It lodged a Prospectus with the Australian Securities and Investments Commission (ASIC) to raise the $40 million capital funding.
NextDC, co-founded by telco veteran, Bevan Slattery, started up in May and has secured sites in Melbourne and Brisbane for two new datacentres.
On top of its initial equity of $20 million, it is raising $40 million capital as well as another $40 million funding from a bank to help its expansion into Sydney.
This brings the company’s total equity and debt funding to $100 million.
“[T]he directors believe NextDC will be well-positioned to meet the requirements of corporate and government customers in its initial datacentre facilities and target market in the coming years,” NextDC said in a statement.