Drax secures £2.5bn funding for a new data centre project in Northern England, in partnership with Brookfield and QIA. The first phase will have a capacity of 100MW and aims to be operational by Q1 2028.
Amount Raised
£2.5 Billion
Round Type
Venture
Investors
Description
Drax, alongside Brookfield and Qatar Investment Authority's AI company Qai, is undertaking a significant £20bn data centre project at Drax Power Station. An initial £2.5bn capital injection will fund the first phase, set to become operational by early 2028. The venture aims to expand capacity to 500MW and potentially more in future phases. This initiative is crucial for enhancing the UK's AI infrastructure.
Quick answer
Drax raised £2.5 Billion in a funding round, dated November 3, 2026. Investors: Qatar Investment Authority and Brookfield.
- How much did Drax raise?
- Drax raised £2.5 Billion in a funding round on November 3, 2026.
- Who invested in Drax?
- Qatar Investment Authority and Brookfield are named as investors in this round.
- What does Drax do?
- We are a manufacturer of compressed wood pellets produced from sustainably managed working forests.
- Who are the decision-makers at Drax?
- Fundz holds 4 contacts at Drax, including the Head of Sales. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Education around the same time
Companies in the same sectors as Drax that raised within 45 days of this round, from Fundz verified event records.
- Vumedi raised $140M (Series B) on November 13, 2026.
- Revolv Space raised $5.6M (Series A) on November 12, 2026.
- Exus Renewables raised $345M (Debt Financing) on November 12, 2026.
- BluWave-ai raised $5.7M (Series A) on November 12, 2026.
- Torus raised $500M on November 11, 2026.
- Coreshell raised $30M (Series B) on November 11, 2026.
Who to call at Drax, and when
A new round usually means Drax is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Drax raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Drax, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Drax. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Drax raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Drax raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.