Eurazeo backs data server company Etix Everywhere

Luxembourg's Etix Everywhere, an edge and colocation data server company active in France, Belgium and Colombia, recently secured investment from private equity firm Eurazeo's Transition Infrastructure Fund. 

Edge data centres bring workloads closer to the end user, reducing latency. Their emissions profile is a major concern ⁠— more data servers whirling away 24/7 is bad news for the environment, but a necessity given demand for new forms of AI.

Etix Everywhere has eight data centres serving Europe and Latin America with 200+ clients and more than 2 MW of build out data centre capacity.

With its sustainability programme, Etix is cutting emissions caused by its data servers ⁠— for example, the company is an affiliate of the Climate Neutral Data Center Pact, joining fellow operators committed to carbon neutrality by 2030.

New investor Eurazeo thinks that by becoming a shareholder, it will gain insights into inherent data server emissions. And a priority will be helping Etix secure carbon-free energy supplies, an area where Eurazeo is confident it can assist.

The investment is also seen as providing a runway to aid Etix's expansion. Inorganic growth already has been achieved through Etix's recent acquisition of GIV France, a regional data server network active in northern French territories. Further "bolt-on acquisitions" may be on the agenda, along with organic growth, as Etix Everywhere aims to double its French data centre presence in three years. 

It's the fourth deal for Eurazeo's infrastructure team and the first in the digital space, forming part of Eurazeo's mandate in the low-carbon and sustainable economy, across the energy and digital transition deal scopes.

Tomorrow's lifestyles may well depend on robust critical workloads operated from edge data centres — an eventuality Etix is prepared for, says Louis Blanchot, the company's group CEO. Already major strategic investors are aligning with its vision; in 2019, Singaporean conglomerate Keppel's data centres wing invested a share of its €14 million series C round.

Blanchot added: "This new funding round is a strategic move to strengthen our leadership position in the French regional market and accelerate our development in Europe where we aim to double our DC portfolio in the next 3 years.”