Novva Data Centers Raises $355 Million in Funding

by Kay Aloha Villamor in June 3rd, 2022

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


Your cart
    Checkout