Keepit closes the largest investment to a bootstrapped SaaS company in the Nordics

Denmark-based Keepit has closed a $30m investment from One Peak, which is allegedly the largest SaaS investment into a bootstrapped company in the Nordics, Crunchbase claims.

This investment will help the company to gain momentum within the European and US markets. Capital will also help the company to double the number of employees in its Denmark and Ukraine offices.

The FinTech offers a cloud-based backup-as-a-service solution that protects data from SaaS solutions, such as Microsoft 365, Salesforce, Dynamics 365 and G Suite. Its technology ensures data protection against intruders and also has a backup of the information should anything happen to it.

One Peak managing partner David Klein said, “We are incredibly excited to back Keepit and its founders as we share their view that there is a huge global opportunity in data protection and recovery, driven by the accelerating move to the cloud.

“Keepit has a unique technology stack, a strong infrastructure footprint, and is led by two world-class repeat entrepreneurs – Morten and Frederik – who have multiple successful exits on their CV and a proven ability to execute.”

FinTech investment in the Nordics has been dominated by Sweden, with it representing 78% of the total $3.3bn invested in the region. Denmark has received the second largest portion of capital, with 13% of the funding.

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