European edge data center operator Ethical Internet Exchange (Etix) has secured €170 million ($200m) in financing to support its European expansion.
Etix currently operates 14 data centers in France and Belgium with a total capacity of 8.1MW, and aims to strengthen its French presence, while entering new European markets with plans to establish a new generation of technology hubs across Europe.
Louis Blanchot, Etix CEO said “This refinancing reinforces our financial position and enables us to accelerate the growth of our data center portfolio across Europe, it marks an important step toward our goal of becoming a major European player.”
Etix and investment firm Eurazeo announced a €120 million ($140.8m) refinancing deal (extendable to €170 million) from a conglomeration of banking firms including MUFG, Kommunalkredit Austria AG, La Banque Postale, Bpifrance, and BNP Paribas.
Eurazeo posted on LinkedIn and stated “2 years after our initial investment, we are very proud about this new milestone which provides Etix’s the financial means to deliver its growth trajectory and consolidate its position in regional data centers segment.”
This financing includes sustainability performance commitments which align with Etix’s decarbonization plan to become carbon neutral in 2030 by placing responsible data center operations as a critical strategy aspect.