Actyus, Adequita and Nethits plan €20 million fund for Iberian Edge data centers

The story so far, in brief; the legwork, and the full article, stay with the original outlet.

Actyus, the alternative investment manager of Andbank España, is setting up a venture capital fund with Adequita Capital and Nethits Telecom to build Edge data centers on the Iberian Peninsula. Adequita Centros de Datos Edge Iberia FCRE has a projected size of €20 million, with Spain as its main market and Portugal as the secondary one. It still needs the CNMV's authorisation.

Actyus manages the fund, Andbank sells it to wealthy individuals and institutions, Adequita joins as founding financial partner and developer, and Nethits brings telecoms, fibre and systems-integration know-how.

Nethits and Adequita are not strangers: in 2023 they formed NXN, a data center joint venture now developing a facility in Valencia.