By Romel S. Gurky
Singapore-based digital infrastructure company DayOne Data Centers has completed the final closing of its Series C equity financing, raising gross proceeds of US$4.5 billion to support expansion across Asia Pacific and Europe.
The financing round was led by existing investors Coatue and Hillhouse, which are now DayOne’s two largest shareholders. New investors participating in the round included Indonesia’s sovereign wealth fund, the Indonesia Investment Authority (INA), and Achi Capital Partners.
DayOne said the proceeds will be used to accelerate growth in key markets including Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong, Finland and Spain.
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Founded in 2022, the company has secured more than 1.5 gigawatts (GW) of data center capacity bookings across Asia Pacific and Europe, making it one of the largest international data center platforms developed in recent years.
DayOne develops and operates data center campuses designed to support cloud computing and artificial intelligence workloads. The company currently has facilities either operating or under development in eight markets across Asia and Europe.
The company said it may also consider additional equity and debt fundraising in private and public markets, depending on future funding requirements and market conditions.
Editing by Alexander Ginting