Which startups have raised the most funding in the data center market?
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In our data center market deck, you will find everything you need to understand the market
The data center market has become one of the most capital-intensive startup categories in infrastructure, pushed by cloud demand, AI workloads, and the need for larger hyperscale campuses.
This constantly refreshed ranking tracks the top startups in the data center market by cumulative funding raised, and we update this list every month.
The goal is simple, help investors see which data center startups have attracted the most capital, which companies are still active, and where the largest funding rounds are happening.
And if you want to better understand this new industry, you can download our pitch covering the data center market.
A quick summary table
| Metric | Value |
|---|---|
| Most funded data center startup | Vantage Data Centers, $12.4B raised |
| Second most funded data center startup | T5 Data Centers, $10.5B raised |
| Largest funding round | Start Campus, $9.4B platform and project equity round in April 2025 |
| Median funding | About $500M+ |
| Share of funding captured by the top 10 | About 66% of disclosed funding |
| Median time since last round | About 3 years |
| Startups that raised funding in the last 12 months | 9 startups |
| Largest active data center platform | Vantage Data Centers, $12.4B raised |
| Data center startups with $1B+ raised | 22 startups |
| Active data center funding pool | About $49.1B tied to active companies |

This chart, featured in our data center market deck, illustrates yearly venture capital funding for data center startups
Top startups in the data center market ranked by total funding raised
Here is an updated table that ranks the top startups in the data center market based on the total amount of funding they have raised to date.
The table also includes the total number of funding rounds, the date and size of the latest round, the financing type (e.g. Series A, equity financing), key investors, the startup’s current status (active, IPO, acquired, or shut down), and a confidence score based on the data collected (we excluded startups with very low data confidence, to make sure everything is reliable).
If you're interested in knowing how much these startups are worth, you can check our list of the top startups in the data center market ranked by valuation.
| # | Startup | What They Do | Total Raised ($) | Total Rounds | Last Round Date | Last Round Amount ($) | Last Round Type | Key Investors | Current Stage | Confidence |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vantage Data Centers | Hyperscale data center campuses | $12.4B | 3 | November 2025 | $1.6B | Growth Equity | GIC, ADIA, DigitalBridge | Active | Strong |
| 2 | T5 Data Centers | Hyperscale data center platform | $10.5B | 2 | February 2025 | $8.0B | Platform Equity | QuadReal, T5 Data Centers | Active | Strong |
| 3 | Start Campus | Portugal gigascale AI campus | $9.4B | 1 | April 2025 | $9.4B | Platform / Project Equity | Davidson Kempner, Pioneer Point Partners | Active | Partial |
| 4 | DayOne | Hyperscale data center platform | $6.4B | 3 | June 2026 | $4.5B | Series C | Coatue, Hillhouse, Indonesia Investment Authority | Active | Full |
| 5 | Aligned Data Centers | Hyperscale data center platform | $5.0B+ | 3 | January 2025 | $5.0B+ | Primary Equity | Macquarie Asset Management, global infrastructure investors | Active | Strong |
| 6 | Cologix | North American edge data centers | $4.7B | 3 | October 2024 | $500M | Growth Equity | Stonepeak, Mubadala, new/existing investors | Active | Partial |
| 7 | EdgeCore Digital Infrastructure | Hyperscale data center campuses | $3.1B | 2 | September 2024 | $1.9B | Growth Equity | Partners Group, global co-investors | Acquired | Full |
| 8 | Global Technical Realty | European hyperscale data centers | $2.9B | 2 | January 2026 | $1.9B | Growth Equity Commitment | KKR, Oak Hill Capital | Active | Full |
| 9 | NEXTDC | ASX data center operator | $2.7B | 7 | April 2026 | $1.1B | Entitlement Offer | Existing shareholders, institutional investors, retail shareholders | IPO | Strong |
