The modular data center construction industry in the DACH region focuses on developing scalable, efficient, and eco-friendly data center solutions. Companies in this sector design, build, and operate facilities that can be rapidly deployed and customized to meet the technology demands of today. As data consumption grows, driven by AI and cloud services, the need for innovative modular solutions is accelerating. Trends indicate increasing sustainability measures, with a focus on energy efficiency and reduced environmental impact. Modular data centers are transforming investments in digital infrastructure, promising flexibility and responsiveness to market needs across various sectors.


The investor landscape for modular data center construction in DACH features a blend of corporate, private equity, and venture capital firms. These investors, ranging from multinational corporations like Deutsche Bank and Siemens to smaller firms like Foundamental, vary widely in size and scope. Established in 1847, 1996, or even 2015, these firms have actively engaged in a total of 156 deals in 2024 alone, showcasing their commitment to advancing data center capabilities. Collectively, their financial backing is helping to define the region’s approach to innovative digital infrastructure.


Top 11 Modular Data Center Construction Investors in DACH


1. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. It offers a comprehensive range of solutions including investment banking, corporate banking, cash management, trade finance, and securities services. Deutsche Bank serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. In recent years, Deutsche Bank has been involved in several notable transactions within the modular data center construction context. For instance, in December 2024, it provided $900 million in debt financing to Yondr Group, a company focused on data center solutions. Additionally, in January 2024, Deutsche Bank supported KAO Data, a UK data center company, with £206 million in debt to enhance the UK's AI and advanced computing capabilities. Other significant transactions include $332 million in debt financing for AirTrunk in 2019 and £50 million for VIRTUS Data Centres in 2014, both aimed at expanding their data center operations. These transactions highlight Deutsche Bank's active role in financing the growth of the data center industry, making it a relevant investor in the modular data center construction sector.


2. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and is recognized for its innovative investment strategies and commitment to sustainability. Recently, Partners Group has made significant strides in the modular data center construction sector. They acquired EdgeCore Digital Infrastructure for $1.2 billion, which includes existing data center assets and aims to develop new facilities. Additionally, they secured a $1.9 billion debt financing agreement for EdgeCore's expansion in Mesa, Arizona. Their acquisition of atNorth, the largest sustainable data center operator in Iceland, further emphasizes their focus on enhancing digital infrastructure. Moreover, their investment of up to AUD 1.2 billion in GreenSquare Data Centers aims to bolster their Hyperscale and AI Data Centre platform across Australia, showcasing their commitment to expanding modular data center capabilities.


3. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a prominent technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates significant revenue globally. The company has made several strategic acquisitions that enhance its capabilities in the construction and smart building sectors. Notably, Siemens Smart Infrastructure acquired Wattsense, a startup focused on hardware and software for buildings, which aligns with the needs of modular data centers for efficient management and operation. Additionally, the acquisition of Enlighted, a provider of smart IoT systems for buildings, further emphasizes Siemens' commitment to digitalization in construction. These transactions reflect Siemens' active role in advancing technologies that are crucial for the modular data center construction industry.


4. Foundamental

  • Website: foundamental.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: foundamental

Foundamental is a Berlin-based venture capital firm founded in 2019, specializing in the architecture, engineering, and construction (AEC) technology sectors. They provide early-stage funding and strategic support to startups, helping founders navigate the challenges of building their businesses. Their portfolio includes companies focused on 3D design, construction, renovation, and supply chain logistics, primarily targeting businesses in the AEC industry. Notably, Foundamental has participated in significant funding rounds for companies like Mighty Buildings, which raised $40 million in Series B funding, and Juno, which raised $20 million in Series A funding. These transactions highlight Foundamental's commitment to supporting innovative construction technologies that could align with modular data center construction.


5. Siemens Financial Services


Siemens Financial Services, based in Munich, Bavaria, Germany, is a corporate investor founded in 1997. As a part of Siemens, a leading technology company, they specialize in providing financial solutions that enable digital transformation and sustainability across various sectors, including industry, infrastructure, mobility, and healthcare. In 2024, Siemens Financial Services was involved in several significant transactions, such as providing $190 million in debt financing to Aypa Power and $100 million to Onyx Renewable Partners. These investments reflect their commitment to supporting innovative energy solutions, which are essential for the development of modular data centers. Their history of financing projects that enhance efficiency and sustainability positions them as a potential investor in the modular data center construction industry.


6. Meag

  • Website: meag.com
  • Type: Corporate
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 1999
  • Headcount: 501-1000
  • Number of deals in 2024: 5
  • LinkedIn: meag

MEAG Munich Ergo Assetmanagement GmbH is an asset management company based in Flensburg, Schleswig-Holstein, Germany, founded in 1999. It provides investment management services for institutional and private clients, specializing in a diverse range of asset classes, including bonds, equities, real estate, and renewable energy investments. In recent years, MEAG has been involved in several notable transactions relevant to the modular data center construction context. For instance, they participated in a significant funding round for Vantage Data Centers, raising approximately $1.47 billion, which underscores their commitment to the data center sector. Additionally, their investment in euNetworks Group, a provider of high-capacity bandwidth infrastructure, further highlights their strategic interest in data-related investments. MEAG's diverse portfolio and active engagement in the data center industry position them as a relevant investor in the modular data center construction space.


