Novva Data Center, a Salt Lake City, CA-based data center company, received up to $355 Million in Growth Equity funding, bringing the total equity commitment to $450 million in just over two years, and was led by CIM Group.
The company intends to use the funds to expand across the United States to offer 1,000 MW of designed data center capacity by 2027 at several strategic, yet-to-be-named locations.
It also supports CIM Group and Novva’s ongoing partnership to create a product, as well as a “wholocation” experience for customers.
Company: Novva Data Center
Raised: $355.0M
Round: Private Equity
Funding Month: June 2022
Lead Investors: CIM Group
Additional Investors:
Company Website: https://www.novva.com/
Software Category: Wholesale and Multi-tenant colocation infrastructure service
About the Company: Founded in 2020 and led by CEO Wes Swenson, Novva Data Centers creates purpose-built data centers for the future across the Western United States, providing wholesale and multi-tenant colocation infrastructure services for local, national, and international clients. Its human-centric, sustainable data center solutions are combined with an extensive portfolio of scalable data center amenities to provide client-designed solutions for any size of business
Source: https://www.finsmes.com/2022/06/novva-data-centers-receives-up-to-355m-in-growth-equity-funding.html