| 10 | Princeton Digital Group | APAC hyperscale data centers | $2.5B | 4 | July 2025 | $1.3B | Series C / Growth Equity | Stonepeak, Warburg Pincus, Ontario Teachers’ | Active | Strong |
| 11 | Crusoe | AI data centers and cloud | $2.5B | 7 | October 2025 | $1.4B | Series E | Valor Equity Partners, Mubadala Capital, NVIDIA | Active | Strong |
| 12 | DataBank | Edge colocation data centers | $2.2B | 2 | January 2025 | $250M | Growth Equity | TJC, AustralianSuper, DigitalBridge | Active | Strong |
| 13 | BDx Data Centers | APAC carrier-neutral data centers | $2.0B+ | 1 | Undisclosed | $2.0B+ | Platform Backing | I Squared Capital | Acquired | Low |
| 14 | Digital Edge DC | APAC data center platform | $1.6B | 2 | January 2025 | $640M | Growth Equity | Stonepeak, institutional investors, sovereign wealth funds | Active | Strong |
| 15 | Chindata Group | APAC hyperscale data centers | $1.5B | 3 | September 2020 | $621M | IPO | Bain Capital, Country Garden, SK Holdings | Acquired | Strong |
| 16 | AtlasEdge Data Centres | European edge data centers | $1.4B | 3 | April 2023 | $795M | Growth | DigitalBridge, Liberty Global, Digital Realty | Active | Partial |
| 17 | ST Telemedia Global Data Centres | Global colocation data centers | $1.3B | 1 | June 2024 | $1.3B | Preferred Equity | KKR, Singtel | Active | Strong |
| 18 | AirTrunk | APAC hyperscale data centers | $1.3B | 3 | April 2019 | $333M | Equity + Debt Financing | Goldman Sachs, TPG Sixth Street Partners, Robin Khuda | Acquired | Partial |
| 19 | Nxtra by Airtel | Indian hyperscale data centers | $1.2B | 2 | March 2026 | $1.0B | Growth Equity | Alpha Wave Global, Carlyle, Anchorage Capital | Active | Full |
| 20 | eStruxture | Canadian carrier-neutral data centers | $1.1B | 4 | June 2024 | $876M | Control / Growth Equity | Fengate, CDPQ, Canderel | Acquired | Partial |
| 21 | Flexential | Hybrid colocation and data centers | $1.0B | 2 | August 2025 | Undisclosed | Growth Equity | Hamilton Lane, GI Data Infrastructure, GI Partners | Active | Partial |
| 22 | EcoDataCenter | Sustainable Nordic data centers | $961M | 2 | March 2025 | $480M | Growth Equity | Areim DC Fund, institutional investors | Active | Partial |
| 23 | Echelon Data Centres | European hyperscale data center developer | $850M | 1 | February 2024 | $850M | Private Equity | Starwood Capital Group, Starwood Opportunity Fund XII, SREIT | Active | Strong |
| 24 | Empyrion Digital | Green Asian data centers | $828M | 1 | June 2025 | $828M | Growth Equity Commitment | Seraya Partners, co-investors | Active | Full |
| 25 | TierPoint | Colocation and cloud infrastructure | $820M | 2 | February 2022 | $500M | Strategic Equity | Argo Infrastructure Partners | Acquired | Strong |
| 26 | Bulk Infrastructure | Nordic sustainable data centers | $700M | 3 | June 2024 | $380M | Growth Equity | BGO | Active | Strong |
| 27 | Switch | AI and cloud data centers | $531M | 1 | October 2017 | $531M | IPO | Public investors, Goldman Sachs, J.P. Morgan | Acquired | Full |
| 28 | CyrusOne | Global colocation data centers | $504M | 2 | Q4 2021 | $190M | Public Equity / ATM | Public-market investors | Acquired | Partial |
| 29 | nLighten | European edge data centers | $500M+ | 1 | February 2023 | $500M+ | Platform Equity | I Squared Capital | Active | Strong |
| 30 | Elea Digital | Brazilian sustainable data centers | $500M+ | 2 | April 2026 | $500M | Majority-Stake Equity Event | I Squared Capital, Piemonte, Goldman Sachs | Acquired | Partial |
| 31 | Novva Data Centers | US hyperscale data centers | $450M | 2 | June 2022 | $355M | Growth Equity | CIM Group | Active | Strong |
| 32 | AIMS Data Centre | Southeast Asian colocation platform | $438M | 1 | April 2023 | $438M | Strategic Equity | DigitalBridge, TIME dotCom | Acquired | Partial |
| 33 | QTS Data Centers | North American data centers | $432M | 3 | October 2013 | $257M | IPO | General Atlantic, public investors | Acquired | Strong |
| 34 | Sabey Data Centers | US colocation data centers | $420M | 3 | April 2023 | $50M | Follow-on Platform Equity | National Real Estate Advisors, Bouwinvest | Active | Partial |
