Canada-based data centre operator eStruxture Data Centers, which counts real estate developer Canderel as an investor, took its total debt and equity capital to $180m on Wednesday.
Investment firm Fengate Real Asset Investments came in as a co-lead investor, joining Canderel and pension fund manager Caisse de dépôt et placement du Québec, which had co-led an $80m investment in the company in June 2017.
The $180m figure also includes an expanded senior secured debt facility with financial services firms Scotiabank, National Bank of Canada and Investissement Québec.
Founded in 2017, eStruxture is looking to build a portfolio of data centres through which it serves network carriers, cloud service providers and enterprise customers in Canada. The capital will support the acquisition of new data centres and the expansion of its existing assets.
The company recently revealed plans to open a new site in the city of Montreal, a 156,000- square foot centre with 30 MW of critical IT load which will be built on the site of local newspaper The Gazette’s former printing facility.
Todd Coleman, eStruxture’s president, said: “With this additional financing, we can continue to execute our strategy of building Canada’s leading data centre company, both through organic and inorganic expansion opportunities.”