DataBank, a data center colocation, interconnection, and managed services company, has raised $250 million from TJC (formerly The Jordan Company). This incestment fund came from excess interest in the company's $2 billion round last October. The operator has raised nearly $5bn in debt and equity over the past year and a half, with $600m of shares also sold by existing investors.
"We are delighted to have TJC join our investor group," said Raul K. Martynek, DataBank's CEO. "Their investment and the secondary offering signal both confidence in our strategy and our proven ability to execute and scale the DataBank platform."
Eion Hu, partner at TJC, added: "We could not be more excited to partner with Raul, DataBank, and the other world-class digital infrastructure investors supporting DataBank's robust growth plans.
"Data centers are the cornerstone of the digital transformation and artificial intelligence, and we believe DataBank is uniquely positioned to capitalize on the sustained demand for reliable, scalable, and energy-efficient infrastructure in an increasingly data-driven world."
