DayOne, a Singapore-based data centre operator, is seeking to raise more than US$1 billion in a new funding round to support its growth plans in Southeast Asia and Europe, Reuters reported yesterday, quoting people familiar with the matter. DayOne could be valued at US$ 4 billion to US $5 billion in the funding round before new capital is injected, the sources said, adding that new investors, including major global infrastructure funds and Middle Eastern sovereign wealth funds, were some potential funders.
In an email response to Reuters, DayOne has confirmed the equity fundraising efforts.
The company also has plans to list in the mid- to long-term, one of the sources revealed.
DayOne’s current investors include Hillhouse Investment, Boyu Capital, U.S. investment firm Coatue Management and the SoftBank Vision Fund.
DayOne’s portfolio of assets include some 480 megawatts of data centre capacity that are in service or under construction, and an additional 590 MW reserved for future development across Asia, namely Hong Kong, Singapore, Malaysia, Indonesia and Japan. It has also in August expanded its footprint to Finland with a 1.2 billion euro (US$ 1.4 billion) investment in a hyperscale data centre campus.