Nxera Valuation, Funding & Investors

Nxera is valued at $4B as of September 2023.

See full Nxera profile

Last Nxera valuation

$4B

Strategic investment · Sep 2023

Last Nxera funding round

Strategic investment

Amount undisclosed · Sep 2023

Key investors in Nxera

Nxera Overview

About Nxera

Nxera is a regional data-centre business backed by Singtel and KKR. It operates data-centre capacity in Singapore and develops additional facilities with local partners in Southeast Asian markets. The business serves hyperscale cloud providers, enterprises and users of high-performance computing infrastructure. Its services combine secure facilities, power and cooling with access to telecommunications networks and connectivity services. Singtel launched the Nxera brand in January 2024 after establishing a partnership with KKR for the regional data-centre business. The platform has developed projects in Singapore, Thailand, Indonesia and Malaysia. Its Malaysian expansion involved a corporate joint venture with Telekom Malaysia to develop and operate an initial campus in Johor.


HQ

SingaporeSingapore

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$4B (Sep 2023)

Nxera Valuation

Nxera is currently valued at $4B, based on its strategic investment round in September 2023. Read the announcement ↗

The round included KKR.

Nxera valuation by funding round

Nxera valuation by funding round
DateStageValuation
Sep 2023Strategic investment$4B

Nxera Funding History

Nxera has raised 1 funding round.

Nxera funding rounds
DateStageInvestorsValuationDeal Summary
Sep 2023Strategic investmentKKR$4BSingtel and KKR announced a definitive investment agreement on September 18, 2023 for Singtel’s regional data centre business, subsequently branded Nxera. A KKR-managed fund committed up to SGD1.1 billion for a 20% interest, with an option to increase the stake to 25% by 2027 at a pre-agreed valuation. The announcement explicitly valued the overall business at SGD5.5 billion on an enterprise value basis. Funding would support regional expansion, including Singapore, Indonesia and Thailand, and potential entry into additional markets. KKR participated through its Asia infrastructure strategy. The agreement remained subject to regulatory approvals and customary conditions, with completion expected in the fourth quarter of 2023. Singtel later confirmed satisfaction of the conditions on December 18 and specified that funding would follow capital calls. The commitment is therefore described separately from cash actually subscribed.

Who has invested in Nxera?

1 investor has backed Nxera across its funding rounds, including KKR.


Nxera Investors

Investors in Nxera by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments by Nxera

Nxera has invested in 1 company to date.

Latest investment by Nxera was on June 18th 2024. Nxera invested in ST Dynamo DC in their Undisclosed stage round.


Latest Investments by Nxera

ST Dynamo DC
Description
ST Dynamo DC Sdn Bhd is a Malaysian data-centre development and operating company established for a joint venture between Nxera and Telekom Malaysia. The business is responsible for a data-centre campus in Johor intended to serve hyperscale cloud companies, artificial-intelligence infrastructure users and other enterprises. Its first development in Iskandar Puteri was planned with 64 megawatts of capacity and the potential for phased expansion. The project combines data-centre facilities with the telecommunications and international connectivity resources of its shareholders. Telekom Malaysia holds 51% through a subsidiary, while Nxera holds 49%. The company’s operating activity is the development and provision of data-centre infrastructure rather than the sale of residential telecommunications services.
HQ CountryMalaysia
HQ City
Iskandar Puteri
Deal Date18 Jun 2024
RoundUndisclosed stage
Raisedundisclosed
InvestorsTelekom Malaysia
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Nxera Competitors

Nxera competitors include listed companies like Rigetti, Core Scientific, D-Wave Quantum and GDS Holdings, and private ones like Yotta Infrastructure and Vultr.

Public and private companies comparable to Nxera
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RigettiUnited StatesUnited StatesPublicly listed$7M($225M)$3.8B170.6x
Core ScientificUnited StatesUnited StatesPublicly listed$319M($211M)$4.2B11.0x
Yotta InfrastructureIndiaMumbaiPrivate--$4.4B-
D-Wave QuantumUnited StatesUnited StatesPublicly listed$25M($373M)$4.4B100.2x
GDS HoldingsChinaChinaPublicly listed$1.7B$887M$4.5B5.3x
VultrUnited StatesWest Palm Beach, FLPrivate$150M-$3.5B23.3x

Nxera Public Comps

Nxera is still privately-owned, but its public comps include Rigetti, Core Scientific, D-Wave Quantum, GDS Holdings, Lumen, Nextdc, Insight Enterprises, Wangsu, Galaxy Digital and Fujian Star-Net.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rigetti$7M($225M)486.1x170.6x(15.3x)(47.6x)
Core Scientific$319M($211M)21.2x11.0x(32.1x)37.1x
D-Wave Quantum$25M($373M)159.3x100.2x(10.5x)(34.0x)
GDS Holdings$1.7B$887M5.7x5.3x11.1x11.3x
Lumen$12B$1.2B1.3x1.4x13.1x5.4x
Nextdc$348M$137M13.8x12.7x35.2x26.5x
Insight Enterprises$8.2B$417M0.8x0.7x15.4x10.4x
Wangsu$699M$138M5.8x5.3x29.3x26.4x

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Common questions about Nxera

Where is Nxera headquartered?Nxera is headquartered in Singapore, Singapore.
Is Nxera publicly listed?No, Nxera is a private, VC-backed company.
What is Nxera's valuation?Nxera was last valued at $4B in its strategic investment round in September 2023.
What was Nxera's last funding round?Nxera's last funding round was a strategic investment round in September 2023.
Who are Nxera's investors?Nxera's investors include KKR.
Which companies are comparable to Nxera?Companies comparable to Nxera include Rigetti, Core Scientific, Yotta Infrastructure, D-Wave Quantum, GDS Holdings and Vultr.
How many companies has Nxera invested in?Nxera has invested in 1 company, including ST Dynamo DC.
What was Nxera's last investment?In June 2024, Nxera invested in ST Dynamo DC's undisclosed-stage round alongside Telekom Malaysia.

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