By Mark Kawalya
Raxio Data Centers, one of Africa’s top providers of carrier-neutral Tier III data centers, has secured $46 million in equity in a fundraising round. Existing shareholders Roha and Meridiam have made the sizable investment in Raxio, demonstrating their continued faith in the company’s ability to execute its plan.
“We are pleased to stand with Raxio as it pioneers the establishment of a network of top-notch data centers around the continent. At a time when demand for high-quality digital infrastructure in Africa from both international and local businesses is growing, this funding will help Raxio expand and solidify its position as the provider with the widest geographic footprint of data centers in Africa,” said Brooks Washington, Partner at Roha.
The digital revolution in Africa is gathering speed, and Raxio is one of the key players that is contributing to this shift. Meridiam is pleased to support Raxio’s mission of improving connectivity and data center services throughout the continent. Partner and Deputy CEO at Meridiam Mathieu Peller said, “We are excited to see Raxio’s continued growth and impact with this additional equity injection.”
Earlier this year, Raxio successfully acquired a funding facility of $170 million from Proparco and the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) subsidiary. Raxio is now the best-funded independent data center platform on the continent as a result of these investments combined, and it is able to solidify its financial strength and secure its growth prospects.
The new capital acquisition will be carefully allocated to support Raxio’s growth plans and enable the construction of superior hyperscale-ready data center infrastructure in prime African metropolises. With this investment, Raxio will be able to offer better services and meet the increasing need in Africa for dependable data processing, storage, and networking solutions.
“Raxio has achieved a significant milestone with this investment,” stated Raxio Data Centers CEO Robert Mullins. “We are thankful to Roha and Meridiam, our current shareholders, for their confidence and support. With this infusion of funds, Raxio will be able to meet our clients’ demands for resilient, mission-critical environments while also broadening its footprint throughout the continent.”