Keepit, a Copenhagen, Denmark-based provider of a platform for SaaS data protection, received a $22.5 million debt financing package.

Backers included Silicon Valley Bank and Vaekstfonden

Keepit will use the loan facilities to fund the development of new services and capabilities, as well as new roles inside the company, as it expands worldwide and increases its product offering with more market-leading capability.

Company: KEEPIT A/S

Raised: $22.5M

Round:

Funding Month: June 2022

Lead Investors: Silicon Valley Bank, and Vaekstfonden 

Additional Investors: 

Company Website: https://www.keepit.com/

Software Category:  Cloud Backup Platform

About the Company: Founded in 2007 by Frederik Schouboe, and Morten Felsvang, Keepit is a backup-as-a-service startup (BaaS) that specializes in preserving data from SaaS platforms like Microsoft 365, Salesforce, Dynamics 365, and G Suite. It offers specific data protection for companies with cloud-based data. Further, Keepit is a vendor-agnostic, independent cloud dedicated to SaaS data security based on a blockchain-verified solution.

Source: https://techfundingnews.com/danish-baas-keepit-keeps-data-safe-in-clouds-pulls-22-5m-funding/