The modular data center construction industry in the US focuses on building portable, efficient data centers tailored to the growing demands of cloud computing and digital services. This sector includes specialized firms that design, construct, and deliver modular units that can quickly scale to accommodate increasing data loads. Companies are also innovating with energy-efficient technologies, emphasizing sustainability to combat rising operational costs. With the future leaning towards increased remote work and digital transactions, modular data centers are gaining traction, offering flexible solutions to businesses while capitalizing on advancements in tech and construction methods.

This article showcases 14 notable investors in the modular data center construction sector, including private equity firms and corporate players. These investors are primarily based in strategic locations like New York and California, with firm sizes ranging from small teams to large organizations. Founded between 1956 and 2018, they recorded varying deal counts in 2024, illustrating their active participation. With their hands on critical investments, these investors play a significant role in shaping the industry's future, as they support innovative technologies and sustainable construction practices.

Top 14 Modular Data Center Construction Investors in the US

1. Intel Capital

• Website: intelcapital.com
• Type: Venture Capital
• Headquarters: Santa Clara, California, United States (USA)
• Founded year: 1991
• Headcount: 11-50
• Number of deals in 2024: 23
• LinkedIn: intelcapital

Intel Capital is a venture capital firm based in Santa Clara, California, founded in 1991. It specializes in investing in early-stage technology companies, with a focus on areas such as AI, cloud computing, and semiconductor technologies. The firm provides funding, strategic support, and access to Intel's extensive resources to help startups scale and innovate within the tech ecosystem. Notably, Intel Capital has invested in NxtGen Data Center & Cloud Services, a company that focuses on IT infrastructure services and is actively involved in the construction of data centers. In 2015, Intel Capital participated in a Series B funding round for NxtGen, which raised $13.5 million to expand operations and complete a data center facility in Bangalore, India. This investment highlights Intel Capital's engagement in the modular data center construction sector, alongside its broader technology investment strategy.

2. Goldman Sachs

• Website: goldmansachs.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1998
• Headcount: 10001+
• Number of deals in 2024: 59
• LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm based in New York, New York, founded in 1998. The firm provides a wide range of services, including investment banking, asset management, and wealth management, catering to a diverse clientele of corporations, financial institutions, and individuals. In the context of modular data center construction, Goldman Sachs has been involved in notable transactions such as their participation in funding rounds for AirTrunk, a data center company that raised significant capital for expansion in Australia and the Asia-Pacific markets. Their investment in AirTrunk, which included a $332 million debt financing round in 2019 and additional capital contributions in 2018, highlights their commitment to supporting growth in the data center sector, making them a key player in this industry.

3. Cisco

• Website: cisco.com
• Type: Corporate
• Headquarters: San Jose, California, United States (USA)
• Founded year: 1984
• Headcount: 10001+
• Number of deals in 2024: 5
• LinkedIn: cisco

Cisco Systems, Inc. is a technology company founded in 1984, based in San Jose, California. It specializes in digital communications and cybersecurity solutions, offering a range of products including networking hardware, software, and security services. Cisco has been involved in several significant transactions that align with the modular data center construction context. Notably, Cisco invested in Equinix, a leading global data center provider, through multiple funding rounds in the late 1990s and early 2000s, which highlights its interest in data center infrastructure. Additionally, Cisco's acquisitions of Cloupia in 2012 for $125 million and Synata in 2016 further demonstrate its commitment to enhancing data management and operational capabilities, which are crucial for the efficiency of modular data centers. These transactions reflect Cisco's strategic positioning within the data center ecosystem, making it a relevant player in the modular data center construction industry.

4. Kkr

• Website: kkr.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1976
• Headcount: 1001-5000
• Number of deals in 2024: 74
• LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR has established itself as a leader in asset management, providing solutions to institutional investors and individual clients. The firm has been actively involved in the data center sector, highlighted by its acquisition of CyrusOne for $15 billion in November 2021, which significantly expanded its footprint in the data center market. In June 2024, KKR participated in a funding round for ST Telemedia Global Data Centres, raising $1.3 billion, showcasing its ongoing commitment to the data center industry. Additionally, KKR Global Impact II's acquisition of a data center cooling company in May 2023, along with the acquisition of CoolIT Systems, a provider of advanced liquid cooling solutions, further emphasizes KKR's strategic focus on enhancing data center operations. These transactions reflect KKR's dedication to supporting growth and innovation within the modular data center construction context.

