Fundz

USD.AI has led and closed a $106 million senior secured term loan facility for NexGen Cloud. This financing will support GPU capacity in Finland.

PRIVATEOct 29, 2026

Amount Raised

$106 Million

Round Type

Debt Financing

FinlandFinancial ServicesMarketplaceFintechLending

Investors

Usd.AiVictory Park CapitalSilver Point Capital

Description

USD.AI has announced a $106 million senior secured term loan facility for NexGen Cloud, aimed at financing GPU capacity in Finland. This marks NexGen's second financing with USD.AI, following a previous $34 million facility. The loan will fund 216 NVIDIA HGX B300 servers and 1,728 GPUs at a Tier III data center. The funding is fully contracted under a take-or-pay agreement.

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Company Information

Company

NexGen Cloud

Location

Finland

About

USD.AI operates the GPU Loan Exchange (GLX), the marketplace connecting institutional capital with AI infrastructure operators across the Compute Middle Market. It originates, structures and agents senior secured loans backed by GPUs and the contracted cashflows they generate. Borrowers get speed and certainty of execution while lenders get secured exposure to income-producing compute. For more information, visit their website.

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NexGen Cloud raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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