id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated
convertible-2026-09-25,2026-09-25,day,Closed round,convertible_note,Pre-IPO convertible notes,3360000000,3360000000,Third Point,"Also: Nvidia, Apollo funds, Citadel, Hudson Bay, Abu Dhabi Investment Council, 8090 Industries",,,Notes convert into shares once the IPO is completed (TechCrunch),,,,,,,,"Nscale, 25 Sep 2026",https://www.nscale.com/press-releases/pre-ipo-convertible-financing,https://techcrunch.com/2026/09/25/ahead-of-u-s-ipo-british-ai-neocloud-nscale-secures-3-36b-in-convertible-finacing/,"Convertible debt, not a priced equity round. Nvidia’s $1B tranche was due mid-November 2026; its funding is not confirmed in the sources read.",2026-11-13
ipo-filing-2026-09-18,2026-09-18,day,IPO filing,ipo_filing,"IPO filing (S-1, NYSE: NSCL)",,,,,,,Nscale: “the price range … ha[s] not yet been determined”. TechCrunch cites an FT report of a ~$35B target; not a filed or priced figure,,,,,,,,"Nscale, 18 Sep 2026",https://www.nscale.com/press-releases/nscale-files-initial-public-offering,https://www.sec.gov/Archives/edgar/data/2110365/000119312526458722/ck0002110365-20261112.htm https://www.cnbc.com/2026/09/18/nscale-ai-cloud-provider-ipo-nscl.html https://www.cnbc.com/2026/11/12/nscale-updates-ipo-prospectus-that-shows-widening-loss.html,Registration statement filed publicly 18 Sep 2026; S-1/A (Amendment No. 1) filed 12 Nov 2026 (SEC). Price range still blank; not priced as of 13 Nov 2026.,2026-11-13
series-c-2026-03-09,2026-03-09,day,Closed round,primary_equity,Series C,2000000000,2000000000,"Aker ASA, 8090 Industries",,14600000000,14600000000,Stated by Nscale (“values Nscale at $14.6 billion”); basis not stated,,,,,,,,"Nscale, 9 Mar 2026",https://www.nscale.com/press-releases/nscale-series-c,https://www.cnbc.com/2026/09/18/nscale-ai-cloud-provider-ipo-nscl.html,Co-led. Nscale calls it the largest Series C in European history. The Aker–Nscale Norway joint venture was rolled into Nscale alongside the round.,2026-11-13
series-b-2025-09-25,2025-09-25,day,Closed round,primary_equity,Series B,1100000000,1100000000,Aker ASA,"Also: Sandton Capital (existing); Blue Owl, Dell, Fidelity, G Squared, Nokia, Nvidia, Point72 and others",,,,,,,,,,,"Nscale, 25 Sep 2025",https://www.nscale.com/press-releases/nscale-series-b,,Nscale: the largest Series B in UK and European history.,2026-11-13
series-a-2024-12-09,2024-12-09,day,Closed round,primary_equity,Series A,155000000,155000000,Sandton Capital Partners,"Also: Kestrel 0x1, Blue Sky Capital Managers, Florence Capital",,,,,,,,,,,"Nscale, 9 Dec 2024",https://www.nscale.com/press-releases/ai-hyperscaler-nscale-secures-usd-155-million-in-series-a,,"Oversubscribed, per Nscale.",2026-11-13