Proskauer advises One Peak on USD30m investment in Keepit
International law firm Proskauer has advised One Peak on its USD30 million investment into Danish backup-as-a-service software provider Keepit.
One Peak is a specialist investor in growth stage technology and tech-enabled companies in Europe. The company partners with exceptional entrepreneurs and management teams to transform rapidly growing businesses into lasting, category-defining industry leaders.
Founded by Frederik Schouboe and Morten Felsvang, Keepit is a Backup-as-a-Service software that specialises in protecting data from SaaS solutions such as Microsoft 365, Salesforce, Dynamics 365, G Suite and Salesforce. This is a developing market worth $12 billion per year which is expected to continue growing at a 30% CAGR over the next five years.
This is the fourth transaction Proskauer has worked on for One Peak. Prior transactions include advising One Peak on its investments in Coople Holding AG, Neo4J and DocPlanner. The firm's funds team recently assisted One Peak in its most recent fundraising, One Peak Growth II (EUR443 million).
The Proskauer team was led by M&A partner Richard Bull with associate Mark Hume.