Vantage Data Centers has raised $1.25bn in incremental equity capital from existing investors in a funding round led by Digital Colony.

The money will be used for Vantage's expansion projects across North America and Europe. The cash injection follows a previous investment of $1.3bn by Digital Colony and its investors earlier this year.

Global expansion

In a busy year for Vantage, the company recently opened its flagship campus in Frankfurt, Germany, with the completion of the first phase of what will be a three-building campus delivering 55MW of critical IT capacity and closed its acquisition of Next Generation Data in Wales, UK. The company is also adding 68MW of capacity across Northern Virginia and Silicon Valley in the US.

“Hyperscale data center market demand remains strong, and this capital raise will allow Vantage to accelerate its global expansion of sustainable, large-scale campuses," said Sherif Metwalli, CFO of Vantage Data Centers.

"This capital raise demonstrates our investors’ continued commitment to Vantage’s strategic growth plan.”