QScale closes a C$172 million financing round by Capital Régional et Coopératif Desjardins, Investissement Québec and a group of private investors to finance the construction of a high-density data processing centre in Lévis

On July 12, 2021, QScale, a company specialized in the design, the construction, the operation and the management of high-density data processing centres, has announced the implementation of a CAD $867 million data centre project in Lévis, Québec.

QScale also announced an investment of nearly C$172 million in equity and subordinated loan investments from both private and public partners. Notably, the Québec government is investing a total of $90 million via a $60 million loan as well as a $30 million investment in limited partnership shares in the company. Desjardins Capital is also contributing a total of $60 million, one of the biggest investments since its creation.

The project, which will be completed by the end of 2022, consists of eight phases of development and foresees the creation of over 200 jobs. It will make Québec one of the most innovative nations in the world in matters of data processing.