Singapore-headquartered Digital Edge, which operates data centres in Asia, has announced raising over $1.6 billion in fresh equity and debt capital funding to continue the expansion of its platform.
The fresh funding includes approximately $640 million of equity investment from both existing and new investors and $1 billion in debt financing, per the announcement.
Digital Edge, a portfolio company of alternative investment firm Stonepeak Infrastructure Partners, operates 21 data centres across Asia, delivering over 500 MW of critical IT load.
It also holds another 300 MW for future development across key markets, including Japan, Korea, India, Malaysia, Indonesia, and the Philippines.
The company said the equity raise was oversubscribed and secured commitments from some of the world’s largest institutional investors and sovereign wealth funds.
“This efficient and flexible funding will accelerate the continued execution of our vision, enabling us to further build out our digital infrastructure to better meet our customers’ cloud, AI, and interconnection requirements,” said John Freeman, President of Digital Edge.
The company has made significant strides in expanding its footprint. In October, it launched its 36 MW SEL2 facility, the first building of a planned 100 MW campus in Incheon, South Korea.
Recently, it inaugurated the 23 MW EDGE2 facility in Jakarta, Indonesia. Future projects include a 300 MW campus in Navi Mumbai, India, scheduled to open in Q2 2025, and a hyperscale edge facility in Tokyo, TY07, the company’s ninth data centre in Japan.
Digital Edge provides data centre and fibre services across Asia, with a presence in Japan, Korea, India, Malaysia, Indonesia, and the Philippines.
The company’s capital raise highlights a surge in data centre financing across Asia, driven by growing demand for infrastructure to support artificial intelligence services.
Last month, Yondr Group, a global developer, owner, and operator of hyperscale data centres, raised a total of $900 million in commitments for its hyperscale data centre campus in Malaysia.
In September, LG Sinar Mas, the joint venture company between Indonesian conglomerate Sinar Mas Group and South Korea’s LG CNS, announced that it is setting up a $300-million new data centre in South Jakarta.
