Tuesday
August 16
2022

IFC Invests Another $35 Million Into Brazil’s Odata

By Dan Swinhoe 

International Finance Corporation (IFC) has invested a further $35 million into Brazilian data center firm OData.

“To support OData’s accelerated growth we have a great partner, IFC, that approved another tranche of investment in the amount of $35 million focused on our operation in Mexico,” the data center company said on LinkedIn this week.

The contribution will be used to finance the construction and operation of a second data center in Querétaro, Mexico. Sumitomo Mitsui Banking Corporation is reportedly also part of the financing.

Photo courtesy of Victor Camilo.

Source: Data Center Dynamics (link opens in a new window)

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Technology
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accelerators, data, finance, impact investing, scale, technology