APAC data center firm DayOne has secured new equity investment.

The company this week announced it has entered into definitive agreements for more than $2 billion in Series C equity financing.

The round was led by existing investor Coatue and supported by additional institutions, including the Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund.

DayOne said the financing will accelerate the next phase of its global expansion. In Europe, the proceeds will go towards the development of DayOne’s Finland campuses, centered around sites in Lahti and Kouvola, which form the foundation of DayOne’s broader European strategy.

The capital will be deployed to support the firm’s continued developments in Singapore, Johor, and Batam, as well as markets in Thailand, Japan, and Hong Kong.

Jamie Khoo, CEO of DayOne, said: “This investment reflects deep confidence in DayOne’s platform quality and long-term growth trajectory. As global demand for AI and cloud infrastructure accelerates, customers are increasingly looking for partners that can deliver at scale, with speed and sustainability across multiple regions.

“This new capital further strengthens our ability to expand our European and Asia-Pacific platforms, execute against our secured development pipeline, and deliver high-performance, AI-ready capacity that supports the long-term needs of the world’s technology leaders.”

DayOne is the former international business unit of Chinese data center firm GDS. It rebranded as an independent company last year.

The company’s portfolio currently comprises more than 500MW of data center capacity in service and under construction, and more than 500MW held for future development across sites in Hong Kong, Singapore, Malaysia (Johor), Indonesia (Batam), and Japan (Tokyo). The company recently broke ground on a site in Thailand and another in Singapore. In August, it made its first foray into markets beyond Asia, announcing a campus in Lahti, Finland.

Robert Yin, general partner & head of AI infrastructure at Coatue, said: “DayOne continues to rapidly expand its data center platform in APAC and Europe, exceeding our expectations and delivering on strong demand for AI and hyperscale infrastructure. We’re excited to support DayOne’s next phase of global development with this financing.”

News that DayOne was seeking investment for its Series C surfaced in October. Previous investors include the SoftBank Vision Fund, Citadel CEO Kenneth Griffin, and Baupost Group.

Ridha Wirakusumah, CEO of the Indonesia Investment Authority (INA), DayOne’s joint venture partner, added: “INA’s partnership with DayOne began with a shared conviction that digital infrastructure is a critical enabler of long-term economic competitiveness.”

“Following the establishment of our joint venture in Indonesia in 2023, this Series C investment represents a deepening of our partnership at the global platform level, reflecting confidence in DayOne’s execution capabilities and its ability to scale high-quality hyperscale infrastructure across markets, and underscoring INA’s role as a long-term, strategic investor supporting world-class platforms that deliver sustainable returns.”

DayOne CEO Jamie Khoo outlined the company’s future plans to DCD in an interview earlier this year. Read it here now.