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 infrastructure markets in the world.
Hyperscale demand, AI workloads, cloud growth, and regional digital infrastructure needs are pushing funding rounds to record levels.
We update this list every month, so the ranking stays aligned with the latest disclosed fundraising data.
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 startup | Vantage Data Centers, $17.7B raised |
| Second most funded startup | T5 Data Centers, $8.0B raised |
| Largest funding round | T5 Data Centers, $8.0B growth equity round |
| Median funding | About $519.5M |
| Share of funding captured by the top 10 | About 64.7% of disclosed funding |
| Median time since last round | About 2.2 years |
| Startups that raised funding in the last 12 months | 12 startups |
| Data center startups with $1B+ raised | 22 startups |
| Active data center platforms in the ranking | 35 startups |
| Acquired data center companies in the ranking | 20 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 | $17.7B | 6 | November 2025 | $1.6B | APAC platform equity | GIC, ADIA, DigitalBridge | Acquired | Strong |
| 2 | T5 Data Centers | Hyperscale data center operator | $8.0B | 1 | January 2025 | $8.0B | Growth equity | QuadReal Property Group | Active | Strong |
| 3 | DayOne | Hyperscale data center platform | $6.4B | 3 | June 2026 | $4.5B | Series C | Coatue Management, Hillhouse, INA | Active | Strong |
| 4 | Aligned Data Centers | Hyperscale AI data centers | $5.0B+ | 1 | January 2025 | $5.0B+ | Growth equity | Macquarie Asset Management, global infrastructure investors | Active | Partial |
| 5 | DataBank | Enterprise edge colocation platform | $4.4B | 3 | October 2024 | $2.0B | Equity raise | AustralianSuper, DigitalBridge, existing investors | Active | Strong |
| 6 | Cologix | North American interconnection data centers | $4.0B | 3 | April 2022 | $3.0B | Equity recapitalization | Stonepeak, existing Fund II investors, third-party investors | Active | Strong |
| 7 | NEXTDC | Australian hyperscale data centers | $3.5B | 10 | May 2026 | $990M | Entitlement offer | Institutional shareholders, retail shareholders, RBC Capital Markets | IPO | Partial |
| 8 | EdgeCore Digital Infrastructure | Hyperscale US data centers | $3.1B | 2 | September 2024 | $1.9B | Growth equity | Partners Group | Acquired | Strong |
| 9 | Compass Datacenters | Hyperscale data center campuses | $3.0B | 3 | October 2023 | Undisclosed | Acquisition | Brookfield Infrastructure, Ontario Teachers’, RedBird Capital | Acquired | Partial |
| 10 | Global Technical Realty | European hyperscale data centers | $2.9B | 2 | January 2026 | $1.9B | Growth equity commitment | KKR, Oak Hill Capital | Active | Strong |
| 11 | EdgeConneX | Global edge hyperscale data centers | $2.6B+ | 3 | September 2024 | Undisclosed | Minority equity stake | Sixth Street, EQT Infrastructure | Acquired | Partial |
| 12 | Princeton Digital Group | APAC hyperscale data centers | $2.5B | 4 | July 2025 | $1.3B | Preferred equity | Stonepeak, Warburg Pincus, Ontario Teachers’ | Active | Strong |
| 13 | Crusoe | Clean-energy AI data centers | $2.5B | 6 | October 2025 | $1.4B | Series E | Mubadala Capital, Valor Equity Partners, NVIDIA | Active | Full |
| 14 | DATA4 | European data center campuses | $2.4B+ | 6 | August 2025 | Undisclosed | Portfolio stake sale | Arjun Infrastructure, Interogo, Brookfield | Acquired | Partial |
| 15 | PowerHouse Data Centers | US hyperscale data campuses | $2.0B | 3 | May 2025 | $750M | JV platform capital | Blue Owl, Chirisa Technology Parks, AREP | Active | Partial |
| 16 | Chindata Group | Asia hyperscale data centers | $1.7B | 4 | August 2023 | $300M | Privatization equity | Bain Capital, investor consortium | Acquired | Strong |
| 17 | Digital Edge DC | APAC data center platform | $1.6B | 2 | January 2025 | $640M | Equity raise | Stonepeak, existing investors, new investors | Active | Full |
| 18 | ST Telemedia Global Data Centres | Global colocation data centers | $1.3B | 1 | June 2024 | $1.3B | Growth equity / RPS | KKR, Singtel | Active | Strong |
| 19 | Nxtra by Airtel | Indian data center platform | $1.2B | 2 | March 2026 | $1.0B | Growth equity | Alpha Wave Global, Carlyle, Anchorage Capital | Active | Strong |
