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- TierPoint
TierPoint Funding, Investors & Competitors
TierPoint has raised $832M across 3 funding rounds, most recently a $500M undisclosed-stage round in February 2022.
Last TierPoint funding round
$500M
Undisclosed stage · Feb 2022
Cumulative funding TierPoint raised
$832M
across 3 funding rounds
Key investors in TierPoint
Argo Infrastructure
Macquarie Asset Management
Ontario Teachers' Pension Plan
Thompson Street Capital Partners
RedBird Capital Partners
Stephens Group
Wafra
Cequel III
About TierPoint
TierPoint is a St. Louis-headquartered provider of IT infrastructure and managed services across more than 40 data centers in the U.S. The company delivers cloud-agnostic solutions including public, private, and multitenant clouds, colocation, storage-as-a-service, disaster recovery, backup, cybersecurity, and network connectivity. TierPoint manages IBM mainframes, Power Systems, help desks, operating systems, and databases with 24/7 support to bolster hybrid environments and digital resilience.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
TierPoint Funding History
TierPoint has raised a total of $832M across 3 funding rounds.
TierPoint's first fundraising round was a $12M Series A in September 2016. The most recent completed round was a $500M undisclosed-stage round in February 2022.
TierPoint funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Undisclosed stage | Argo Infrastructure (lead) | $500M | TierPoint is a leading provider of secure, connected data center and cloud solutions at the edge of the internet, offering private, multitenant, managed hyperscale, and hybrid cloud services, plus colocation, disaster recovery, security, and other managed IT services. It operates one of the largest and most geographically diversified U.S. footprints with over 40 world-class data centers in 20 markets and 8 multitenant cloud pods, connected by a coast-to-coast network. On February 28, 2022, TierPoint closed a $500 million long-term investment from an affiliate of Argo Infrastructure Partners LP, making Argo the largest single equity investor. Net proceeds were used to provide partial liquidity to other investors and to invest in TierPoint’s network for continued growth. Argo Infrastructure Partners, a long-term infrastructure investor, was attracted to TierPoint’s essential network services, proven management, and strong financial and operating results. TierPoint Chairman and CEO Jerry Kent highlighted the investment as validation of their customer care, IT infrastructure solutions, and growth potential amid high industry demand. Argo Managing Director Richard Klapow emphasized their experience in infrastructure investments to support TierPoint long-term. This followed an earlier $320 million preferred equity investment led by Argo in March 2020. Subsequent developments include Argo increasing its stake by acquiring majority minority shareholder interests in a later private transaction, deepening backing amid accelerating demand for data center services. Since 2020, Argo has facilitated around $3 billion in capital for TierPoint’s expansion, site acquisitions, power expansions, and financing via asset-backed securities, including $2.0 billion issued since 2023. Recent activities encompass a $250 million term loan in July 2025 and the Tek Park acquisition, adding 100 megawatts of capacity. |
| Mar 2020 | Undisclosed stage | Argo Infrastructure (lead); Macquarie Asset Management (lead); Wafra (lead); Cequel III; Ontario Teachers' Pension Plan; Thompson Street Capital Partners; RedBird Capital Partners; Stephens Group | $320M | TierPoint, a provider of secure, connected data center and cloud solutions at the edge of the internet, operates over 40 world-class data centers in 20 U.S. markets and 8 multi-tenant cloud pods, connected by a coast-to-coast network. It offers private, multitenant, managed hyperscale, and hybrid cloud services, plus colocation, disaster recovery, security, and other managed IT services to thousands of clients from small businesses to Fortune 500 enterprises, including The Bill & Melinda Gates Foundation and St. Luke’s University Health Network. TierPoint focuses on tier 2 and 3 markets like Tulsa, Little Rock, and Nashville, positioning it in the aggregation edge layer of data center infrastructure. On March 24, 2020, TierPoint announced a $320 million preferred equity investment led by new investors Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance, with participation from existing investors Cequel III, Ontario Teachers' Pension Plan, RedBird Capital Partners, The Stephens Group, and Thompson Street Capital Partners. The deal closed on April 14, 2020. Net proceeds repaid TierPoint’s second lien credit facility in full, reduced its revolving credit facility balance, and provided growth capital. Chairman and CEO Jerry Kent highlighted strong performance amid challenging market conditions due to the Coronavirus pandemic, noting 26% growth in sales bookings over the last two years and an outstanding first quarter of 2020. The investment strengthened the balance sheet with reduced leverage, improved liquidity, and positioned TierPoint for continued expansion in services, infrastructure, and people. In 2020, the year of the round, TierPoint generated $422.8 million in revenue. Financial advisors included Citi and DH Capital for TierPoint, with Goldman Sachs advising RedBird Capital. |
| Sep 2016 | Series A | - | $12M | - |
Who has invested in TierPoint?
