Verge Digital Infrastructure (Verge) continues to make solid progress on its planned open access EDGE data center and cable landing station projects across South-East Asia, after successfully completing its first capital raise. The company raised several million dollars in its development round, which it will use to finalize key project elements prior to commencing construction. An affiliate of New York-based DH Capital, LLC organized and led the investment.
“The team at DH Capital are seasoned digital infrastructure investors and advisors with a strong track record across the sector. They quickly identified with the South-East Asia asset opportunity presented by Verge” said Verge CEO, Mr. Chris Wilson. “We share a common understanding of what ‘the Edge’ is today, and together are well positioned to execute on the project delivery and capital requirements of the business” continued Mr Wilson.
In January, Verge’s affiliate in Thailand, LXT Networks, secured its Type 3 telecommunications license which allows it to provide submarine cable landings, terrestrial fiber and data center services. With its development round funding completed, Verge will now obtain the required permits before beginning construction of its facilities in Q3 2021.
“We are excited to be working with Verge, particularly given its plan to link carrier-neutral Data Centers with open-access, subsea fiber cable landing stations which will massively enhance digital infrastructure and connectivity in these fast-growing markets” commented DH Capital’s Managing Partner, Mr. Adam Lewis. “Our extensive network of tech-focused funding partners is excited to provide this early-stage capital and we are committed to support Verge as it grows into becoming a premier operator in the region” he added.