Teraco Data Environments, a South Africa-based provider of vendor neutral colocation data centres, completed a R158m Series C equity and debt financing.
Investors include World Bank Group member IFC, and current shareholders Treacle Private Equity, Pentangle Group and Marlow Capital.
Development Bank of Southern Africa provided R80m of senior debt.
Teraco intends to use the funds to expand the Johannesburg colocation data centre (to three times its current size) and open two new colocation facilities in Durban and Cape Town.
Founded in 2007 and led by CEO Tim Parsonson, the company builds and operates colocation data centres for demanding IT infrastructure requirements. Its control centre, staffed by specialists versed in all aspects of IT and colocation facility management, monitors client equipment and data centre environmental parameters 24/7.