 during the World AI Cannes Festival, provides a distributed cloud infrastructure that is designed to be secure, environmentally efficient, and cost-effective. The platform, built in collaboration with Hivenet, is specifically tailored to meet the growing demand for digital sovereignty from government bodies and other institutions that need to maintain control over their data.
A Strong Syndicate of Investors
Global Ventures led a powerful syndicate of investors in this seed round. Other participants included the French National Institute for Research in Digital Science and Technology (Inria), the French fund OneRagtime, the investment office MI8 Limited, and several individual angel investors.
About Global Ventures
Global Ventures is a prominent international venture capital firm with deep roots in the Middle East and North Africa. The firm is known for investing in and supporting high-growth, scalable technology companies, backing visionary founders to help them transform industries and expand into global markets.
About PoliCloud
PoliCloud is a European technology company that develops and operates high-performance, sovereign cloud infrastructure. Its mission is to provide secure, efficient, and cost-effective cloud solutions for public and private institutions, with an initial focus on the European market.
Looking Ahead
With this new capital, PoliCloud plans to expand its operational team and accelerate its growth. The primary goal is to expand its operations globally, with a specific focus on serving government institutions across Europe. The backing from a major MENA investor like Global Ventures provides a strong foundation for this international expansion.
Source: Jawlah