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# Swiss startup Impossible Cloud Network raises EUR 28.8 million
- URL: https://sovereigntymonitor.eu/news/2025-07-03-impossible-cloud-network-funding-round/
- Published: 2025-07-03T12:00:00.000Z
- Updated: 2026-10-19T16:00:27.000Z
- Description: Zug-based Impossible Cloud Network raised EUR 28.8 million, led by NGP Capital, to build a decentralised cloud network it bills as an alternative to US hyperscalers. The Swiss startup also launched its ICNT token alongside the round.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, Compute and infrastructure, #news, #reported, #editor-read

Reported Editor-read [EU-Startups, 3 July 2025](https://www.eu-startups.com/2025/07/swiss-cloud-platform-impossible-cloud-network-icn-secures-e28-8-million-to-become-an-alternative-to-monopolistic-hyperscalers/?ref=sovereigntymonitor.eu)

**What it does not test.** This does not establish that any enterprise customer has moved workloads off AWS, Google or Azure onto the network.

**How this item counts.** This item is dated before the index starts on 1 January 2026, so it does not count in the [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/).

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above; read and approved by the editor on 2026-10-19\. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)