Teraco - About the company
Teraco is an acquired company based in Johannesburg (South Africa), founded in 2007 by Matt Tagg and Tim Parsonson. It operates as a Data center colocation solutions provider. Teraco has raised $28M in funding from Marlow, with last known valuation of $*****. The company has 702 active competitors, including 56 funded and 196 that have exited. Its top competitors include companies like Equinix, DataBank and CtrlS.
Company Details
Teraco is a data center colocation solutions provider. It provides data center services which include co-location, physical interconnect services, private caged space, power management cabinet monitoring, remote technical access, and wireless co-location. Its data centers are vendor agnostic and are located in Cape Town, Durban and Johannesburg.
- Website
- www.teraco.co.za/
- Social
Key Metrics
Founded Year
2007
Location
Johannesburg, South Africa
Stage
Acquired
Total Funding
$28M in 7 rounds
Latest Funding Round
Last Known Valuation
$***** as on Aug 18, 2022
Ranked
27th among 702 active competitors
Employee Count
431 as on Jun 30, 2026
Exit Details
Acquired by Digital Realty (Jan 03, 2022)
Teraco's acquisition details
Teraco got acquired by Digital Realty on Jan 03, 2022.
Click here to take a look at Teraco's acquisition in detail
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Teraco's funding and investors
Teraco has raised a total funding of $28M over 7 rounds. Its first funding round was on Mar 2009. Its latest funding round was a Conventional Debt round on Jan 31, 2023 for $*****. 1 investor participated in its latest round. Teraco has 8 institutional investors.
Here is the list of recent funding rounds of Teraco:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 31, 2023 | 8136353 | Conventional Debt | 8872064 | 5057105 | 6734117 | 6920592 |
Feb 02, 2021 | 6356774 | Conventional Debt | 1272128 | 3761587 | 3165533 | |
Mar 14, 2017 | 4540086 | Conventional Debt | 6122837 | 2620641 | 9476346 |
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Teraco's founders and board of directors
Founder? Claim ProfileThe founders of Teraco are Matt Tagg and Tim Parsonson.
Here are the details of Teraco's key team members:
- Matt Tagg: Co-founder of Teraco and founder of 1 other company.
- Tim Parsonson: Co-founder of Teraco.
View details of Teraco's Founder profiles and Board Members
Teraco's employee count trend
Teraco has 431 employees as of Jun 26. Here is Teraco's employee count trend over the years:
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Teraco's Competitors and alternates
Top competitors of Teraco include Equinix, DataBank and CtrlS. Here is the list of Top 10 competitors of Teraco, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Equinix 1998, Redwood City (United States), Public | Operator of data centers providing colocation and network interconnection services | $175M | 81/100 | |
2nd | DataBank 2005, Dallas (United States), Acquired | Provider of colocation, cloud, bare metal, interconnection, and managed services | $2.44B | 77/100 | |
3rd | Operator of interconnected facilities providing colocation, cloud, and managed services | $128M | 70/100 | ||
4th | Operator of data centers providing colocation, build to suit, and interconnectivity | $952M | 69/100 | ||
5th | Provider of data center infrastructure solutions, including colocation and cloud connectivity | $12M | 68/100 | ||
6th | Provider of data center colocation solutions | $400M | 67/100 | ||
7th | Crusoe 2018, Denver (United States), Series E | Operator of cloud platform providing infrastructure for artificial intelligence workloads | $2.77B | 67/100 | |
8th | Compass Datacenters 2011, Dallas (United States), Acquired | Provider of dedicated data center buildings and campuses for clients | $178M | 67/100 | |
9th | Data center colocation services provider | $53.3M | 67/100 | ||
10th | Digital Realty 2004, San Francisco (United States), Public | Operator of data centers providing colocation, interconnection, and related services | - | 66/100 | |
27th | Teraco 2007, Johannesburg (South Africa), Acquired | Data center colocation solutions provider | $28M | 59/100 |
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Teraco's Investments and acquisitions
Teraco has made no investments or acquisitions yet.
Reports related to Teraco
Here is the latest report on Teraco's sector:
News related to Teraco
Filter this listMedia has covered Teraco for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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TT Connect Launches Diverse Dark Fibre Between Teraco JB1 and JB2Telecompaper•Jun 01, 2026•TT Connect, Teraco
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Teraco secures wind power supply for S African data centresRenewables Now•Feb 26, 2025•Teraco, NOA Group Africa
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Teraco commences construction on 120MW solar power plant in South AfricaTelecompaper•Nov 12, 2024•Teraco
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Teraco’s NAPAfrica introduces network time protocol serviceAfrica Business Communities•May 02, 2024•Teraco
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Teraco secures grid capacity allocation for 120MW utility-scale solar development in South AfricaAfrica Business Communities•Feb 21, 2024•Teraco, Eskom
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Teraco announces access to the Johannesburg Google Cloud Region via Cloud InterconnectAfrica Business Communities•Feb 07, 2024•Teraco, Google Cloud
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Teraco to offer direct connectivity for Johannesburg Google Cloud regionTelecompaper•Feb 06, 2024•Teraco
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