Funding round
DataBank Growth
Reported as "Growth Equity"
DataBank, which works in data center solutions services in Dallas, raised $185M in a Growth round announced on 6 Jan 2020, led by Colony Investment Management. 1 firm took part. It is DataBank's first venture round on record.
$185M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
DataBank did not disclose a valuation in this round. It is DataBank's first venture round on record, 15 years after it was founded in 2005. It is 10% of the $1.82B DataBank has raised in the venture rounds on record. DataBank raised again 46 months later: a Growth round of $188M in Nov 2023.
DataBank's funding rounds
DataBank has 3 venture rounds on record and 10 other deals. This one is highlighted.
- Acquisition not a venture round 13 Jul 2016, led by DigitalBridge amount not disclosed
- Growth this round 6 Jan 2020, led by Colony Investment Management $185M
- Debt not a venture round 1 Mar 2021 $658M
- Debt not a venture round 28 Oct 2021, led by DigitalBridge $330M
- Debt not a venture round 1 Mar 2023 $715M
- Debt not a venture round 1 Nov 2023, led by First Citizens, MUFG and CoBank $345M
- Growth 1 Nov 2023 $188M
- Debt not a venture round 1 Feb 2024 $456M
- Debt not a venture round 1 Apr 2024, led by TD Securities $725M
- Other not a venture round 30 Jan 2025, led by TJC $250M
- Debt not a venture round 24 Sep 2025 $725M
- Debt not a venture round 15 Jun 2026 $650M
- Growth 15 Jun 2026 $1.45B
Investors
Who put money in
Colony Investment Management led the round.
Lead investor
- new investor
Joined the board: Justin Chang (Colony Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- 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 4.7 times the median. The closest in time, other companies' Growth rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Crusoe Hosting & Cloud Infrastructure Providers | 6 Dec 2019 | $30M | not disclosed | Bain Capital Ventures and KCK Financial Services |
| TierPoint Hosting & Cloud Infrastructure Providers | 24 Mar 2020 | $320M | not disclosed | Argo Infrastructure Partners and Wafra |
| Hosting & Cloud Infrastructure Providers | 31 Oct 2019 | $39M | not disclosed | not named |
| Cologix Hosting & Cloud Infrastructure Providers | 23 Sep 2019 | $500M | not disclosed | not named |
| Wasabi Hosting & Cloud Infrastructure Providers | 28 May 2020 | $30M | $281M | Forestay |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did DataBank raise in its Growth round?
DataBank raised $185M in its Growth round, announced in Jan 2020.
Who led DataBank's Growth round?
Colony Investment Management led it.
What was DataBank'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 4.7 times the median.
Did DataBank raise again after this round?
Yes: a Growth round in Nov 2023 of $188M.