| 35 | Digital Halo | Asian data center platform | $400M | 1 | May 2025 | $400M | Acquisition / Growth Equity | Partners Group, ARCH Capital | Acquired | Partial |
| 36 | Chayora | China hyperscale data campuses | $253M | 3 | December 2021 | Undisclosed | Strategic Investment | EdgeConneX, Actis, Standard Chartered | Active | Strong |
| 37 | IXcellerate | Russian colocation data centers | $225M | 4 | January 2022 | $190M | Growth Equity / Series B | Mubadala, SberInvest, RDIF | Active | Partial |
| 38 | MedOne | Israeli underground data centers | $215M | 1 | July 2022 | $215M | Private Equity | Berkshire Partners, van Rooyen Group, Taavura | Active | Strong |
| 39 | MEEZA | Qatari managed IT services | $193M | 1 | June 2023 | $193M | IPO | QInvest, qualified investors, retail investors | IPO | Full |
| 40 | Compass Datacenters | Hyperscale data center campuses | $178M | 7 | July 2019 | $135M | Series D | Azrieli Group, RedBird Capital, Ontario Teachers’ | Acquired | Partial |
| 41 | Kao Data | AI-ready UK data centers | $178M | 3 | October 2023 | Undisclosed | Follow-on Equity | Infratil, Legal & General, Goldacre | Active | Partial |
| 42 | Web Werks Data Centers | Indian colocation data centers | $150M | 1 | February 2021 | $150M | Primary Equity | Iron Mountain | Acquired | Partial |
| 43 | Verne Global | Renewable HPC data centers | $125M | 2 | June 2020 | $27M | Growth Equity | Wellcome Trust, Novator Partners, General Catalyst | Acquired | Full |
| 44 | CtrlS Datacenters | Rated-4 Indian data centers | $100M | 3 | 2022 | $50M | PE | Undisclosed PE, promoters, group companies | Active | Partial |
| 45 | DC BLOX | Southeastern US data centers | $98M+ | 5 | October 2024 | Undisclosed | Growth Equity | Post Road Group, Bain Capital Credit | Active | Partial |
| 46 | Raxio Group | African carrier-neutral data centers | $94M | 3 | October 2023 | $46M | Growth Equity | Roha Group, Meridiam | Active | Strong |
| 47 | Africa Data Centres | African colocation data centers | $90M | 1 | December 2024 | $90M | Parent Equity | U.S. DFC, Finnfund, Google | Active | Partial |
| 48 | EdgeConneX | Edge and hyperscale data centers | $62M | 4 | Not disclosed | Not disclosed | Early-Stage Equity | Comcast Ventures, TDF Ventures, Providence Equity | Acquired | Low |
| 49 | IXAfrica Data Centre | Kenyan hyperscale data center | $50M | 1 | November 2022 | $50M | Growth Equity | Helios Investment Partners | Acquired | Strong |
| 50 | PAIX Data Centres | African carrier-neutral colocation | $50M | 2 | July 2024 | $30M | Series C | Africa50 | Active | Strong |
| 51 | Evocative | Colocation and internet infrastructure | $30M | 2 | September 2022 | Undisclosed | Equity / Acquisition Funding | Crestline Investors | Active | Partial |
| 52 | 365 Data Centers | Edge colocation and connectivity | $16M | 1 | September 2014 | $16M | Series B | Not clearly disclosed | Acquired | Partial |
| 53 | Teraco Data Environments | African carrier-neutral colocation | $15M | 3 | June 2011 | $6M | Series C | IFC, Treacle Private Equity, Marlow Capital | Acquired | Partial |
| 54 | OData | Latin American hyperscale colocation | $12M | 1 | October 2018 | $12M | Strategic Equity | CyrusOne, Patria Investments | Acquired | Partial |
| 55 | DartPoints | Edge colocation data centers | $6M | 7 | April 2025 | Undisclosed | Majority Investment | NOVA Infrastructure, Astra Capital Management | Acquired | Partial |
| 56 | Digital Fortress | Enterprise colocation data centers | $5M | 3 | November 2016 | $3M | Series A | Meritage Funds, Wellington Financial | Acquired | Partial |
| 57 | Hyperco | Nordic data center developer | $1M | 1 | Undisclosed | $1M | Undisclosed Equity | Linnea Capital, NREP, Varma | Acquired | Partial |

This market map, featured in our data center market deck, highlights top companies and startups in the data center market
Key funding trends in the data center market
Insights
- The top five data center startups account for roughly $43.7B of disclosed funding, which shows how much capital is now concentrated in hyperscale and AI-ready campus platforms.
