Sep 27, 2024 | Posted by Abdul-Rahman Oladimeji
Brazilian firm Scala Data Centers this week announced the successful completion of $500 million in structured financing. The investment includes $250 million from Coatue Tactical Solutions and $250m from the Investment Management Corporation of Ontario (IMCO) which will be used to accelerate Scala's expansion across Latin America to support the compounding growth of cloud and AI.
"We are thrilled to welcome Coatue and IMCO and honored by their choice of Scala," said Marcos Peigo, CEO and co-founder of Scala Data Centers. "Their support is a powerful endorsement of our vision and the relentless dedication of our team. This investment and their partnership will allow Scala to further accelerate our development of next-generation infrastructure to support the continued adoption of cloud and AI technologies in the region."
"As a long-term investor, IMCO seeks sustainability and growth as key investment attributes for our digital infrastructure portfolio. Scala has this rare combination and represents the kind of world-class asset IMCO invests in," said Fred Robert, managing director, Digital Infrastructure, IMCO. "Leveraging abundant hydropower in Brazil, Scala positions itself as an industry leader in sustainability within the data center sector. We expect this differentiator to drive its continued success with hyperscalers in the region."
