DayOne Data Centers has raised more than $2 billion to advance its Europe-Asia expansion, strengthening its position as global demand for hyperscale capacity accelerates. The funding round was led by Coatue, with participation from institutional investors including the Indonesia Investment Authority.
The raise comes at a critical moment for the data center sector, as demand continues to climb across both mature and emerging markets. Growth in artificial intelligence workloads and cloud services has increased pressure on operators to scale quickly while maintaining capital discipline.
Capital Raise Builds on Strong Funding History
The latest round adds to a substantial fundraising track record. In 2024, DayOne secured roughly $1.9 billion through its Series A and Series B rounds. In addition, the company obtained access to a mezzanine financing facility of up to €1 billion in 2025.
Notably, the Series C valuation was set at a 100% premium compared with the prior round. This pricing reflects growing investor confidence in DayOne’s ability to execute its long-term expansion strategy across Europe and Asia.
As a result, the company now holds increased financial flexibility. That position is expected to support faster project execution amid rising construction costs and tighter infrastructure availability.
Europe Anchors the DayOne Data Centers Europe-Asia Expansion
A sizable share of the new capital will support the DayOne Data Centers Europe-Asia expansion across Northern Europe. In particular, funding is expected to accelerate development at hyperscale campuses in Lahti and Kouvola, Finland.
These sites form the foundation of DayOne’s broader European strategy. Finland continues to attract hyperscale investment due to its reliable power access, cooler climate, and growing importance in regional data flows.
At the same time, demand from enterprise and cloud customers increasingly favors locations capable of supporting high-density, AI-ready infrastructure. DayOne’s European campuses are being positioned to meet those requirements.
Asia-Pacific Remains Central to Growth Plans
Alongside Europe, Asia-Pacific remains a core focus. The company plans to continue scaling capacity across the SIJORI corridor, which includes Singapore, Johor in Malaysia, and Batam in Indonesia.
Further investment is also planned in Thailand, Japan, and Hong Kong. These markets continue to see strong demand driven by digital transformation initiatives and the rapid adoption of AI-enabled services.
By maintaining parallel expansion tracks, DayOne aims to balance geographic exposure while serving customers with regional and global deployment needs.
Hyperscale Demand Drives Investor Interest
The funding round reflects broader market dynamics. Global demand for data center capacity continues to surge, fueled by cloud computing growth and increasingly power-intensive AI workloads.
Hyperscale facilities designed for high-density deployments have become especially attractive. Consequently, investors are prioritizing platforms with secured customer pipelines and the ability to deliver capacity at scale.
DayOne has indicated that it holds approximately 1 gigawatt of secured customer commitments. That backlog provides visibility as the company advances its build-out strategy.
Managing Costs in a Tight Supply Environment
Despite strong demand, the sector faces structural challenges. Rising build costs, supply-chain constraints, and limited power availability have complicated project timelines across many regions.
However, DayOne’s expanded capital base is expected to ease some of these pressures. With greater financial resources, the company can move forward with development while navigating a constrained market environment.
Overall, the latest raise strengthens DayOne’s position as it pursues a coordinated Europe-Asia growth strategy. As AI and cloud demand continue to rise, the company appears well positioned to compete in an increasingly capital-intensive hyperscale market.
