CARAX, an investment company (Viel&Cie Group) specialising in intermediation and financing for SMEs, has advised and assisted DataQube, a designer of innovative modular data centres, in raising €26 million from RGREEN INVEST. This latest deal confirms CARAX’s expertise in financing environmental and CSR projects.
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This investment will be leveraged to accelerate the commercialisation of the world’s most energy efficient and optimized modular edge data centre, cutting down consumption and CO2 emissions by more than half.
DataQube Global Ltd, developer of the world’s first standalone edge data centre module, has acquired a €26 million Series A funding from RGREEN INVEST, a leading French investment management company focused on financing green infrastructure and technology projects. With more than €800M already invested in InfraGreen and renewable energy markets, this is the company’s first venture in the data centre industry.
DataQube’s person-free layout offers a significantly lower carbon footprint compared to traditional edge computing infrastructures because the energy transfer is dedicated solely to powering computers. Indeed, feasibility studies have shown that DataQube cuts down power consumption by as much as 56% and C02 emissions by 56% due to its ability to support a greater IT load per sqm. DataQube also features a range of cooling options, including next generation immersive cooling in its core internal infrastructure, that enable further consumption and emission savings. The system’s efficient use of space combined with its optimized IT capacity reduces its physical footprint since less land, less power and fewer raw materials are needed from the outset, setting a new standard in the industry.
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“We would like to thank the CARAX team who perfectly understood our expectations and needs and for finding a first-rate partner for our development” enthuses David Keegan, CEO of DataQube Global. “Our goal has always been to develop a sustainable solution to support the data centre industry in its drive to reduce CO2 emissions. Big tech firms may well be transitioning from fossil fuel to renewable energy sources, but their overall energy consumption is still growing and this needs to be addressed.”
CARAX acted as financial advisor to DataQube for the transaction, and DSM contributed to the success of this transaction on the legal front.
Philippe Hugon, CEO of CARAX, says “We are proud to have assisted DataQube with this great transaction, which shows our desire to be a significant player for funding innovative companies and in particular those working for the energetic transition. It was a pleasure to work alongside a top-level management team like DataQube and a professional team like RGREEN INVEST.”
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