7. Momenta

  • Website: momenta.one
  • Type: Venture Capital
  • Headquarters: Engelberg, Obwalden, Switzerland
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: momentapartners

Momenta is a venture capital firm based in Engelberg, Obwalden, Switzerland, founded in 2012. The firm specializes in industrial impact and digital transformation, providing strategic investments and advisory services to Fortune 500 companies and innovative startups across various sectors, including energy, manufacturing, smart spaces, and supply chain. In 2021, Momenta participated in the seed round for Axino Solutions, a company that could potentially contribute to the modular data center space through its focus on industrial solutions. Additionally, their involvement with Xage Security, which has raised significant funding to support industrial modernization, indicates a commitment to technologies that enhance operational efficiency and security—key components in the modular data center construction context. Overall, Momenta's investment strategy aligns with the evolving needs of the modular data center industry, making them a relevant player in this space.


8. Dtcp


DTCP (Deutsche Telekom Capital Partners) is a venture capital firm based in Hamburg, Germany, founded in 2015. The firm specializes in growth equity and infrastructure investments, primarily targeting transformative technology leaders and digital infrastructure to support their growth and accelerate digital transformation. DTCP's clients mainly include businesses in the technology sector seeking capital investment. Notably, DTCP acquired Atlantic Hub in October 2024, which is likely related to data center infrastructure, highlighting their commitment to this sector. Additionally, their investment in Fastly, a leading edge cloud platform, and Keepler Data Tech, a cloud data analytics company, further demonstrates their focus on digital infrastructure and services that are integral to the modular data center construction industry.


9. EnBW New Ventures

  • Website: env.vc
  • Type: Venture Capital
  • Headquarters: Karlsruhe, Baden-Württemberg, Germany
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: enbw-new-ventures

EnBW New Ventures is a venture capital firm based in Karlsruhe, Baden-Württemberg, Germany, founded in 2015. The firm specializes in investing in European startups that focus on sustainable infrastructure and digital solutions. With a team size of 11-50, they provide both financial backing and strategic support to help startups grow and innovate in various sectors, including carbon management and electric mobility. Notably, EnBW New Ventures has participated in significant funding rounds for companies like gridscale, a cloud solutions provider that raised €7 million in a Series A funding round, which is relevant to the modular data center construction context. They also invested in Deepomatic, which completed a €10 million Series B funding round aimed at expanding its operations in Europe and beyond. These transactions highlight EnBW New Ventures' commitment to supporting innovative technologies that could intersect with the modular data center industry.


10. Speedinvest

  • Website: speedinvest.com
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these companies scale their operations. Speedinvest's investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, they have participated in funding rounds for companies like Stateless, which raised $11.33 million in a Series A round to develop Software-Defined Interconnect (SD-IX) technology aimed at colocation providers, highlighting their engagement in the modular data center construction context. Additionally, they have invested in other tech startups such as Haaven, Flaneer, and Deep Render, showcasing their diverse portfolio while maintaining a connection to innovative technologies that could impact the data center industry.


11. NRW.BANK

  • Website: nrwbank.de
  • Type: Venture Capital
  • Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
  • Founded year: 2002
  • Headcount: 1001-5000
  • Number of deals in 2024: 10
  • LinkedIn: nrw.bank

NRW.BANK is a public development bank based in Neunkirchen, North Rhine-Westphalia, Germany, founded in 2002. It provides financial services, including loans and equity financing, to support small and medium-sized enterprises, affordable housing, and municipal infrastructure projects. The bank plays a crucial role in fostering economic growth and social development in the region. Among its notable transactions, NRW.BANK participated in the seed funding round for Saperatec, a company specializing in recycling high-tech composite materials, which plans to build a modular large demonstration plant. This investment highlights NRW.BANK's commitment to innovative construction solutions and its potential relevance to the modular data center construction industry. Additionally, NRW.BANK has been involved in funding rounds for companies like Lumoview Building Analytics, which, while not directly related to modular construction, indicates their engagement in technology sectors that could intersect with modular data center needs.



Modular Data Center Construction Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Partners GroupBaar, Zug, Switzerland1001-5000199619
SiemensMunich, Bavaria, Germany10001+184711
FoundamentalBerlin, Berlin, Germany11-5020197
Siemens Financial ServicesMunich, Bavaria, Germany1001-5000199715
MeagFlensburg, Schleswig-Holstein, Germany501-100019995
MomentaEngelberg, Obwalden, Switzerland11-5020127
DtcpHamburg, Hamburg, Germany51-20020156
EnBW New VenturesKarlsruhe, Baden-Württemberg, Germany11-5020154
SpeedinvestVienna, Vienna, Austria51-200201145
NRW.BANKNeunkirchen, North Rhine-Westphalia, Germany1001-5000200210


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