Swiss startup Impossible Cloud Network raises EUR 28.8 million

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.

Reported Editor-read EU-Startups, 3 July 2025

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.

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

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