HONG KONG/SINGAPORE, 18 October 2025 – Data centre leader DayOne targets to raise over US$1 billion in a Series C funding round, according to people familiar with the matter. The new funding is to facilitate expansion plans in Europe and Southeast Asia.
Sources say the data centre operator may be valued between US$4 billion and US$5 billion in the funding round.
Current shareholders as well as new sovereign wealth funds from the Middle East and global infrastructure investors were invited for the capital raise.
In the previous Series A and B funding rounds, DayOne raised approximately US$1.8 billion in investment. Existing investors are Boyu Capital, Hillhouse Investment, SoftBank Vision Fund, and Coatue Management.
DayOne was previously an international unit of Shanghai-headquartered GDS Holdings, and operated under the name GDS International. In January 2025, it separated from its parent company, underwent rebranding, and now runs independently.
DayOne develops and operates next-gen digital infrastructure for industry leaders. Its data centres are located in Johor, Singapore, Batam, Hong Kong, Greater Bangkok, Tokyo, Finland, and beyond.
The company’s assets include around 480 megawatts (MW) of data centre capacity, as well as 590 MW reserved for future projects.
Source: Reuters
