Vantage Data Centers has raised $1.25 billion in incremental equity capital from its existing investors, led by Digital Colony. This funding will be used to fuel ongoing expansion and development across North America and Europe.
“Hyperscale data center market demand remains strong, and this capital raise will allow Vantage to accelerate its global expansion of sustainable, large-scale campuses,” said Sharif Metwalli, CFO, Vantage Data Centers. “This capital raise demonstrates our investors’ continued commitment to Vantage’s strategic growth plan.”
Vantage has continued its strong trajectory in the second half of 2020 by reaching new milestones around funding and development. The company recently opened its flagship European campus in Frankfurt, with the completion of the first phase of what will be a three-building campus delivering 55 megawatts of critical IT capacity, once fully developed. Vantage also closed on its acquisition of Next Generation Data in