Raxio Data Centres, a leading provider of world-class carrier-neutral, Tier III data centres in Africa, has announced that it has secured an additional US$46 million in equity funding. This significant investment comes from existing shareholders Roha and Meridiam, reinforcing confidence in Raxio’s vision and execution capabilities.
This additional funding comes shortly after Raxio successfully secured a facility of up to US$170 million of debt earlier this year, from Proparco and the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company. Together, these investments have made Raxio the best-funded independent data centre platform on the continent, solidifying its financial strength and securing its growth prospects.
The newly acquired funds will be strategically deployed to support Raxio’s expansion initiatives and facilitate the development of high-quality hyperscale-ready data centre facilities in leading African metro areas. This investment will enable Raxio to provide enhanced services and cater to the growing demand for reliable data storage, processing and connectivity solutions in Africa.
“This investment marks a milestone achievement for Raxio,” said Robert Mullins, CEO of Raxio Data Centres. “We are grateful for the trust and support of our existing shareholders, Roha and Meridiam. This capital injection will allow Raxio to continue to expand its presence across the continent and to deliver the resilient mission-critical environments that our customers are looking for.
“As the best-funded data centre platform on the continent, it is our responsibility to advance Africa’s digital infrastructure and connectivity capabilities while upholding the highest standards of sustainability and operational excellence. We are excited about the future and look forward to continuing our mission of enabling businesses across Africa to thrive in the digital age.”Click below to share this article