DataBank, a data centre colocation, interconnection, and managed services company, has raised USD 250 million equity investment from TJC (formerly The Jordan Company), alongside a USD 600 million secondary share offering. This funding came from excess investor interest in the USD 2 billion primary equity round in October 2024, bringing the total debt and equity raised to nearly USD 5 billion over the past 18 months.
Also Read: DataBank Secures USD 725 Million Credit Facility to Fuel Data Center Expansion
Funds for New Data Centers and Acquisitions
"Participants in the secondary share purchase acquired shares from existing investors and reflect the ongoing demand for and interest in, high-quality investments in the data centre sector being driven by artificial intelligence," DataBank said on January 30, 2025.
Databank said proceeds will be used to finance the development of new data centre campuses and the purchase of equity from existing investors.
"We are delighted to have TJC join our investor group," said Raul K. Martynek, DataBank's CEO. "Their investment and the secondary offering signal both confidence in our strategy and our proven ability to execute and scale the DataBank platform."
DataBank's Market Reach
Eion Hu, partner at TJC, added, "We could not be more excited to partner with Raul, DataBank, and the other world-class digital infrastructure investors supporting DataBank's robust growth plans.
"Data centres are the cornerstone of the digital transformation and artificial intelligence, and we believe DataBank is uniquely positioned to capitalise on the sustained demand for reliable, scalable, and energy-efficient infrastructure in an increasingly data-driven world."
BofA Securities and Citizens Capital Markets Inc. acted as financial advisors for DataBank. Proskauer Rose LLP acted as legal counsel to DataBank and Kirkland and Ellis LLP acted as legal counsel to TJC.
Also Read: DataBank Raises USD 533 Million to Fund Data Center Expansion
DataBank's Infrastructure
According to the website, DataBank operates 72 data centres in the US and one facility in the UK. It manages a total of 4.50 million square feet and 877MW of critical load. DataBank's edge colocation and infrastructure footprint consists of over 65 HPC-ready data centres in over 27 markets and 20 interconnection hubs.
