Keepit announced the renewal and upsizing of its credit facilities to $90 million. The financing is backed by HSBC Innovation Banking and the Export and Investment Fund of Denmark.
Keepit is a vendor-neutral and immutable cloud platform dedicated to SaaS data protection. The company provides SaaS data protection purpose-built for the cloud, delivering separate and immutable data storage without third-party sub-processors.
The renewed facility strengthens Keepit’s financial foundation as the company enters its next phase of growth. Keepit said the financing will support product innovation, expanded go-to-market capacity, and deeper penetration of the enterprise segment.
A major focus of the funding will be the buildout of Keepit’s emerging AI service portfolio. The company is preparing to launch a new range of AI services designed to help organizations govern, search, and extract value from their protected data. These capabilities are expected to become a meaningful contributor to growth in 2026 and beyond.
The refinancing follows Keepit’s $50 million equity raise in December 2024 and a previous $60 million credit facility upsizing announced in September 2025. Keepit said the renewed and upsized facility reflects continued confidence in its commercial performance and long-term growth trajectory.
Over the past 12 months, Keepit has continued accelerating growth across a customer base of more than 25,000 organizations. The company has also expanded its enterprise footprint, adding new customers in regulated industries where immutable and vendor-independent backup is a compliance requirement.
Keepit’s platform secures data in a vendor-independent cloud to safeguard essential business applications, boost cyber resilience, and future-proof data protection. Its architecture is designed to mitigate the impact of ransomware, support compliance with local regulations, and provide continuous data access, business continuity, and disaster recovery.
Headquartered in Copenhagen, Keepit has offices and data centers worldwide. The company serves more than 25,000 companies with backup and recovery solutions for cloud data.
KEY QUOTES:
“The numbers speak for themselves: We have delivered the growth we committed to, and our banking partners have responded by doubling down on their support. This refinancing gives us the runway to pursue the next big milestones: deepening our enterprise penetration, scaling our global channel, and bringing to market a generation of AI-powered services that turn backup data into a live business asset. The opportunity in front of us has never been larger.”
Morten Felsvang, Co-founder and CEO of Keepit
“We built Keepit on a simple belief: every organization needs a trusted source of truth — a data fabric that is independent, immutable, and always available. As AI reshapes the enterprise, that foundation becomes exponentially more valuable. We are evolving beyond protection, enabling customers to discover, govern, and activate their data with confidence. This financing accelerates our ambition to transform trusted data into intelligence, insight, and action at scale.”
Frederik Schouboe, Co-founder and CVO of Keepit
“This latest refinancing and upsizing reflects the strength of our long-standing relationship with Keepit, EIFO and its investors. We are delighted to have supported the company over a number of years, growing with them as they reach new milestones. We are proud to support the growth journeys of innovators like Keepit, who are demonstrating the strength of the Danish ecosystem on the global stage.”
Sebastian Penn, Head of Nordics at HSBC Innovation Banking
“From EIFO’s perspective, Keepit is an outstanding example of what Danish tech can achieve on a global stage. The performance over the past year has exceeded expectations, and the roadmap ahead ― particularly the development of AI services built on top of a uniquely trusted data foundation ― represents a significant opportunity. We are delighted to renew and extend our partnership as Keepit enters this exciting new phase.”
Signe Thustrup Kreiner, CCO SME at EIFO
