Digital Edge (Singapore) Holdings Pte Ltd., a prominent developer and operator of interconnection and hyperscale edge data centers in Asia, has raised over $1.6 billion through a combination of equity and debt financing. Backed by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, this funding underscores Digital Edge’s ambition to meet the growing demands of cloud computing and artificial intelligence (AI) in the region.
A Landmark Capital Raise
The $1.6 billion funding includes approximately $640 million in equity investment from both existing and new investors, alongside $1 billion in debt financing for multiple campus expansions. This equity round was significantly oversubscribed, attracting some of the world’s largest institutional investors and sovereign wealth funds as co-investors.
This growth capital will accelerate Digital Edge’s footprint, ensuring the platform is well-positioned to address the evolving digital infrastructure needs of its clients.
Rapid Expansion Across Asia
Since its inception in 2020, Digital Edge has rapidly scaled its operations, boasting 21 data centers across key markets such as Japan, Korea, India, Malaysia, Indonesia, and the Philippines. These facilities account for over 500 MW of critical IT load currently in service or under construction, with an additional 300 MW reserved for future developments.
Key milestones in 2023 include:
- Korea: Launch of SEL2, a 36MW facility in Seoul’s 100MW Incheon campus.
- Indonesia: Opening of EDGE2, a 23MW facility in Jakarta.
Looking ahead, Digital Edge is set to achieve further milestones:
- India: The first facility in the 300MW Navi Mumbai campus, scheduled to open in Q2 2025.
- Japan: The launch of TY07, a hyperscale edge facility in downtown Tokyo and the ninth data center in the country.
Strategic Vision for Growth
Andrew Thomas, Chairman of Digital Edge and Senior Managing Director at Stonepeak, highlighted the platform’s significant achievements:
“The level of interest received from investors reflects Digital Edge’s proven track record and expansion capacity. Since our founding investment in 2020, we have proudly supported the platform’s growth into a truly pan-APAC footprint.”
Samuel Lee, CEO of Digital Edge, emphasized the company’s forward-looking vision:
“This milestone validates the strength of our platform and team. We’re excited to deliver the next phase of AI-ready data center developments.”
John Freeman, President of Digital Edge, echoed these sentiments:
“This funding will enable us to expand our digital infrastructure, ensuring we meet our customers’ cloud, AI, and interconnection needs effectively.”
Meeting Asia’s Digital Demand
The demand for robust digital infrastructure in Asia has been fueled by the rapid adoption of cloud technologies, AI, and interconnection services. Digital Edge’s investments aim to address these needs while aligning with sustainability goals and innovation in data center solutions.
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