Swiss cloud platform Impossible Cloud Network (ICN) has completed approximately 28 million euros in financing, led by NGP Capital

according to EU-Startups, the data sovereignty Web3 cloud platform Impossible Cloud Network (ICN), headquartered in Zug, Switzerland, has completed a financing round of 28.8 million euros (approximately 33.91 million dollars), bringing its post-money valuation to over 398 million euros.

This oversubscribed financing combines new capital and previously undisclosed investments, including early investments from 1kx, Protocol Labs, No Limit Holdings, and HV Capital. The latest round of strategic financing was led by NGP Capital. ICN's native token $ICNT has also officially launched.