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DataBank announces $250m equity investment from TJC, $600m secondary share sale
Investors - FEBRUARY 3, 2025

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DataBank announces $250m equity investment from TJC, $600m secondary share sale

by Kali Persall

DataBank, a provider of enterprise-class edge colocation, interconnection and managed services, has announced a $250 million equity investment from TJC and a $600 million secondary share offering.

The new funding resulted from excess investor interest in the $2 billion primary equity round announced in October 2024 and brings the total debt and equity raised in the past year and a half to nearly $5 billion.

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 center sector being driven by artificial intelligence.

“We are delighted to have TJC join our investor group,” said Raul K. Martynek, CEO of DataBank. “Their investment and the secondary offering signal both confidence in our strategy and our proven ability to execute and scale the DataBank platform.”

TJC LP, formerly known as The Jordan Company, has worked for more than 40

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