DayOne Data Centers raises over US$2 billion to fund Europe, Asia expansion

[SINGAPORE] DayOne Data Centers has entered into definitive agreements for over US$2 billion in its Series C equity financing, led by existing investor Coatue with participation including Indonesia Investment Authority, it said on Monday (Jan 5) evening.

Reuters reported in October that the Singapore-headquartered DayOne was seeking to raise more than US$1 billion in a new funding round.

The company said proceeds will be used to advance its hyperscale campuses in Lahti and Kouvola, Finland, and support expansion in Singapore, Johor in Malaysia, Batam in Indonesia, Thailand, Japan and Hong Kong.

It added that the funding round was priced at a 100 per cent premium to its prior equity raising and comes after it raised US$1.9 billion in 2024 and an up to one billion euro (S$1.5 billion) mezzanine facility secured in 2025.

“This new capital further strengthens our ability to expand our European and Asia-Pacific platforms, execute against our secured development pipeline, and deliver high-performance, AI ready capacity that supports the long-term needs of the world’s technology leaders,” DayOne CEO Jamie Khoo said in the statement.

The company did not disclose a valuation for the Series C funding. REUTERS