Meridiam and Roha inject additional capital into Raxio Data Centres

Raxio Data Centres, a data centre company operating in Africa, has secured an additional $46 million in equity funding from existing shareholders Roha and Meridiam.

“We’re proud to support Raxio as it leads the way in creating a network of best-in-class data centres across the continent. This funding will help Raxio expand and consolidate its position as the provider with the widest geographic footprint of data centres in Africa at a time where demand for high-quality digital infrastructure in Africa continues to grow from both international and local businesses,” said Brooks Washington, partner at Roha.

“The digital revolution in Africa is gaining momentum, and Raxio is playing a pivotal role in fueling this transformation. Meridiam is thrilled to be a part of Raxio’s journey and contribute to its mission of enhancing connectivity and data centre services across the continent. With this additional equity injection, we look forward to witnessing Raxio’s continued growth and impact,” commented Mathieu Peller, partner and deputy CEO at Meridiam.

This additional $46 million in equity funding comes shortly after Raxio successfully secured a facility of up to $170 million of debt earlier this year, from Proparco and the Emerging Africa Infrastructure Fund (EAIF).