SINGAPORE (Reuters) – Digital Edge, a Singapore-headquartered data centre company, has raised over $1.6 billion in new capital through a combination of equity and debt financing to fund its next phase of growth. The company, a portfolio company of Stonepeak, a New York-headquartered investment firm with about $70 billion of assets under management, said the capital will be used to fund expansion to meet the increasing cloud and artificial intelligence demands of its customers across Asia.
As part of the deal, Digital Edge received around $640 million of equity investment from existing and new investors, as well as $1 billion of total debt financing. The company plans to use the growth capital to fund its expansion plans, which include expanding its network of data centre facilities in Japan, Korea, India, Malaysia, Indonesia, and the Philippines.
Established in 2020, Digital Edge now owns and operates 21 data centres with over 500 megawatt in service and under construction, with another 300 megawatt held for future development. The company’s data centre network spans across several Asian countries, including Japan, Korea, India, Malaysia, Indonesia, and the Philippines.