Digital Edge: Singaporean data centre company Digital Edge raises over $1.6 billion

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Singapore-headquartered data centre company Digital Edge said on Monday it had raised over $1.6 billion in new capital via a combination of equity and debt financing to fund its next phase of growth.

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Digital Edge is a portfolio company of Stonepeak, a New York-headquartered investment firm specialising in infrastructure and real assets, with about $70 billion of assets under management.

Digital Edge said in a statement that the capital raised included around $640 million of equity investment from both existing and new investors, as well as $1 billion of total debt financing.

Digital Edge said the growth capital will be used to fund expansion to meet the increasing cloud and artificial intelligence demands of its customers across Asia.

Established in 2020, Digital Edge now owns and operates 21 data centres with over 500 megawatt in service and under construction and development, with another 300 megawatt held for future development, in Japan, Korea, India, Malaysia, Indonesia, and the Philippines, according to the statement.

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Digital Edge: Singaporean data centre company Digital Edge raises over $1.6 billion


Singapore-headquartered data centre company Digital Edge said on Monday it had raised over $1.6 billion in new capital via a combination of equity and debt financing to fund its next phase of growth.

ET Year-end Special Reads

Digital Edge is a portfolio company of Stonepeak, a New York-headquartered investment firm specialising in infrastructure and real assets, with about $70 billion of assets under management.

Digital Edge said in a statement that the capital raised included around $640 million of equity investment from both existing and new investors, as well as $1 billion of total debt financing.

Digital Edge said the growth capital will be used to fund expansion to meet the increasing cloud and artificial intelligence demands of its customers across Asia.

Established in 2020, Digital Edge now owns and operates 21 data centres with over 500 megawatt in service and under construction and development, with another 300 megawatt held for future development, in Japan, Korea, India, Malaysia, Indonesia, and the Philippines, according to the statement.

Growfast



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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