5. Blackstone

• Website: blackstone.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1985
• Headcount: 1001-5000
• Number of deals in 2024: 57
• LinkedIn: blackstonegroup

Blackstone Inc. is a leading investment management firm based in New York, specializing in alternative investments across various sectors, including private equity, real estate, and credit solutions. Founded in 1985, Blackstone has built a robust portfolio and is known for its strategic investments that deliver lasting value. Notably, Blackstone has made significant moves in the modular data center construction space, acquiring QTS Realty Trust for $10 billion in June 2021, which enhances their footprint in the data center market. In September 2024, they further expanded their portfolio by acquiring AirTrunk for approximately $16.1 billion, a company known for its large-scale data center operations in the Asia-Pacific region. Additionally, their investment in Aligned, which raised $600 million in debt financing in March 2024, highlights their commitment to supporting companies that provide innovative data center solutions. These transactions underscore Blackstone's strategic focus on the growing demand for data center infrastructure, making them a relevant investor in the modular data center construction industry.

6. IFC - International Finance Corporation

• Website: ifc.org
• Type: Venture Capital
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Founded year: 1956
• Headcount: 1001-5000
• Number of deals in 2024: 107
• LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC aims to foster economic growth and address poverty challenges while promoting sustainable development. In recent years, IFC has been involved in significant transactions within the modular data center construction context, including a $35 million investment in Odata Brasil to support its expansion in Mexico, where it operates a data center. Additionally, IFC has provided debt financing to Yondr Group, raising $900 million and $150 million in 2024, further indicating its commitment to the data center sector. These transactions highlight IFC's role in facilitating the growth of modular data centers, making it a key player in this industry.

7. Morgan Stanley

• Website: morganstanley.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 1986
• Headcount: 10001+
• Number of deals in 2024: 79
• LinkedIn: morgan-stanley

Morgan Stanley is a prominent investment bank and financial services firm founded in 1986, headquartered in New York, New York. With a workforce exceeding 10,000 employees, the firm provides a wide array of services including wealth management, investment banking, and capital markets. Morgan Stanley has a global presence and leverages its expertise to offer tailored financial solutions to individuals, families, corporations, and governments. In the context of modular data center construction, Morgan Stanley has been involved in several relevant transactions, including a significant debt financing round for Echelon Data Centres, which raised $969,561,166 in February 2024. Additionally, their earlier investment in Interxion, which raised $97,536,615 in a venture round in 2000, highlights their long-standing interest in the data center sector. These transactions demonstrate Morgan Stanley's active role in supporting the growth of companies within the modular data center construction industry.

8. Bessemer Venture Partners

• Website: bvp.com
• Type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 1911
• Headcount: 11-50
• Number of deals in 2024: 78
• LinkedIn: bessemer-venture-partners

Bessemer Venture Partners is a venture capital firm founded in 1911, based in San Francisco, California. The firm specializes in providing funding and investment management services to startups and growth-stage companies across various sectors, including technology and healthcare. Notably, Bessemer has shown interest in the modular construction space, exemplified by their participation in the Series A funding round for Assembly OSM, a modular construction startup that raised $38 million in July 2022. This investment highlights Bessemer's commitment to innovative construction solutions, which are integral to the modular data center industry. Their diverse investment strategy and recent engagement in modular construction make them a significant player in the evolving landscape of modular data centers.

9. Khosla Ventures

• Website: khoslaventures.com
• Type: Venture Capital
• Headquarters: Menlo Park, California, United States (USA)
• Founded year: 2004
• Headcount: 51-200
• Number of deals in 2024: 97
• LinkedIn: khosla-ventures

Khosla Ventures is a venture capital firm based in Menlo Park, California, founded in 2004. The firm specializes in providing funding and strategic guidance to startups, particularly in the technology, healthcare, and sustainability sectors. Khosla Ventures has been involved in several notable transactions that highlight their focus on technology and data management. For instance, they invested in Contrail Systems, which focuses on networking solutions, and Arista Networks, known for its cloud networking products. Additionally, their investment in ParStream, a data analytics startup, showcases their interest in technologies that enhance data processing and analysis, which are critical components in the modular data center construction industry. Through these investments, Khosla Ventures supports innovations that could drive advancements in modular data center technologies.

10. Apollo Global Management, Inc.

• Website: apollo.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1990
• Headcount: 1001-5000
• Number of deals in 2024: 46
• LinkedIn: apollo-global-management-inc

Apollo Global Management, Inc. is a prominent asset management firm based in New York, specializing in alternative assets and retirement solutions. Founded in 1990, the firm manages a diverse portfolio across credit, private equity, and real assets, catering to institutional investors, corporations, and individual clients. In recent years, Apollo has made significant investments in the technology and infrastructure sectors, including a notable acquisition of Rackspace for $4.3 billion, which is known for its cloud services and hosting solutions. This acquisition allows Rackspace to focus on managed hosting and cloud deployments, aligning with the growing demand for modular data center solutions. Additionally, Apollo's investment in Tillman Infrastructure, which raised $1 billion in debt financing, further emphasizes their commitment to infrastructure development, potentially including modular data centers. These transactions highlight Apollo's strategic positioning within the technology and infrastructure landscape, making them a relevant player in the modular data center construction industry.

