Blacknut lands $215M from Digital Alpha to scale cloud gaming globally

What's the deal? Paris-based cloud gaming platform BlacknutDealroom has a profile for this one. Try Dealroom → has raised up to $215 million in growth equity from Digital AlphaDealroom has a profile for this one. Try Dealroom →, which becomes a strategic shareholder. The digital infrastructure investor led the round, announced August 18, 2026.

What does Blacknut do? The company streams video games over the cloud, serving more than three million subscribers across over 65 countries. Its catalog holds more than 1,000 games, delivered through partnerships with telecom operators, internet service providers, device makers, automotive companies, and publishers.

Where the money goes: Blacknut will spend on product development, content expansion, infrastructure, and international market growth. "This marks an important new chapter for Blacknut," said chief executive officer and founder Olivier Avaro, adding that cloud gaming "is rapidly becoming a critical distribution channel for the video gaming industry."

Why Digital Alpha? The investor brings a portfolio spanning next-generation networks, GPU computing, storage, and AI application delivery — the infrastructure that powers cloud gaming. Its holdings include PacketFabric, Massed ComputeDealroom has a profile for this one. Try Dealroom →, Cloudian, and Qwilt, giving Blacknut access to GPU capacity, operators, and delivery networks at scale.

By the numbers: The raise ranks in the 95th percentile of all-time growth equity rounds for gaming companies in France, based on a sample of 223 deals. That places it near the top of the category.

Why now? The global games industry passed $200 billion in annual revenue in 2025, according to NewzooDealroom has a profile for this one. Try Dealroom →, and cloud gaming is one of its fastest-growing segments. Fortune Business InsightsDealroom has a profile for this one. Try Dealroom → projects the cloud gaming market will grow at a compound annual rate of 26.8% through 2034.

The signal: The deal frames cloud gaming as a durable demand source for GPU infrastructure — the same hardware now powering AI. For Digital Alpha, it is a bet that gaming's predictable usage patterns and long hardware cycles make it an efficient anchor tenant for the compute networks it already backs.

Read more: Business Insider

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