The data center commissioning industry in the DACH region plays a critical role in establishing reliable, efficient technological infrastructure. It involves the planning, design, and execution of projects dedicated to hosting large volumes of data securely. Various stakeholders operate here, including tech giants, investment firms, and specialized contractors, all contributing significantly to operational excellence and energy efficiency. As digital transformation accelerates, data center commissioning is evolving with trends like green technology and AI integrations. Remarkably, Germany, Austria, and Switzerland are prioritizing sustainability, showcasing a heightened emphasis on energy-efficient facilities in their strategies.


The investors listed primarily include corporate players, venture capital firms, and private equity firms, showcasing a mix of financial dynamos. This pool of 13 notable investors is headquartered across Germany, Switzerland, and Austria, with many ranging from small, nimble teams to large corporations. Founded as early as 1847 and as recently as 2020, these firms displayed a commitment to the DACH region in 2024 through numerous investments—including Deutsche Bank's 32 engagements and Partners Group's 19 deals—indicating their active interest in the sector.


Top 13 Data Center Commissioning 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. With over 10,000 employees, it offers a wide 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 the context of data centers, Deutsche Bank has been actively involved in financing key players in the industry. For instance, they provided £50 million in funding to VIRTUS Data Centres to support its business growth and expansion. Additionally, they facilitated £206 million in debt financing for Kao Data, aimed at bolstering the UK's AI and advanced computing needs. Furthermore, Deutsche Bank has also been involved in significant debt financing for AirTrunk, a major data center company in Australia, contributing to its expansion plans across the Asia-Pacific region. These transactions highlight Deutsche Bank's commitment to supporting the data center sector, making them a relevant investor in this field.


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 approach and commitment to sustainability. Recently, Partners Group has made significant strides in the data center sector, including the acquisition of EdgeCore Digital Infrastructure for $1.2 billion, aimed at expanding its data center capabilities. Additionally, they secured a $1.9 billion debt financing agreement for EdgeCore's facility expansion in Mesa, Arizona. Their acquisition of atNorth, the largest sustainable data center operator in Iceland, further emphasizes their focus on sustainable data center solutions. Moreover, their investment of up to AUD 1.2 billion in GreenSquare Data Centers to enhance its Hyperscale and AI Data Centre platform across Australia showcases their commitment to developing data center infrastructure. These transactions highlight Partners Group's active role in the data center commissioning industry.


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 global technology leader specializing in industrial automation, energy solutions, rail transport, and health technology. With over 320,000 employees, Siemens generates significant revenue by providing innovative products and services across various sectors. Notably, Siemens has made strategic acquisitions that enhance its capabilities in the data center commissioning context. For instance, the acquisition of Enlighted in 2018, a provider of smart IoT systems for buildings, aligns with the growing trend of integrating smart technologies into data centers for improved efficiency and sustainability. Additionally, the recent acquisition of Pro Integris in 2023 suggests a focus on engineering solutions that could be applicable to data center operations. These transactions highlight Siemens' commitment to advancing technologies that support the data center industry.


4. Swisscom Ventures


Swisscom Ventures is a Zurich-based venture capital firm founded in 2007, specializing in investments in high-potential technology startups. With a team size of 11-50, they provide not only financial support but also strategic advisory services to help startups access technical infrastructure and market channels. Their investment portfolio includes notable transactions such as Exoscale, a cloud service provider that raised funds in 2015 and 2016, indicating their interest in companies that contribute to the data center ecosystem. Additionally, they invested in Netrounds, a provider of software-based testing and monitoring solutions, which could also relate to data center operations. Their investments in Piston Cloud Computing further highlight their engagement in cloud infrastructure, although the direct connection to data center commissioning is less pronounced. Overall, Swisscom Ventures is positioned in the technology sector with some relevant investments, but their broader focus may dilute their relevance specifically to data center commissioning.


5. Dtcp


DTCP (dtcp.capital) is a venture capital firm based in Hamburg, Germany, founded in 2015. The firm specializes in growth equity and infrastructure investments, focusing on transformative technology leaders and digital infrastructure to support their growth and accelerate digital transformation. In 2024, DTCP made six investments, including the acquisition of Atlantic Hub, which highlights their commitment to digital infrastructure. They have also participated in significant funding rounds for companies like Aryaka Networks, a global SD-WAN and cloud computing platform, which received $45 million in Series D funding from DTCP. This involvement in the technology sector, particularly in areas related to cloud computing and digital infrastructure, positions DTCP as a relevant player in the data center commissioning space.


6. 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 support various sectors, including industry, infrastructure, mobility, and healthcare. Their investment strategy combines technological expertise with financial services to foster growth and efficiency for their clients. Notable transactions include a $550 million debt financing for Clearway Energy Group, which is involved in renewable energy solutions that can power data centers sustainably. Additionally, their investment in CarbonCapture, which raised $80 million, aligns with the growing need for sustainable practices in energy consumption, a critical factor for data centers. These transactions highlight Siemens Financial Services' commitment to supporting innovative and sustainable infrastructure projects, making them a relevant player in the data center commissioning space.


7. 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. Their investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, Speedinvest has participated in transactions such as Stateless, which raised funds to develop Software-Defined Interconnect (SD-IX) aimed at colocation providers, indicating a connection to data center operations. Additionally, they have invested in Tibo Energy, which, while primarily focused on energy, may have implications for data center energy efficiency and sustainability. Overall, Speedinvest leverages a vast network of industry experts to assist their portfolio companies, which could be beneficial for startups in the data center commissioning space.


