Raxio Raises $46 Million in Equity Funding to Expand Data Center Network in Africa

Raxio Data Uganda
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Raxio Data Centres, a prominent provider of carrier-neutral, Tier III data centers in Africa, has successfully obtained an additional $46 million in equity funding. This investment, sourced from existing shareholders Roha and Meridiam, underscores the trust in Raxio’s vision and execution capabilities.

According to Brooks Washington, Partner at Roha, this funding will assist Raxio in expanding and solidifying its position as a leading provider of data centers across the African continent. The demand for high-quality digital infrastructure in Africa is surging, driven by both local and international businesses.

Mathieu Peller, Partner and Deputy CEO at Meridiam, emphasized Raxio’s essential role in advancing the digital revolution in Africa. The investment aims to enhance connectivity and data center services throughout the continent and contribute to Raxio’s continued growth and impact.

This $46 million in equity funding follows Raxio’s recent achievement of securing a debt facility of up to $170 million earlier this year, with support from Proparco and the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company. Collectively, these investments have solidified Raxio’s financial stability, making it the best-funded independent data center platform on the African continent.

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The newly acquired funds will be strategically employed to bolster Raxio’s expansion initiatives and facilitate the development of high-quality, hyperscale-ready data center facilities in major African metropolitan areas. This investment will enable Raxio to meet the growing demand for reliable data storage, processing, and connectivity solutions in Africa.

Raxio Data Centres’ CEO, Robert Mullins, views this investment as a milestone achievement. The additional capital injection empowers Raxio to further its expansion across the continent, delivering resilient, mission-critical environments for customers. As the best-funded data center platform in Africa, Raxio is committed to advancing the continent’s digital infrastructure, connectivity capabilities, and sustainability standards.

Concurrently, the board of directors of Raxio has initiated the search for a successor to Robert Mullins, who plans to hand over leadership responsibilities in the second half of 2024. Marvin Bell, a board member of Raxio and East Africa Director at Meridiam, expressed gratitude for Robert Mullins’ vision and accomplishments in building the company.

Raxio Data Centres has rapidly emerged as a key player in the African data center landscape, with a presence in seven critical markets, making it the data center platform with the widest footprint across the continent. Raxio’s operations encompass Uganda, Ethiopia, Mozambique, Ivory Coast, the Democratic Republic of Congo, Angola, and Tanzania.

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