The Bunker raises £1m for further upgrade and expansion

The Bunker Secure Hosting Ltd, the Ultra Secure Data Centre and Managed Services provider announces the successful completion of its fourth round of financing.

The £1m of new funds was once again raised entirely from existing shareholders at double the value of the last issue.

The funds will be used to continue the company’s infrastructure upgrade and development program including the fit out of further data areas at both the Ash and Newbury Data Centres.

Peregrine Newton CEO of The Bunker, said: “I am delighted with the outcome of this latest round of financing.

The management team see this as another positive endorsement of the progress of the company.

The Bunker is now a very profitable business and these funds will allow us to accelerate our upgrade plans and continue expansion.

It is tremendous to have such a supportive shareholder base behind us and to be able to draw on such a deep pool of expertise in finance, technology and business growth and development.

The Bunker has a unique proposition in a very positive market. The board and shareholders completely understand the potential of the company and continue to back the team and help them deliver”.