Keepit, the world’s only vendor-neutral and truly immutable cloud dedicated to SaaS data protection, today announced a strategic financial update to upsize and refinance its credit facilities amounting to $60 million USD from the Export and Investment Fund of Denmark (EIFO) and HSBC Innovation Banking. This move is designed to leverage the recent $50 million USD funding round from December 2024 .
Financing overview and strategic rationale
The refinancing plan consists of upsizing by $20 million USD and refinancing $40 million USD of existing HSBC Innovation Banking/EIFO facilities. The total facility will increase from $40 million pre-financing to $60 million post-financing with only a portion of the previous amount drawn today. The company aims to build upon the momentum from the funding round in December 2024, reflecting strong growth.
Company position and future outlook
Keepit is positioned strongly with cash reserves projected to remain robust for years ahead. The company has experienced significant growth since the previous year. Keepit is expanding its market focus towards larger clients, having demonstrated relevance and value to this segment. The additional funds raised will be directed toward future-proofing the organization, supporting ongoing product development, innovation, and efforts to deepen market penetration.
Keepit provides a next-level SaaS data protection platform purpose-built for the cloud. Securing data in a vendor-independent cloud safeguards essential business applications, boosts cyber resilience, and future-proofs data protection. Unique, separate, and immutable data storage with no sub-processors ensures compliance with local regulations and mitigates the impact of ransomware while guaranteeing continuous data access, business continuity, and fast and effective disaster recovery. Headquartered in Copenhagen with offices and data centers worldwide, more than 18,000 companies trust Keepit for its ease of use and effortless backup and recovery of cloud data.
For more information visit www.keepit.com.
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This entry was posted on September 29, 2025 at 1:26 pm and is filed under Commentary with tags Keepit. You can follow any responses to this entry through the RSS 2.0 feed.
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Keepit upsizes and refinances credit facilities to $60 million USD
Keepit, the world’s only vendor-neutral and truly immutable cloud dedicated to SaaS data protection, today announced a strategic financial update to upsize and refinance its credit facilities amounting to $60 million USD from the Export and Investment Fund of Denmark (EIFO) and HSBC Innovation Banking. This move is designed to leverage the recent $50 million USD funding round from December 2024 .
Financing overview and strategic rationale
The refinancing plan consists of upsizing by $20 million USD and refinancing $40 million USD of existing HSBC Innovation Banking/EIFO facilities. The total facility will increase from $40 million pre-financing to $60 million post-financing with only a portion of the previous amount drawn today. The company aims to build upon the momentum from the funding round in December 2024, reflecting strong growth.
Company position and future outlook
Keepit is positioned strongly with cash reserves projected to remain robust for years ahead. The company has experienced significant growth since the previous year. Keepit is expanding its market focus towards larger clients, having demonstrated relevance and value to this segment. The additional funds raised will be directed toward future-proofing the organization, supporting ongoing product development, innovation, and efforts to deepen market penetration.
Keepit provides a next-level SaaS data protection platform purpose-built for the cloud. Securing data in a vendor-independent cloud safeguards essential business applications, boosts cyber resilience, and future-proofs data protection. Unique, separate, and immutable data storage with no sub-processors ensures compliance with local regulations and mitigates the impact of ransomware while guaranteeing continuous data access, business continuity, and fast and effective disaster recovery. Headquartered in Copenhagen with offices and data centers worldwide, more than 18,000 companies trust Keepit for its ease of use and effortless backup and recovery of cloud data.
For more information visit www.keepit.com.
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This entry was posted on September 29, 2025 at 1:26 pm and is filed under Commentary with tags Keepit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.