Singapore Startup Raises $618 Million to Expand Datacenters

  • AirTrunk raised A$850 million in debt underwritten by Deutsche
  •  The datacenter provider is looking to expand to Asian cities

Goldman Sachs-backed AirTrunk has raised A$850 million ($618 million) to fund the expansion of its two Australian datacenters and a move into Asia to take advantage of a growing cloud computing market.

Deutsche Bank AG underwrote a senior secured loan that will eventually be syndicated to a broader group of lenders, the Singapore-based startup said in a statement Monday. Its latest financing comes on top of a A$150 million six-year term loan from ING Groep NV and Natixis SA secured in February 2017, plus an unspecified amount of funding from Goldman Sachs Group Inc. and an arm of private equity giant TPG…

Singapore Startup Raises $618 Million to Expand Datacenters

Categories : Finance

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