Meridiam and Roha increase backing for data centre platform Raxio
Raxio operates data centre facilities in six African markets and plans to expand into Tanzania.
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Raxio Group, an African data centre platform, surpassed $380 million in committed capital as shareholders Meridiam and Roha increased their support for the company’s next phase of growth.
The additional equity from Meridiam and Roha extends Raxio’s capital base from a previous $350 million, building on a $100 million financing package secured from the International Finance Corporation (IFC) last year, along with debt funding from Proparco and the Emerging Africa & Asia Infrastructure Fund.
Raxio has data centre facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, with planned expansion into Tanzania under development.
“Demand for high-quality data centre infrastructure continues to accelerate across Africa, driven by rapid digital adoption, cloud migration and the emergence of significant AI workloads,” said Robert Skjodt, chief executive officer of Raxio Group. “As we enter the next phase of growth, this additional capital strengthens our ability to capture these opportunities and continue delivering world-class, carrier-neutral infrastructure for our customers.”
“Our continued investment reflects our confidence in Raxio’s management team, strategy and long-term role in enabling Africa’s digital transformation,” said Mete Saracoglu, chief operating officer for Africa at Meridiam. “Raxio has established a leading platform with strong growth characteristics, and we see significant opportunity to scale the business further as market demand continues to evolve.”
“Raxio has built a unique platform that is positioned to take the lead in serving some of Africa’s fastest-growing digital markets,” said Brooks Washington, founder and CEO of Roha. “Since we launched Raxio, the company’s success has continued to create opportunities at the forefront of digital infrastructure in Africa, with even more room to grow than we initially planned. We are pleased to deepen our support for the business and look forward to helping accelerate its next stage of growth.”
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