Funding

Yondr funding news – Amsterdam-based Yondr has Raises $150 Million in Funding

May 31, 2024 | By Startup Rise EU

Yondr Group, a leading global developer, owner and operator of hyperscale data centers, raises $150 million in funding from the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, to fund the construction of the first phase of its hyperscale campus in Johor, Malaysia. 

Yondr Group, a leading global developer, owner and operator of hyperscale data centers, raises $150 million in funding from the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, to fund the construction of the first phase of its hyperscale campus in Johor, Malaysia. 

As global economies rapidly adopt artificial intelligence and emerging technologies, the demand for digital infrastructure in Asia continues to intensify. IFC’s investment signifies a substantial vote of confidence in Yondr’s capabilities to deliver this monumental project as well as in Malaysia’s fast growing digital economy.

Yondr’s Johor campus, located in Sedenak Tech Park, will become the largest hyperscale data center campus in Southeast Asia with 300MW+ IT load power capacity situated on 72.5 acres of land. 

Read also - Packwise funding news – IoT Startup Packwise Raises an Undisclosed Seven-Figure Amount of Funding

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The campus will facilitate regional businesses’ access to latest generation AI-cloud workloads, helping boost productivity growth while enhancing the availability of digital services for individuals. Geographically, Johor is perfectly located due to its proximity to Singapore, offering important interconnectivity routes and scalable digital infrastructure.

Chester Reid, Chief Financial Officer at Yondr, said: “We are very pleased to conclude this round of financing with IFC. Not only do our values and interests align but we are both organisations well versed in offering industry-leading expertise to develop digital infrastructure projects. This financing demonstrates the potential IFC sees not only in Yondr’s best in class capabilities but also in Malaysia’s digital economy, which is developing at pace. We look forward to expanding our growing relationship with IFC and partnering in Malaysia and other developing nations in the future”.

Paul Dillon, Chief Development Officer at Yondr, said: “From the onset, Yondr has made clear its intention to develop and grow our presence in Asia. We are delighted to share today’s news as we continue to positively contribute towards improving digital infrastructure in Malaysia as it seeks to become a digital-first economy”.

Katia Daude Gonçalves, Country Manager for Singapore, Malaysia, and Brunei at the International Finance Corporation, commented: “We are excited to partner with Yondr for this significant data center investment in Malaysia. This project will help increase and improve digital connectivity for individuals and businesses in a sustainable manner, while increasing the competitiveness of the burgeoning market for data-hosting services in the country.”

About Yondr Group

Yondr Group is a global developer, owner operator of hyperscale data centers. The company specialises in delivering and operating dedicated infrastructure that is engineered for scale. As an organisation, their mission ‘Global capacity responsible delivery’ ensures that we achieve our vision of a tomorrow without constraints.

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