8 investors have backed TierPoint across its funding rounds, including Argo Infrastructure, Macquarie Asset Management, Ontario Teachers' Pension Plan, Thompson Street Capital Partners, RedBird Capital Partners and Stephens Group.
Lead investors include Argo Infrastructure, Macquarie Asset Management and Wafra.
TierPoint Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2020 | ||
| 1 | Lead | Mar 2020 | ||
| 1 | Participant | Mar 2020 | ||
| 1 | Lead | Mar 2020 | ||
| 1 | Participant | Mar 2020 | ||
| 1 | Participant | Mar 2020 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by TierPoint
TierPoint has acquired 5 companies to date.
Last acquisition by TierPoint was on January 20th 2016. TierPoint acquired Cosentry for undisclosed valuation.
Latest Acquisitions by TierPoint
| Description | Cosentry is an Omaha-headquartered provider of data center colocation and managed IT services in the Midwest United States. Operating Tier III facilities in Nebraska, Iowa, and Kansas with over 100,000 square feet of space, it delivers redundant power, cooling, and connectivity via multiple carriers. Cosentry serves financial institutions, healthcare providers, and enterprises requiring 99.999% uptime, including cross-connects to Google Fiber and Zayo networks. | Hosted Solutions is a provider of managed hosting and data center services. The Manchester, New Hampshire-based firm operates facilities offering colocation, dedicated servers, and application hosting with 24/7 monitoring. Its hi-touch support includes managed firewalls, load balancing, and compliance services for sectors like healthcare and e-commerce across North America. | AlteredScale is a data center services provider delivering cloud infrastructure, colocation facilities, and managed hosting to support enterprise computing needs. The company equips businesses with scalable environments for data storage, application hosting, and network connectivity. | CxP Data Centers is a Mexico City-based provider of colocation services, security solutions, and cloud infrastructure for enterprise data and equipment. Specializing in high-security facilities, the company supports businesses with scalable data center capacity across multiple locations in Mexico, emphasizing redundancy, power efficiency, and 24/7 monitoring for mission-critical operations. | |
| HQ Country | |||||
| HQ City | Omaha, NE | Raleigh, NC | Chicago, IL | Jacksonville, FL | |
| Deal Date | 20 Jan 2016 | 18 Dec 2015 | 17 Dec 2015 | 27 Jul 2015 | |
| Valuation | undisclosed | $575M | undisclosed | $11M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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TierPoint Competitors
TierPoint competitors include listed companies like Alphabet, Microsoft, Oracle and Cisco, and private ones like Databricks and Fireworks AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $403B | $176B | $4.2T | 8.7x | ||
| Publicly listed | $332B | $205B | $3.7T | 10.7x | ||
| Publicly listed | $67B | $33B | $455B | 7.8x | ||
| Publicly listed | $63B | $19B | $435B | 6.9x | ||
| Private | $7B | - | $190B | 27.1x | ||
| Private | $1B | - | $18B | 17.5x |
TierPoint Public Comps
TierPoint is still privately-owned, but its public comps include Alphabet, Microsoft, Amazon, Oracle, Cisco, Dell, Alibaba Group, IBM, ServiceNow and Cloudflare.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $63B | $19B | 7.1x | 6.9x | 23.4x | 17.9x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
This data is available for Pro users. Sign up to see all TierPoint competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TierPoint
| When was TierPoint founded? | TierPoint was founded in 2010. |
| Where is TierPoint headquartered? | TierPoint is headquartered in St Louis, MO, United States. |
| Is TierPoint publicly listed? | No, TierPoint is a private, VC-backed company. |
| How much funding has TierPoint raised? | TierPoint has raised $832M across 3 funding rounds. |
| What was TierPoint's last funding round? | TierPoint's last funding round was a $500M undisclosed-stage round in February 2022, led by Argo Infrastructure. |
| Who are TierPoint's investors? | TierPoint's investors include Argo Infrastructure, Wafra, Cequel III, Macquarie Asset Management, Ontario Teachers' Pension Plan, Thompson Street Capital Partners, RedBird Capital Partners and Stephens Group. |
| Which companies are comparable to TierPoint? | Companies comparable to TierPoint include Alphabet, Microsoft, Oracle, Cisco, Databricks and Fireworks AI. |
| How many companies has TierPoint acquired? | TierPoint has acquired 5 companies, including Cosentry, Hosted Solutions, AlteredScale, CxP Data Centers and Xand. |
| What was the largest acquisition by TierPoint? | The $575M acquisition of Hosted Solutions in December 2015 is the largest acquisition TierPoint has made to date. |
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