Evocative Data Centers is working with Guggenheim on debt financing for a portfolio of its data center facilities, sources told Infralogic.

Evocative is seeking between USD 70m and USD 100m in financing to support the expansion of multiple data centers, according to the first source.

Evocative and Guggenheim did not respond to requests for comment.

The company currently has 14 data center projects across the US, seven of which are located in California, with the remainder spread across Arizona, Georgia, Massachusetts, New Jersey, Texas, and Washington state, according to Evocative’s website.

According to the website, Evocative’s data center in Plano, Texas – DAL5 – has a 12 MW capacity and is capable of being expanded to 20+ MW.

The company develops collocated data centers and works with several large customers, including AT&T, Cox, GTT, Spectrum, Verizon, and Zayo.

In June, Evocative expanded its Megaport services to its Atlanta, Dallas, Los Angeles, Secaucus, and Silicon Valley markets. As a network-as-a-service provider, Megaport will allow Evocative customers in these areas to use Megaport’s software-defined network. The pair announced their partnership in 2024 and work together across eight different metro areas.

Evocative is backed by private equity firm Crestline Investors, which provided the company with USD 30m in debt and equity in 2019 and USD 30m in equity in 2022, according to the company website.

Later in 2022, Crestline provided Evocative with an undisclosed incremental equity investment to fund its acquisition of an INAP data center portfolio, according to a press release.