DC BLOX Raises $187M In Financing
Summary
DC BLOX, an Atlanta, GA-based provider of interconnected multi-tenant data centers powering todays digital business, secured $187m in long-term financing.The round was led by Post Road Group and Bain Capital Credit.The company intends to use the funds to refinance its existing credit facilities, add liquidity to balance sheet, and invest in existing and new data center capacity.DC BLOX builds new, Tier III-designed data centers fully connected by a high-speed, low-latency private network throughout the Southeastern United States. The company has Tier III-designed data centers located in Atlanta, GA, Birmingham, AL, Chattanooga, TN, Huntsville, AL, and opening soon in Greenville, SC. Each data center is interconnected through a private and redundant carrier-grade mesh-network ecosystem providing customers access to cloud on-ramps, Internet access, and an array of network options delivering both core and edge connectivity solutions.Including this most recent round of financing, DC BLOX has secured more than $285 million since 2016 to accelerate and execute its growth strategy of bringing modern data centers, infrastructure, and connectivity to Edge markets.