The funds will be used to accelerate Scala’s expansion across Latin America to support the exponential growth of cloud and AI.
Scala Data Centers, a Latin American platform specialized in the construction of sustainable data centers in the Hyperscale market, has just announced the completion of a US$ 500 million structured financing. The investment includes US$ 250 million from Coatue Tactical Solutions and US$ 250 million from the Investment Management Corporation of Ontario ("IMCO").
The funds will be used to accelerate Scala’s expansion across Latin America to support the exponential growth of cloud and AI. Additionally, Scala will continue to invest in technological innovation and maintain its commitment to sustainability.
“We are thrilled to welcome Coatue and IMCO and honored by their choice of Scala,” said Marcos Peigo, CEO and co-founder of Scala Data Centers. “Their support is a powerful endorsement of our vision and the tireless dedication of our team. This investment and their partnership will enable Scala to further accelerate our development of next-generation infrastructure to support the continued adoption of cloud and AI technologies in the region.”
COATUE INVESTMENT THESIS: CAPTURING THE AI OPPORTUNITY
Coatue Management, a technology-focused investment firm, brings extensive experience across the AI, digital infrastructure and big tech ecosystems. Its investment in Scala Data Centers highlights the infrastructure’s potential to drive AI-driven innovation in the region and around the world.
Scala’s state-of-the-art data centers are strategically positioned to support the growing demand for digital and AI services in Brazil, Latin America, and beyond.
"Scala Data Centers has emerged as a regional leader in hyperscale data centers and is at the forefront of the digital revolution in Latin America," said Malachi Price, Partner at Coatue.
"Our investment reflects our belief in Scala's ability to capture the AI opportunity and further drive digitalization in the region. We are excited to support Scala's mission of providing sustainable, cutting-edge data center solutions," said Robert Yin, Partner at Coatue.
IMCO'S STRATEGIC INVESTMENT: A TESTIMONY OF SUSTAINABLE GROWTH
IMCO, one of Canada’s largest institutional investors, has a long-term vision and a proven track record of investing in companies that demonstrate a commitment to sustainability and strong financial performance. This significant investment underscores IMCO’s confidence in Scala Data Centers’ opportunity to drive digital transformation in Latin America and expands IMCO’s digital infrastructure strategy in a high-growth region.
“As a long-term investor, IMCO seeks sustainability and growth as key investment attributes for our digital infrastructure portfolio. Scala has this rare combination and represents the type of world-class asset that IMCO invests in,” said Fred Robert, Managing Director of Digital Infrastructure at IMCO.
"By leveraging Brazil's abundant hydroelectric power, Scala positions itself as an industry leader in sustainability within the data center sector. We expect this differentiator to drive its continued success with hyperscalers in the region."