- Recent data center rounds are unusually large. DayOne, T5, Aligned Data Centers, Global Technical Realty, NEXTDC, Princeton Digital Group, and Crusoe each raised at least $1B in the latest disclosed round.
- Active data center platforms dominate the market, with about $49.1B of disclosed funding still tied to operating companies rather than acquired or public assets.
- The data center market has moved away from classic venture-style funding. Many of the largest rounds now look more like infrastructure commitments, often backed by sovereign funds, pensions, and private equity sponsors.
- AI infrastructure is becoming a major funding signal. Crusoe, DayOne, Vantage Data Centers, T5 Data Centers, Aligned Data Centers, and NEXTDC together represent more than $39B of disclosed funding.
- The gap between leaders and mid-tier data center platforms is extreme. Vantage Data Centers has raised almost 25 times more disclosed funding than nLighten’s $500M+ platform commitment.
- Africa-focused data center platforms remain much smaller in disclosed funding scale, with Raxio, IXAfrica, and PAIX together totaling less than $200M despite strong long-term demand drivers.

As this chart shows, and as featured in our data center market deck, search interest in data centers has increased significantly
A few word about our methodology
As you can see, we built a database that ranks data center startups and data center infrastructure platforms based on total cumulative fundraising. To create this ranking, we reviewed many sources and cross-checked information across multiple places.
Whenever possible, we prioritized official company communications, since company announcements are usually the most reliable source for funding amounts, investor names, and round dates. When those were not available, we relied on reputable industry sources such as TechCrunch, Crunchbase, Financial Times or Forbes (to name a few), as well as data center industry publications and infrastructure finance sources.
We excluded random blogs, unverified websites, and any sources that could not be validated.
When funding rounds were announced in other currencies such as euros, Swiss francs, Singapore dollars, Australian dollars, or rupees, we converted them into approximate USD equivalents for consistency.
Sometimes different sources report slightly different numbers, or the exact round size is not fully disclosed. This is especially common in the data center market, because many financing events combine equity, debt, project capital, platform commitments, and acquisition funding. In those cases, we flag the uncertainty and assign a confidence label to each startup, visible in the last column.
Here is what they mean.
Full confidence: The company’s equity fundraising history can be reconstructed completely from public sources. The rounds, dates, amounts, and key investors are clearly identified, with no meaningful gaps.
Strong confidence: The fundraising history is largely complete and reliable. There may be a small missing detail, such as incomplete investor information or a minor round with limited data, but the overall record is clear.
Partial confidence: The main fundraising rounds can be identified, but the record is incomplete or somewhat mixed. Some rounds may be missing or certain funding events may be difficult to separate clearly.
Low confidence: Public information is too limited, inconsistent, or ambiguous to reliably reconstruct the company’s equity fundraising history.
When the confidence level is too low, we take a conservative approach and exclude the company from the ranking. We don’t want to include data that cannot be reliably verified.
This reflects how we conduct all our research, including the work behind our report covering the data center market.
In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.
If you want the full detail on a specific calculation, feel free to contact us and we will gladly explain.
Finally, know that we update the dataset once per month, so come back here if you need fresh information.

This chart, featured in our data center market deck, shows how Equinix is capturing share in data centers
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