After Capital Raised, Verge To Proceed With Projects
Verge Completes Development Funding Round And Progresses South-East Asia Open Access EDGE Projects
Verge Press Release
April 14, 2021
Singapore – Verge Digital Infrastructure (Verge) continues to make solid progress on its planned open access EDGE data centre and cable landing station projects across South-East Asia, after successfully completing its first capital raise. The company raised approximately US$2,500,000 in its development round, which it will use to finalise key project elements prior to commencing construction. An affiliate of New York-based DH Capital, LLC, the leading boutique investment bank focused on digital infrastructure, 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 licence which allows it to provide submarine cable landings, terrestrial fibre and data centre
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 Centres with open-access, subsea fibre 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-focussed 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.
For Further information please contact
About Verge Digital Infrastructure Pte Ltd
Verge’s mission is to improve connectivity and to support content delivery across the underserved but high-growth markets of South East Asia. Led by an experienced team with strong backgrounds in data centres and subsea cables, Verge is deploying a network of carrier-neutral edge data centres, open-access cable landing stations, fibre and other supporting digital infrastructure in the region.
About DH Capital LLC
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, software and IT services, and communications sectors. Headquartered in New York
City, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of
advisory services, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. Since its formation in 2001, DH Capital has completed
more than 190 transactions totaling more than $32 billion in value.