New World Ventures has led a $90m investment in modular data center specialists IO Data Centers. IO's existing backers including Sterling Partners and JP Morgan Asset Management also took part.
IO Data Centers, a provider of ‘modular data center technologies’ has raised $90m, which includes a $50m investment from New World Ventures (NWV), an investment arm of the Pritzker family, with the remainder invested by previous backers including financial services firm JP Morgan.
The deal is NWV’s largest ever investment to date for the unit which normally invests around $3m to $7m in early-stage companies. IO, which was founded in 2006, has now raised $260m in its history.
IO…