| 20 | eStruxture | Canadian carrier-neutral data centers | $1.1B | 3 | June 2024 | $880M | PE recapitalization | Fengate Asset Management | Acquired | Partial |
| 21 | Flexential | US colocation and hybrid IT | $1.0B | 2 | August 2025 | Undisclosed | Strategic equity investment | GI Partners, Hamilton Lane, Morgan Stanley Infrastructure Partners | Active | Partial |
| 22 | Omnia | Latin America hyperscale data centers | $1.0B | 1 | May 2025 | $1.0B | Platform equity commitment | Patria Investments | Active | Partial |
| 23 | Echelon Data Centres | European hyperscale data centers | $850M | 1 | February 2024 | $850M | Strategic equity investment | Starwood Capital Group, SREIT | Active | Strong |
| 24 | Empyrion Digital | Green Asia data centers | $828M | 1 | June 2025 | $828M | Growth equity | Seraya Partners, Seraya Fund I co-investors | Active | Full |
| 25 | TierPoint | Edge data centers and cloud | $820M | 4 | February 2022 | $500M | Growth equity | Argo Infrastructure Partners | Acquired | Strong |
| 26 | Bulk Infrastructure | Nordic sustainable data centers | $714M | 3 | June 2024 | $380M | Growth equity | BGO | Active | Partial |
| 27 | Nabiax | Spanish colocation data centers | $594M | 2 | May 2021 | Undisclosed | Strategic equity contribution | Telefónica, Asterion Industrial Partners | Acquired | Partial |
| 28 | Switch | Exascale data center campuses | $531M | 1 | October 2017 | $531M | IPO | Goldman Sachs, J.P. Morgan, BMO Capital Markets | Acquired | Strong |
| 29 | Sabey Data Centers | US colocation data centers | $530M | 4 | April 2023 | $50M | Growth equity | National Real Estate Advisors, Bouwinvest, Wells Fargo | Active | Strong |
| 30 | EcoDataCenter | Sustainable Nordic data centers | $509M | 2 | March 2025 | $487M | Growth equity | Areim, institutional investors | Active | Partial |
| 31 | nLighten | European edge data centers | $500M+ | 1 | February 2023 | $500M+ | Platform growth equity | I Squared Capital | Active | Strong |
| 32 | CtrlS Datacenters | Indian Tier IV data centers | $473M | 3 | June 2026 | $423M | Strategic equity | CPP Investments | Active | Partial |
| 33 | Novva Data Centers | Western US data centers | $450M | 3 | April 2025 | Undisclosed | Growth equity co-investment | Matrix Private Capital Group, CIM Group | Active | Partial |
| 34 | QTS Data Centers | Global colocation data centers | $432M | 3 | October 2013 | $257M | IPO | General Atlantic, public investors | Acquired | Strong |
| 35 | Digital Halo | Asian data center platform | $400M | 1 | May 2025 | $400M | Platform equity commitment | Partners Group, ARCH Capital | Acquired | Strong |
| 36 | CyrusOne | Global colocation data centers | $361M | 1 | January 2013 | $361M | IPO | Public investors | Acquired | Full |
| 37 | DartPoints | Regional edge colocation data centers | $256M | 2 | April 2025 | $250M | Growth equity / majority investment | Nova Infrastructure, Orion Infrastructure Capital, Astra Capital | Active | Partial |
| 38 | Chayora | China hyperscale data centers | $253M | 3 | December 2021 | Undisclosed | Strategic investment | EdgeConneX, Actis | Active | Strong |
| 39 | DC BLOX | Southeastern US data centers | $240M+ | 4 | January 2026 | $240M | Venture equity / HoldCo financing | BlackRock, Global Infrastructure Partners | Active | Low |
| 40 | MedOne | Israeli colocation and cloud infrastructure | $215M | 1 | July 2022 | $215M | Growth equity | Berkshire Partners, van Rooyen Group | Active | Strong |
| 41 | IXcellerate | Russian carrier-neutral data centers | $208M | 4 | January 2022 | $190M | Series B / Growth | Mubadala, SberInvest, RDIF | Active | Partial |
| 42 | MEEZA | Qatari managed IT data centers | $193M | 1 | June 2023 | $193M | IPO | Public investors, QInvest | IPO | Strong |
| 43 | AirTrunk | APAC hyperscale data centers | $184M+ | 2 | 2019 | Undisclosed | Growth equity + debt package | TPG Capital, Goldman Sachs, Robin Khuda | Acquired | Partial |
| 44 | Kao Data | UK AI-ready data centers | $177M | 2 | October 2023 | Undisclosed | Follow-on equity | Infratil, Legal & General Capital, Goldacre NOÉ | Acquired | Partial |
| 45 | DCI Data Centers | APAC data center operator | $166M | 1 | January 2019 | $166M | Acquisition equity | Brookfield Infrastructure, institutional partners | Acquired | Partial |
