SINGAPORE, Jan 6 (Reuters) – DayOne Data Centers has entered into definitive agreements for over $2.0 billion in its series C equity financing, led by existing investor Coatue with participation including Indonesia Investment Authority, it declared in a statement on late Monday.
Reuters reported in October that the Singapore-headquartered DayOne was seeking to raise more than $1 billion in a new funding round.
The company declared proceeds will be utilized to advance its hyperscale camputilizes 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% premium to its prior equity raising and comes after it raised $1.9 billion in 2024 and an up to 1 billion euro ($1.17 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 requireds of the world’s technology leaders,” DayOne CEO Jamie Khoo declared in the statement.
The company did not disclose a valuation for the series C funding.
($1 = 0.8520 euros)
(Reporting by Yantoultra NguiEditing by Shri Navaratnam)
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