Data centre

Rgreen investes in Dataqube and brings it to Luxembourg

Dataqube’s modular data centres can be installed in just six months. Photo: Dataqube

Dataqube’s modular data centres can be installed in just six months. Photo: Dataqube

French investment fund Rgreen will provide €26m to British startup Dataqube--€8m immediately and €18m later this year. The company specialises in modular and environmentally friendly data centres and registered its holding company in Luxembourg on 30 November.

After three years of development in the UK and a first installation in Cambridge in June, Dataqube has raised €8m from a French green investment fund, Rgreen.

The press release indicates €26m, but the amount that appears in the commercial register is only €8m, on the same date (30 November) as the registration of the holding company in Luxembourg. “€18m will be invested, for the exclusive financing of Capex, over the year 2022,” said Stéphanie Bégué, in charge of business development and relations with investors in the fund, by email.

Anne-Laure de la Roche, a graduate in construction engineering from the École Centrale de Lyon and the Politecnico di Milano, who joined Rgreen at the end of March 2021, will become a class B director of the Luxembourg holding company.

“We are delighted to have the support of an investor with a proven track record in green infrastructure and technology,” Dataqube CEO David Keegan said in a statement. “Our goal is to provide the data centre industry with a solution that has a significantly reduced environmental footprint. To date, the measures taken have been woefully inadequate and the overall energy consumption of the internet continues to increase by 5-7% per year. The only way to have a real impact is to use this new generation of data centres developed by Dataqube.”

Dataqube markets modulardata centres that can be deployed internally or externally in as little as six months, emitting 50% less CO2 at half the cost of a conventional system.

This story was first published in French on Paperjam. It has been translated and edited for Delano.