Empyrion Digital, the data centre platform backed by private equity firm Seyara Partners, has made its first investment in Thailand. Meanwhile, New Zealand-headquartered college admission advisor Crimson Education has raised new funding.
Empyrion Digital enters Thailand
Seyara Partners-backed digital infrastructure platform Empyrion Digital has made a foray into Thailand with a new data centre in Bangkok.
This is its first major investment in Southeast Asia following its establishment in Singapore in 2021, and marked the fifth data centre after its investments in Singapore, Seoul, Tokyo and Taipei, the company said.
The Bangkok data centre covers over 9,960 square metres, with in-principle power available and diverse connectivity to all fibre providers in Bangkok. Upon completion, which is slated for Q1 2027, the property will be optimised to meet artificial intelligence (AI) and cloud computing requirements using cooling technologies to achieve low power and water usage effectiveness.
As a bridge to the CLMVT region (Cambodia, Lao, Myanmar, Vietnam, Thailand), Thailand’s data centre market is expected to reach $1.19 billion by 2029, according to Empyrion Digital.
Earlier this year, the company secured a five-year term loan worth S$133 million ($99.4 million) to refinance its 12.5-MW data centre in Singapore.
Singapore-based private equity firm Seyara Partners invested in Empyrion in 2021, claiming it was Asia’s first green data centre operator focusing on using renewable energy and hydrogen solutions.
Crimson Education bags new funding
New Zealand-headquartered education advising and mentoring firm Crimson Education has raised $25 million in funding from a group of investors including organizations, leaders, and celebrities in media, public relations, finance, business, and communications.
The investors include US News & World Report, Icehouse Ventures, Five Sigma, HighSage Ventures, and NFL legend Larry Fitzgerald Jr, the company said in a statement.
“This new funding round brings not only game-changing capital investments but immeasurable strategic advising and communications partnerships,” Crimson Education said.
Established in 2013 as a college-prep services provider, Crimson’s largest markets are Australia, Japan, South Korea, China, New Zealand, Russia, the US, and the UK.
AFR reported that Crimson Education gained unicorn status earlier with its NZ$67 million ($40 million) fundraising led by New Zealand venture capital firm Movac, with participation from Australian investment firm HEAL Partners. Other investors include Tiger Global, Gregory Cappelli, the former CEO of Apollo Education Group and GreenMount, an investment partner of Ngāi Tahu Holdings.