| 46 | Yotta Infrastructure | Indian AI cloud data centers | $150M | 1 | July 2026 | $150M | Growth equity | Non-institutional investors | Active | Partial |
| 47 | Web Werks Data Centers | Indian colocation data centers | $150M | 1 | April 2021 | $150M | Strategic equity / JV | Iron Mountain | Acquired | Full |
| 48 | Verne Global | Green Nordic data centers | $125M | 2 | June 2020 | $27M | Equity | General Catalyst, Novator Partners, Wellcome Trust | Acquired | Strong |
| 49 | Raxio Group | African carrier-neutral data centers | $94M | 2 | October 2023 | $46M | Growth equity | Roha Group, Meridiam | Active | Full |
| 50 | Ark Data Centres | UK sustainable data centers | $80M | 7 | January 2019 | $8M | Unspecified equity round | Not publicly reconstructible | Active | Low |
| 51 | Ascenty | Latin American data centers | $53M | 4 | June 2015 | $53M | Series B / growth equity | Great Hill Partners | Acquired | Partial |
| 52 | PAIX Data Centres | African carrier-neutral colocation | $50M | 2 | July 2024 | $30M | Series C | Africa50 | Active | Full |
| 53 | IXAfrica Data Centre | Kenyan hyperscale data centers | $50M | 1 | November 2022 | $50M | Growth equity | Helios Investment Partners | Acquired | Full |
| 54 | OData | Latin American hyperscale data centers | $42M | 2 | January 2022 | $30M | Investment round | IFC, CyrusOne | Acquired | Partial |
| 55 | Evocative | Colocation and internet infrastructure | $30M | 1 | April 2022 | $30M | Growth equity | Crestline Investors | Active | Partial |
| 56 | Teraco Data Environments | African carrier-neutral colocation | $28M | 7 | March 2009 | Undisclosed | Venture / growth equity | Greenspring Associates, Columbia Capital, Marlow | Acquired | Partial |
| 57 | 365 Data Centers | Colocation and managed infrastructure | $16M | 1 | September 2014 | $16M | Series B | Undisclosed investors | Acquired | Partial |
| 58 | Digital Fortress | Enterprise colocation data centers | $3M | 5 | November 2016 | $3M | Early-stage / Series A | Wellington Financial, Meritage Funds | Active | Low |

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
- Vantage Data Centers alone raised $17.7B, more than T5 Data Centers, DayOne, and Aligned Data Centers combined, which shows how concentrated data center funding has become.
- The top 10 data center companies captured about 65% of all disclosed funding in this ranking, so investors are clearly backing a small group of scaled infrastructure platforms.
- DayOne’s $4.5B Series C represented about 71% of its total disclosed funding, which shows how quickly hyperscale data center platforms can scale when demand is already visible.
- T5 Data Centers raised its full disclosed $8.0B funding base in one round, showing that data center financing often looks more like infrastructure capital than traditional venture funding.
- Recent billion-dollar rounds are clustered between 2024 and 2026, with Vantage, T5 Data Centers, DayOne, DataBank, EdgeCore, and Global Technical Realty all raising major equity during that period.
- APAC data center platforms are attracting very large checks, with DayOne, Princeton Digital Group, Digital Edge DC, Nxtra by Airtel, and Empyrion Digital all raising major institutional capital.
- Africa remains much smaller in disclosed data center equity, with Raxio, PAIX, IXAfrica, and Teraco together far below the largest US, European, and APAC platforms.
- Clean-energy and AI-ready data center operators are becoming more important, with Crusoe, EcoDataCenter, Verne Global, Kao Data, and Yotta Infrastructure linking compute demand to power strategy.

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 startups and private data center platforms based on their 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 they are the most reliable source for funding amounts. When those were not available, we relied on reputable industry sources such as TechCrunch, Crunchbase, Financial Times or Forbes (to name a few).
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, rupees, or other local currencies, 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. 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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