[EN] DigitalOcean Raises $50M Debt Round for Data Center Battle
The New York startup has secured a $50 million credit facility from Fortress Investment Group LLC.
The money, which comes in the form of a five-year term loan, will help DigitalOcean build out data centers around the globe, with the next one coming to Frankfurt.
DigitalOcean itself has also been expanding. It had 40 employees at the beginning of the year. It now has 110.
The company says it now serves 360,000 developers. In recent months, 20,000 new users have been deploying servers on DigitalOcean per month on average. The company saw its most customer acquisitions in October 2014 when the number of new active users exceeded 26,000.