Keepit, a Copenhagen, Denmark-based SaaS backup and recovery company, has secured a $40 million refinancing package.  

SaaS Investors 

The refinancing package was from HSBC Innovation Banking in partnership with The Export and Investment Fund of Denmark (EIFO).  

HSBC Innovation Banking provides commercial banking services, expertise, and insights to the technology, life science and healthcare, private equity, and venture capital industries. HSBC Innovation Bank Limited is a subsidiary of HSBC Group, benefiting from its stability, strong credit rating, and international reach to help fuel its growth.  

Keepit Use of Funds 

The company will use the new funding for international expansion, hiring, business operations, and product development.  

About Keepit 

Founded in 2007 by Frederik Schouboe, and Morten Felsvang, Keepit provides next-level SaaS data protection for companies with data stored in the cloud. Keepit is the world’s only vendor-neutral and independent cloud dedicated to SaaS data protection based on a blockchain-verified solution. Keepit protects data in key business applications, including Microsoft 365, Microsoft Azure AD, Google, and Salesforce. Headquartered in Copenhagen with offices and data centers globally, Keepit is trusted by thousands of companies worldwide to protect and manage their cloud data.  

Funding Details 

Company: Keepit A/S  

Raised: $40.0M    

Round: Refinancing Package  

Funding Month: January 2024                 

Lead Investors: HSBC Innovation Banking   

Additional Investors:   

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

Software Category: SaaS Backup and Recovery  

Source: https://www.businesswire.com/news/home/20240109102950/en/