Southeast Asia’s data centre sector has seen a dramatic surge in equity funding, with approximately $11.5b raised across 19 rounds since 2024, according to a report by Tracxn. This influx of capital, largely driven by the rising demand for AI infrastructure, has made 2026 the largest funding year on record, with $4.7b raised year-to-date.
The report highlights that the top five companies—DayOne, Princeton Digital Group, ST Telemedia GDC, Nxera, and Digital Edge—account for 98% of the total equity funding. All are headquartered in Singapore, which serves as the financial hub for the sector. DayOne leads with $6.4b, followed by Princeton Digital Group at $2.2b.
Singapore’s role as a financing domicile is significant, though the actual deployment of data centres spans the wider region. For instance, DayOne has committed over $7b to Malaysia and is developing a 72MW campus in Indonesia. Meanwhile, Princeton Digital Group operates across six markets, including Japan and India.
The sector has also witnessed notable acquisitions, such as the $5.2b transaction involving ST Telemedia GDC. Additionally, DayOne has filed for a US IPO, aiming for a valuation of approximately $20b.
The report underscores the institutional nature of the capital, with investments from sovereign wealth funds, pension capital, and infrastructure firms. This financial backing is crucial as data centres transition from construction to operational phases, offering predictable cash flows under long-term leases.
