Funding round
DataBank Growth
Reported as "Growth Equity"
DataBank, which works in data center solutions services in Dallas, raised $1.45B in a Growth round announced on 15 Jun 2026. 9 firms took part. It is DataBank's third venture round on record; the one before was a Growth in Nov 2023.
$1.45B
Amount raised
of which $800M debt
Not disclosed
Post-money valuation
9
Investors
no lead named
Valuation
What this round says about the price
DataBank did not disclose a valuation in this round. It came 31 months after DataBank's Growth. It is 80% of the $1.82B DataBank has raised in the venture rounds on record. No later venture round is on record for DataBank.
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 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 this round 15 Jun 2026 $1.45B
Investors
Who put money in
9 firms took part; no lead investor was named.
Investors
- Citizens Bank, N.A. new investor
- Citibank new investor
- MUFG Bank new investor
- PNC Bank new investor
- TD Securities new investor
- Truist Securities new investor
- U.S. Bank new investor
- Wells Fargo Securities new investor
- National Bank of Canada new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
9 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $100M, and this round was 15 times the median. The closest in time, other companies' Growth rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Giant Panda Hosting & Cloud Infrastructure Providers | 11 Feb 2026 | $550M | not disclosed | TD and Mizuho |
| Wasabi Hosting & Cloud Infrastructure Providers | 13 Jan 2026 | $70M | $1.80B | L2 Point |
| Hosting & Cloud Infrastructure Providers | 9 Dec 2025 | $100M | not disclosed | not named |
| Wasabi Hosting & Cloud Infrastructure Providers | 1 Oct 2025 | $33M | not disclosed | not named |
| Giant Panda Hosting & Cloud Infrastructure Providers | 11 Sep 2025 | $1.20B | not disclosed | SMBC and MUFG |
| Flexential Hosting & Cloud Infrastructure Providers | 20 Aug 2025 | $1.00B | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 15 Aug 2025 | $300M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 2 Jul 2025 | $34M | $470M | NGP Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did DataBank raise in its Growth round?
DataBank raised $1.45B in its Growth round, announced in Jun 2026.
Which investors took part in DataBank's Growth round?
Citizens Bank, N.A., Citibank, MUFG Bank, PNC Bank, TD Securities and Truist Securities and 3 more.
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?
9 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $100M, and this round was 15 times the median.