The data storage device industry in Europe consists of companies that design, manufacture, and supply storage solutions ranging from cloud systems to physical media. Businesses here cater to a growing demand for efficient data management, focusing on innovations such as SSDs and decentralized storage. The market is evolving rapidly due to the surge in data generation, prompting advancements in storage technology. European firms are increasingly adopting sustainable practices and incorporating AI to enhance data handling capabilities. Interestingly, collaborations between startups and established tech giants often fuel innovation, contributing to the industry's dynamic growth trajectory.


The list of investors in the data storage device sector comprises a mix of venture capital firms and corporate entities, predominantly located in major European cities like Paris and London. With roots spanning from 1945 to 2010, these investors vary significantly in size and focus. In 2024, they collectively engaged in over 400 investment transactions. Noteworthy investors such as Bpifrance and Index Ventures are instrumental in shaping the future of data storage technologies through their support of promising startups, reinforcing their roles as significant players in the European venture capital scene.


Top 13 Data Storage Device Investors in Europe


1. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital investor based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through various services, including direct funding and private equity investments. Notably, Bpifrance has been involved in significant transactions within the data storage device context, such as Biomemory, which raised €5 million in seed funding to develop DNA storage technology, aiming to drastically reduce storage costs. Additionally, Bpifrance has participated in funding rounds for Scality, a company specializing in software-based storage solutions, demonstrating its commitment to fostering innovation in the data storage industry. Through these investments, Bpifrance aims to promote entrepreneurship and technological advancement in the storage sector.


2. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Among its notable transactions, the EIC has provided grants to companies such as Swiss Vault and Cubbit, which are involved in data storage solutions. Additionally, the EIC has invested in Upmem, a semiconductor startup that focuses on technology that could enhance data storage capabilities. These transactions highlight the EIC's commitment to supporting innovative technologies, including those relevant to the data storage device industry.


3. Index Ventures

  • Website: indexventures.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1996
  • Headcount: 51-200
  • Number of deals in 2024: 67
  • LinkedIn: index-ventures

Index Ventures is a venture capital firm founded in 1996, based in London, England. The firm invests in innovative startups across various sectors, including technology and healthcare, providing capital and strategic support to entrepreneurs. Notably, Index Ventures has been involved in several key transactions within the data storage device industry. They participated in multiple funding rounds for Pure Storage, a leading provider of data storage solutions, including a $225 million Series F round in 2014, a $150 million Series E round in 2013, and a $40 million Series D round in 2012. Additionally, they invested in MinIO, an open-source cloud storage product, during its $3.3 million seed round in 2015. Their involvement in Dropbox, which raised $250 million in Series B funding, also highlights their commitment to companies that provide data storage solutions. Overall, Index Ventures is focused on building long-term partnerships with founders to drive success in the technology sector, including data storage.


4. Partech

  • Website: partechpartners.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1982
  • Headcount: 51-200
  • Number of deals in 2024: 24
  • LinkedIn: partech

Partech Partners is a venture capital firm founded in 1982, based in Paris, Île-De-France, France. The firm specializes in providing funding and support to startups across various sectors, particularly in technology. Partech operates globally and has a diverse portfolio of companies. Among their notable transactions in the data storage device context, they led a $12.4M Series B round for NGD Systems, which focuses on SSD technology, and participated in a €3 million Series A funding for Upmem, a startup developing PIM chip-based solutions. Additionally, they invested in OpenIO, a French startup specializing in object storage and serverless computing, which raised $5 million in a financing round. These investments highlight Partech's active role in the data storage device industry, alongside their broader investment strategy.


5. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Notably, Almi has been involved in several transactions relevant to the data storage device industry, including investments in CloudMe, a cloud storage service that has raised multiple rounds of funding with Almi's participation. Additionally, Almi invested in STORViX, a startup focused on data storage solutions, further demonstrating their engagement in this sector. Through these investments, Almi showcases its commitment to supporting innovative companies in the data storage space.


6. Kima Ventures

  • Website: kimaventures.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2010
  • Headcount: 1-10
  • Number of deals in 2024: 50
  • LinkedIn: kima-ventures

Kima Ventures is a venture capital firm based in Paris, Île-De-France, France, founded in 2010. The firm specializes in investing in early-stage startups across various sectors, backing two startups per week with financial support and mentorship. Among their notable transactions, Kima Ventures participated in the seed funding round for QuestDB, an open source time series database startup that raised $2.3 million. This investment highlights their engagement in the data storage device industry, as QuestDB targets markets such as financial services and IoT with its database solutions. Additionally, Kima Ventures has invested in other technology-focused companies like Conduktor and Clever Cloud, further showcasing their interest in innovative tech solutions.


