Frankfurt-based data center operator maincubes has just announced a billion euro in new financing from a consortium of eight banks and an institutional fund. The company says it will add to existing operations in Frankurt and establish a new presence in Berlin, with three new data centers overall.

The company is “delivering on our commitment to provide best-in-class and 100% green-power data center solutions”, according to Oliver Menzel, CEO of maincubes.

Maincubes is backed by DTCP (Digital Transformation Capital Partners) and Art-Invest Real Estate in its ongoing operations. DTCP has more than two billion euro in assets under management in European Digital Infrastructure, including mobile towers, fiber networks, and data centers. Portfolio members include Swiss Towers (acquired by Cellnex), Community Fibre Limited, Cellnex Netherlands, Open Dutch Fiber, e-fiber, and maincubes.

Art-Invest Real Estate focuses on metro regions in Germany, Austria, and the UK. It has more than nine billion euro under management in Digital Infrastructure and related physical infrastructure as well as residential, retail, and hotel real estate.