11. General Catalyst

• Website: generalcatalyst.com
• Type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 2000
• Headcount: 51-200
• Number of deals in 2024: 144
• LinkedIn: general-catalyst-partners

General Catalyst is a venture capital firm founded in 2000, based in San Francisco, California. The firm specializes in early-stage and growth investments across various industries, including technology and healthcare. Notably, General Catalyst has participated in funding rounds for Verne Global, which focuses on advanced data center solutions for high-performance computing. In a Series D funding round in 2015, General Catalyst contributed to a $98 million investment aimed at expanding Verne Global's wholesale and colocation service offerings and developing high-density, flexible resiliency data center space. Additionally, they participated in a $27 million funding round in 2020 to support the expansion of Verne Global's Icelandic data center campus. These transactions highlight General Catalyst's engagement in the modular data center construction sector, making them a relevant investor in this space.

12. Oracle

• Website: oracle.com
• Type: Corporate
• Headquarters: Austin, Texas, United States (USA)
• Founded year: 2018
• Headcount: 10001+
• LinkedIn: oracle

Oracle Corporation, founded in 2018 and based in Austin, Texas, is a leading technology company specializing in software and cloud computing solutions. With a workforce of over 10,000 employees, Oracle offers a diverse range of products, including database software, enterprise applications, and cloud infrastructure services. Their customer base spans various industries, utilizing Oracle's solutions to enhance operational efficiency and drive innovation. Notably, Oracle has been involved in significant funding rounds for Ampere Computing, a company that raised substantial amounts in 2021 and 2022, including $300 million in a convertible note and $127.8 million in the secondary market. These transactions indicate Oracle's interest in companies that are integral to the cloud infrastructure space, which is closely related to modular data center construction.

13. Greylock

• Website: greylock.com
• Type: Venture Capital
• Headquarters: Menlo Park, California, United States (USA)
• Founded year: 1965
• Headcount: 51-200
• Number of deals in 2024: 22
• LinkedIn: greylock-partners

Greylock Partners is a venture capital firm founded in 1965, based in Menlo Park, California. The firm specializes in investing in early-stage technology companies across various sectors, including AI, cybersecurity, and consumer technology. Greylock provides capital and strategic support to founders, helping them navigate the challenges of building successful businesses. Notably, Greylock has been involved in significant transactions within the data center sector, particularly with Innovium, which specializes in networking solutions for data centers. They participated in multiple funding rounds for Innovium, including Series D, E-K, and earlier rounds, totaling over $170 million in funding. This involvement highlights Greylock's commitment to supporting technologies that enhance data center operations, making them a relevant player in the modular data center construction industry.

14. The Carlyle Group

• Website: carlyle.com
• Type: Private Equity
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Founded year: 1987
• Headcount: 1001-5000
• Number of deals in 2024: 25
• LinkedIn: the-carlyle-group

The Carlyle Group Inc. is a prominent investment management firm founded in 1987, specializing in private equity, real assets, and private credit. With a global presence and a focus on driving long-term value for its clients, Carlyle serves a diverse range of institutional investors, including pension funds and sovereign wealth funds. In recent years, Carlyle has made significant investments in the data center sector, including a 25% stake acquisition in Nxtra Data Limited, which is valued at $1.2 billion and focuses on data center operations. Additionally, their acquisition of INVOLTA, a company that provides data center services, highlights their strategic interest in this industry. Carlyle has also participated in funding rounds for technology companies like Ampere Computing, which, while not exclusively a data center company, operates in the tech infrastructure space. These transactions reflect Carlyle's active engagement in the modular data center construction and technology sectors.

Modular Data Center Construction Insights: Key Investors in the US

Investor	Headquarter	Size	Founded	Deals 2024
Intel Capital	Santa Clara, California, United States (USA)	11-50	1991	23
Goldman Sachs	New York, New York, United States (USA)	10001+	1998	59
Cisco	San Jose, California, United States (USA)	10001+	1984	5
Kkr	New York, New York, United States (USA)	1001-5000	1976	74
Blackstone	New York, New York, United States (USA)	1001-5000	1985	57
IFC - International Finance Corporation	Washington, D.C., District Of Columbia, United States (USA)	1001-5000	1956	107
Morgan Stanley	New York, New York, United States (USA)	10001+	1986	79
Bessemer Venture Partners	San Francisco, California, United States (USA)	11-50	1911	78
Khosla Ventures	Menlo Park, California, United States (USA)	51-200	2004	97
Apollo Global Management, Inc.	New York, New York, United States (USA)	1001-5000	1990	46
General Catalyst	San Francisco, California, United States (USA)	51-200	2000	144
Oracle	Austin, Texas, United States (USA)	10001+	2018	0
Greylock	Menlo Park, California, United States (USA)	51-200	1965	22
The Carlyle Group	Washington, D.C., District Of Columbia, United States (USA)	1001-5000	1987	25

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