7. SoftBank Investment Advisers


SoftBank Investment Advisers, also known as the SoftBank Vision Fund, is a venture capital fund based in London, England, founded in 2017. The fund primarily invests in technology-focused companies, particularly those innovating in artificial intelligence. With a diverse portfolio, SoftBank supports growth-stage technology firms across various sectors, including health tech and fintech. Notably, they have made significant investments in the data storage device industry, including a $103 million investment in MinIO, a company specializing in multi-cloud object storage solutions, and participation in funding rounds for Cohesity, which provides data management and storage solutions. Their involvement in these companies highlights their strategic interest in the data storage sector, alongside their broader technology investment strategy.


8. Seraphim Space

  • Website: seraphim.vc
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: seraphim-capital

Seraphim Space is a venture capital firm based in London, England, founded in 2016. Specializing in SpaceTech, they provide funding and support to startups in the space technology sector. They operate various investment funds and an accelerator program, helping entrepreneurs navigate the challenges of developing innovative space solutions. Notably, Seraphim Space has invested in Bamboo Systems, which raised significant funding rounds to develop a server designed for hyperscale performance, boasting ten times the density of traditional Intel-based servers. This investment highlights their engagement in technologies that are relevant to data storage devices, showcasing their capability to support advancements in this field while primarily focusing on the broader SpaceTech industry.


9. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a London-based crowdfunding platform founded in 2010 that enables businesses to raise capital through equity investments. It connects startups and SMEs with potential investors, facilitating the funding process. Crowdcube has a strong focus on promoting diversity and inclusion within its workforce while providing investment management services to its clients. Notably, Crowdcube has been involved in several transactions relevant to the data storage device industry, including a significant investment in Internxt, a Spanish technology startup that focuses on decentralized cloud storage solutions. In 2024, Crowdcube participated in a funding round for Internxt, which raised over 3 million euros, highlighting their engagement in the data storage sector. Additionally, they have supported other companies like Reskube Limited, which may also have relevance in the data storage context, further solidifying their position as an investor in this industry.


10. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle challenges related to energy transition and sustainability. Notably, InnoEnergy has invested in companies like AquaBattery, which is developing a low-cost, sustainable energy storage solution based on salt water, and Skeleton Technologies, which manufactures ultracapacitors and is involved in the development of new battery technologies. These investments highlight InnoEnergy's commitment to advancing energy storage technologies, which are integral to the data storage device industry.


11. Amadeus Capital Partners


Amadeus Capital Partners is a London-based venture capital firm founded in 1997, specializing in technology investments across various sectors, including AI, Cyber Security, and FinTech. The firm provides funding and strategic support to help startups and growth-stage companies scale their operations and bring innovative technologies to market. Notably, Amadeus has been involved in significant funding rounds for Graphcore, a company that develops advanced processors for AI applications. Their investments in Graphcore include multiple rounds, such as a $222 million Series E in December 2020, a $150 million Series D in February 2020, and earlier rounds totaling $60 million in Series A and B. While Graphcore is not a data storage device company per se, its technology is closely related to data processing, which is integral to data storage solutions.


12. 3i Group plc

  • Website: 3i.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1945
  • Headcount: 201-500
  • Number of deals in 2024: 3
  • LinkedIn: 3i-group-plc

3i Group plc is a private equity investment firm based in London, England, founded in 1945. The firm specializes in private equity and infrastructure investments, focusing on providing capital and expertise to mid-market companies to help them grow sustainably. 3i Group has a diverse portfolio and a strong international presence. Notably, they have been involved in several funding rounds for Carbonite, a provider of secure Internet-based backup solutions. Their investments in Carbonite include a Series A investment of $3.5 million in December 2006, followed by additional investments of $15 million in May 2007, $5.2 million in February 2008, and $20 million in September 2008. These transactions highlight 3i Group's active role in the data storage device industry, particularly in supporting innovative backup solutions.


13. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT has acquired EdgeConneX, a key player in the data center industry, and is set to acquire a majority stake in Acronis, a company focused on data protection and cybersecurity. These strategic investments highlight EQT's active role in the data storage device sector, alongside their broader investment strategy that spans various industries.



Data Storage Device Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Index VenturesLondon, England, United Kingdom (UK)51-200199667
PartechParis, Île-De-France, France51-200198224
AlmiStockholm, Stockholm, Sweden201-50019947
Kima VenturesParis, Île-De-France, France1-10201050
SoftBank Investment AdvisersLondon, England, United Kingdom (UK)201-500201714
Seraphim SpaceLondon, England, United Kingdom (UK)11-50201627
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
Amadeus Capital PartnersLondon, England, United Kingdom (UK)11-5019977
3i Group plcLondon, England, United Kingdom (UK)201-50019453
EQT GroupStockholm, Stockholm, Sweden1001-5000199430


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