Paris/ Luxembourg, June 3rd, 2019 – Etix Everywhere, a global data center developer and operator, announces the completion of a Series C capital increase of €56 million. The funding round is supported by the existing shareholders, and two incoming strategic investors including STOA, a new investment vehicle mainly owned by the French CDC (Caisse des Dépôts et Consignations). STOA’s investment will help accelerating the deployment of Edge data centers in emerging countries, notably in Africa, Latin America, and South-East Asia.
Reinforcing the Company’s position as a global colocation provider
Since its foundation, the Company expanded its global network of data centers, while increasing its focus on Edge data centers in emerging geographies, with eight new facilities delivered over the past 18 months.
“We are delighted by the support we have from our existing shareholders and new investors.” declared Antoine Boniface, CEO of Etix Everywhere. “We provide now more than 50 MW of colocation capacity through our network of 12 data centers. This new funding round will support our three business targets: developing Edge data centers in Europe and emerging markets, building and operating Hyperscale data centers in specific Tier 1 cities, and expanding our HPC data center network in the Nordics.”
The Company is currently delivering strategic projects serving these three business lines: a Tier IV Edge data center that is fully powered by its own solar farm has just been completed in Ghana, a Hyperscale campus of data centers is being developed in Frankfurt with a first building of 15 MW of IT load, and a 35 MW HPC facility has been inaugurated a few days ago in Iceland.
Taking the collaboration to the next level
The new capital increase expands the foundations of Etix Everywhere, which is now supported by an additional international investor: STOA. As an emerging market’s focused infrastructure investor, telecommunication is a core sector for STOA which recently invested in a high growth open access fiber operator in South Africa. The data center sub-sector is particularly crucial for improving information access and data sovereignty in emerging countries while ensuring better performance potential for local companies.
STOA is owned by the French CDC (Caisse des Dépôts et Consignations) and AFD (Agence française de développement) with capital base of €600 million earmarked for equity investments in developing and emerging countries. “By 2050, Africa will produce one quarter of data generated worldwide. Data centers are one of the pillars of digital development in emerging markets and key to support economic growth.” explained Marie-Laure Mazaud, Deputy CEO of STOA. “Our goal is to boost Etix Everywhere development in Africa, as well as in Latin America and South-East Asia by providing the latest edge technologies and services to the local customers and populations.”
