Digital Edge ( Singapore ) Holdings, a developer and operator of data centres across Asia, has raised over US$1.6 billion in new capital to fuel its next phase of growth.

The capital raised includes about US$640 million of equity investment from both existing and new investors as well as US$1 billion of total debt financing across multiple campus expansions. The equity raise was significantly oversubscribed, with some of the world's largest institutional investors and sovereign wealth funds as new co-investors.

Digital Edge will use the proceeds to accelerate its expansion to meet the growing demand among its customers for cloud and artificial intelligence solutions.

Established in early 2020, Digital Edge is a portfolio company of Stonepeak, an alternative investment firm specializing in infrastructure and real assets. It now owns and operates 21 data centres with over 500  megawatts of critical IT load in service and under construction and development, with another 300MW held for future development across strategic locations in Japan, Korea, India, Malaysia, Indonesia, and the Philippines.

Last October, Digital Edge opened its third data centre in Korea, known as SEL2. The 36MW SEL2 facility is the first building in its 100MW Incheon campus in Seoul. This followed the expansion of Digital Edge's Jakarta footprint with the opening of its 23MW EDGE2 facility earlier in the year.

Looking forward, Digital Edge is set to open the first facility in its 300MW campus in Navi Mumbai in Q2 of 2025, as well as a hyperscale edge facility in downtown Tokyo known as TY07, its ninth data center facility in Japan.

"The level of interest received from existing and new investors is testament to Digital Edge's proven track record, expansion capacity, and relentless focus on delivering for our customers across the Asia-Pacific region," says Andrew Thomas, chairman of Digital Edge and a senior managing director at Stonepeak.