AAA Etix Everywhere collates series C funding

Etix Everywhere collates series C funding

Luxembourg-based data centre manager Etix Everywhere attracted €56m ($62.7m) on Monday in a series C round that included subsidiaries of infrastructure conglomerate Keppel and financial services firm SBI Holdings.

Keppel Data Centres and SBI Crypto Investment were joined by STOA, a fund backed by French government-owned development finance institution Caisse des Dépôts et Consignations. Keppel said its data centre unit contributed $15.7m of the funding.

Founded in 2012, Etix develops and provides colocation services to businesses through a network of data centres across Europe, Africa, Latin America and Southeast Asia. It also offers research and development services to help customers optimise energy efficiency, workloads and security in their data centres.

In addition to building edge data centres in Europe and emerging markets, proceeds from the round will be used to develop hyperscale urban data centres and build out high-performance computing centres in the Nordics region.

Etix had received $17m from InfraVia and Tiger Infrastructure Partners in 2015, and an undisclosed amount from SBI Crypto Investment in a May 2018 deal that involved the latter acquiring a 41% stake in the company.

Keppel Data Centres CEO Wong Wai Meng said: “Our investment into Etix allows Keppel Data Centres to tap the growing demand for edge facilities and opens new possibilities for potential synergies to be explored between our complementary businesses, such as tapping Etix’s cutting edge research technologies.

“This will give Keppel Data Centres the opportunity to deploy some of these new technologies in our data centres and deliver tangible benefits for our data centre customers.”

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