Funding round
Cologix Growth
Reported as "Growth Equity"
Cologix, which works in data center services in United States, raised $500M in a Growth round announced on 23 Sep 2019. 1 firm took part.
$500M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Cologix did not disclose a valuation in this round. It is Cologix's first venture round on record, 9 years after it was founded in 2010. No later venture round is on record for Cologix.
Cologix's funding rounds
This is the only venture round on record for Cologix.
- Growth this round 23 Sep 2019 $500M
- Debt not a venture round 5 Apr 2023 $145M
- Debt not a venture round 21 Jul 2025, led by Deutsche Bank Securities Inc. $525M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Mubadala backs 42 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
5 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $39M, and this round was 13 times the median. The closest in time, other companies' Growth rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 31 Oct 2019 | $39M | not disclosed | not named |
| Crusoe Hosting & Cloud Infrastructure Providers | 6 Dec 2019 | $30M | not disclosed | Bain Capital Ventures and KCK Financial Services |
| DataBank Hosting & Cloud Infrastructure Providers | 6 Jan 2020 | $185M | not disclosed | Colony Investment Management |
| TierPoint Hosting & Cloud Infrastructure Providers | 24 Mar 2020 | $320M | not disclosed | Argo Infrastructure Partners and Wafra |
| Wasabi Hosting & Cloud Infrastructure Providers | 28 May 2020 | $30M | $281M | Forestay |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Cologix raise in its Growth round?
Cologix raised $500M in its Growth round, announced in Sep 2019.
Which investors took part in Cologix's Growth round?
Mubadala.
What was Cologix's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Hosting & Cloud Infrastructure Providers?
5 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $39M, and this round was 13 times the median.