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.

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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.”