Funding round
DataBank Growth
Reported as "Growth Equity"
DataBank, which works in data center solutions services in Dallas, raised $188M in a Growth round announced on 1 Nov 2023. 1 firm took part. It is DataBank's second venture round on record; the one before was a Growth in Jan 2020.
$188M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
DataBank did not disclose a valuation in this round. It came 46 months after DataBank's Growth. It is 10% of the $1.82B DataBank has raised in the venture rounds on record. DataBank raised again 31 months later: a Growth round of $1.45B in Jun 2026.
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 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 this round 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
1 firm took part; no lead investor was named.
Investors
- Australiansuper
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
7 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $50M, and this round was 3.8 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 | 15 Jan 2024 | $255M | not disclosed | Octopus Group |
| Hosting & Cloud Infrastructure Providers | 26 Jan 2024 | $50M | $1.00B | Matrix |
| Hosting & Cloud Infrastructure Providers | 23 Aug 2024 | $39M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 7 Aug 2024 | $26M | not disclosed | M12 |
| Hosting & Cloud Infrastructure Providers | 26 Jan 2023 | $122M | $810M | IMM Investment |
| TensorWave Hosting & Cloud Infrastructure Providers | 8 Oct 2024 | $43M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 8 Nov 2022 | $50M | not disclosed | Helios Investment Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did DataBank raise in its Growth round?
DataBank raised $188M in its Growth round, announced in Nov 2023.
Which investors took part in DataBank's Growth round?
Australiansuper.
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?
7 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $50M, and this round was 3.8 times the median.
Did DataBank raise again after this round?
Yes: a Growth round in Jun 2026 of $1.45B.