DataBank Raises USD 250 Million Investment from TJC

Follow Us

DataBank Raises USD 250 Million Investment from TJC
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.

Reported By

Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Recent Comments

Jay :

Im seeing so much of anger and unhappiness among people against the Government, for allowing unfair and brazen rise in…

Phone Calling Cost in India Down 94% Since 2014: Scindia

Rishi Roy :

I’m on postpaid 451. Night unlimited. Around 30-40mbps I guess.

BSNL Kerala Announces 5000 Indigenous 4G Sites Deployed

a1s :

What you people are saying If someone if getting good airtel coverage we should happy rather than commenting unnecessarily about…

Airtel More Focused on 5G Expansion, 4G Capacity Not a…

Faraz :

In 90% places it's not, But sadly, Vi is loosing even in Haryana, Punjab, Mumbai, Kerala etc too where they…

BSNL Kerala Announces 5000 Indigenous 4G Sites Deployed

Marshal Murmu :

On Vi 379 plan, I get 60+ Mbps without 4G+. But voice quality is not good.

BSNL Kerala Announces 5000 Indigenous 4G Sites Deployed

Load More
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments