Keepit Secures $50M in Funding to Accelerate Growth and Product Innovation

Keepit A/S, cloud-native data protection and backup provider, announced a $50 million funding round, led by existing investor One Peak Partners LLP, and EIFO, the export and investment fund of Denmark.

This funding round marks the company’s 3rd equity investment in the past 4 years, bringing total funds raised to approximately $90 million.

The latest investment underscores Keepit’s rapid growth and solidifies its position as a leader in SaaS data protection. This new investment will be directed towards expanding the company’s go-to-market efforts and fueling continued product innovation. 

The company’s mission to provide a vendor-independent, dedicated infrastructure for SaaS data protection has resonated with a broad range of enterprise customers as its solutions already support 5 million users globally. With its latest funding, Keepit is poised to accelerate its global expansion strategy, prioritizing key markets like the US, Europe, and other high-growth regions, while bolstering Keepit’s network of partners.  

Simultaneously, the firm plans to intensify its focus on product innovation, advancing its cutting edge, cloud native solutions to empower organizations in safeguarding their SaaS data effectively and reliably. This will include broader workload coverage and additional data management and intelligence capabilities for the enterprise. 

“Our commitment to innovation and solving our customers’ most pressing data protection challenges is what drives us forward,” said Morten Felsvang, co-founder and CEO, Keepit, and Frederik Schouboe, co-founder and chief vision officer, Keepit. “This new funding will allow us to expand our reach and continue innovating the most advanced SaaS data protection solutions on the market. We’re thrilled to see such strong support from our investors, who understand our mission and share our vision for the future.” 

David Klein, co-founder and managing partner, One Peak, commented on the investment:  “We have been continually impressed by Keepit’s leadership and their unwavering ability to deliver on their vision. In a time when the need for secure, independent SaaS data protection is more critical than ever, Keepit stands out as a leader with its innovative platform. We are thrilled to continue supporting the Keepit team in this exciting next chapter of their growth journey.” 

Jacob Bratting Pedersen, managing director, partner and head tech and industry, EIFO, commented: “Keepit’s focus on cloud-native, vendor-independent data protection is what sets them apart. This investment is not just a financial decision for us—it’s about supporting a company that is revolutionizing the way organizations think about data security. We believe in their long-term vision and look forward to contributing to their continued success.”