DataBank has completed a $2 billion equity raise led by Australian superannuation fund, AustralianSuper. AustralianSuper has committed $1.5bn in equity which will see it become a significant minority owner of DataBank and join the company's board of directors.
"We are delighted to have AustralianSuper join our investors," said Raul Martynek, DataBank's CEO. "Along with the continued support of our existing investors, it's a vote of confidence in our strategy and our proven ability to execute and scale the DataBank platform. This investment, and our new campuses, are a game-changer for DataBank and our customers, allowing us to bring this capacity to market now and seize the incredible opportunity ahead of us."
"Our investment in DataBank comes at an exciting time in its growth trajectory with strong tailwinds across the sector, coupled with DataBank's ambitious expansion program and diverse business base," said Derek Chu, head of American Real Assets at AustralianSuper. "We're delighted to be helping DataBank, and its experienced leadership team, capitalize on the unprecedented demand for cloud and AI infrastructure. DataBank will grow and further diversify our global digital infrastructure exposure, a sector we believe will help deliver sustainable, long-term performance for more than 3.4 million members."