8. Deutsche Telekom

  • Website: telekom.com
  • Type: Corporate
  • Headquarters: Bonn, North Rhine-Westphalia, Germany
  • Founded year: 1995
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: telekom

Deutsche Telekom AG, founded in 1995 and headquartered in Bonn, North Rhine-Westphalia, Germany, is a leading telecommunications company with a workforce of over 10,000 employees. The company provides a comprehensive range of services, including mobile communications, fixed-network, broadband, and ICT solutions for both consumers and businesses. With a strong presence in over 50 countries, Deutsche Telekom focuses on delivering integrated digital solutions to enhance connectivity and support digital transformation. Notably, Deutsche Telekom has made strategic acquisitions that align with data center operations, such as the acquisition of GTS Central Europe for €546 million, aimed at enhancing their fixed-line capabilities and expanding telecommunications services across Central Europe. Additionally, their acquisition of Goingsoft and minority stake in Teridion Technologies further demonstrate their commitment to advancing technologies that support data center efficiency and connectivity.


9. 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 data center sector. For instance, in December 2024, MEAG participated in a significant funding round for Vantage Data Centers, raising approximately $1.47 billion, which underscores its commitment to the data center industry. Additionally, MEAG has shown interest in telecommunications infrastructure through its investment in euNetworks Group, which raised $858 million in debt financing. These transactions highlight MEAG's strategic focus on sectors that support technological infrastructure and energy solutions, making it a versatile player in the investment landscape.


10. 468Cap

  • Website: 468cap.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: 468cap

468 Capital is a venture capital firm based in Berlin, Germany, specializing in technology investments. Founded in 2020, the firm focuses on backing founder-led startups across various sectors, including AI, energy transition, and enterprise software. With a global investment approach, 468 Capital operates from dual headquarters in Berlin and San Francisco. Notable transactions include investments in CloudNatix, which provides infrastructure solutions for multi-cloud and on-premise operations, and Aklivity, a streaming API management company. Additionally, they participated in funding rounds for Metergrid, a startup focused on providing green electricity, and Codesphere, a cloud coding startup. These investments reflect a commitment to innovative technology solutions, although not all are directly related to data center commissioning.


11. 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 corporate backing from EnBW Group, they are well-positioned to support the energy transition. Notably, EnBW New Ventures has participated in several relevant transactions, including a €7 million Series A funding round for gridscale, a Cloud Solutions Provider, which aims to enhance its technology platform and expand internationally. This investment highlights their commitment to supporting companies that contribute to the digital infrastructure ecosystem, which is essential for data center operations. Other investments include Deepomatic, Greenbird Integration Technology, and Lumenaza, which, while not directly related to data centers, reflect their broader focus on innovative technology solutions.


12. Hi Inov - Dentressangle

  • Website: hiinov.com
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: hi-inov

Hi Inov - Dentressangle is a venture capital firm based in Munich, Bavaria, Germany, founded in 2012. The firm specializes in supporting startups and scale-ups in the digital transformation sector, providing investment, operational advice, and strategic consulting to help businesses grow in competitive markets. Their focus is primarily on technology-driven companies, particularly in areas like SaaS and AI. Notably, Hi Inov has participated in funding rounds for companies such as InterCloud, which raised €10 million in a Series B funding round to enhance its cloud delivery and access platforms, and Deepomatic, which is involved in digital transformation technologies. These transactions highlight Hi Inov's engagement with companies that are relevant to the data center commissioning industry, particularly in cloud interconnection and related services.


13. Suse

  • Website: suse.com
  • Type: Corporate
  • Headquarters: Nuremberg, Bavaria, Germany
  • Founded year: 1992
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: suse

SUSE S.A. is a corporate investor based in Nuremberg, Bavaria, Germany, founded in 1992. The company specializes in open-source solutions for enterprise servers and cloud environments, offering products such as SUSE Linux Enterprise Server and solutions tailored for SAP workloads. In recent years, SUSE has made significant acquisitions to bolster its position in the cloud and container management sectors. Notably, they acquired Rancher Labs, a leader in Kubernetes-based products, for at least $600 million, which enhances their enterprise Linux and Kubernetes capabilities. Additionally, the acquisition of NeuVector for $130 million strengthens their container security offerings. Their recent acquisition of StackState, an observability platform, further integrates monitoring capabilities into their Rancher Prime container management platform. These strategic moves highlight SUSE's commitment to providing reliable and efficient IT infrastructure solutions, making them a relevant investor in the data center commissioning industry.



Data Center Commissioning Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Partners GroupBaar, Zug, Switzerland1001-5000199619
SiemensMunich, Bavaria, Germany10001+184711
Swisscom VenturesZurich, Zurich, Switzerland11-5020074
DtcpHamburg, Hamburg, Germany51-20020156
Siemens Financial ServicesMunich, Bavaria, Germany1001-5000199715
SpeedinvestVienna, Vienna, Austria51-200201145
Deutsche TelekomBonn, North Rhine-Westphalia, Germany10001+19951
MeagFlensburg, Schleswig-Holstein, Germany501-100019995
468CapBerlin, Berlin, Germany11-50202027
EnBW New VenturesKarlsruhe, Baden-Württemberg, Germany11-5020154
Hi Inov - DentressangleMunich, Bavaria, Germany11-5020123
SuseNuremberg, Bavaria, Germany1001-500019921


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