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Novva Data Centers Receives $355M Growth Equity Investment From Cim Group To Aid Expansion Efforts

Jun 01, 2022•over 3 years ago

Amount Raised

$355 Million

Description

Novva Data Centers, a state-of-the-art data center company providing purpose-built data center facilities, announced agreement on additional investment of up to $355 million in capital from real estate and infrastructure owner, operator, lender, and developer CIM Group, bringing the company's total equity commitment to Novva to $450 million in just over two years.

Company Information

Company

Novva Data Centers

About

Novva Data Centers creates purpose-built data centers for the future across the Western United States, providing wholesale and multi-tenant colocation infrastructure services for local, national, and international clients. Novva's human-centric, sustainable data center solutions are married with an extensive portfolio of high capacity, scalable data center amenities to provide turn-key, client-designed solutions for any size of business. Novva's flagship campus in West Jordan, Utah, features 180 MW of capacity and 1.5 million square feet of data center built over four phases. A state-of-the-art waterless cooling system, renewable energy, drone and robot dog facility monitoring and more, provide a one-of-a-kind, modern day data center experience.

Funding Insights

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