HomeUSADataBank Receives $250M Equity Investment from TJC and $600M Secondary Share Sale

DataBank Receives $250M Equity Investment from TJC and $600M Secondary Share Sale

-

DataBank

DataBank, a Dallas, TX-based provider of enterprise-class edge colocation, interconnection, and managed services, announced a $250M equity investment from TJC and a $600M secondary share offering.

The new funding resulted from excess investor interest in the $2B primary equity round announced in October 2024, and brought the total debt and equity raised in the past year and a half to nearly $5 Billion. Participants in the secondary share purchase acquired shares from existing investors.

Led by CEO Raul K. Martynek, DataBank helps enterprises, technology, and content providers ensure their data and applications are always on and ready to scale to meet the needs of the artificial intelligence era. It combines its platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of 100% uptime availability, to give its customers confidence in their IT infrastructure.

FinSMEs

30/01/2025

THE DAILY NEWSLETTER - SIGNUP