Digital Alpha Advisors (Digital Alpha), a digital infrastructure investment firm, has held the closing of Digital Alpha Fund II over its initial hard cap with over USD1 billion in commitments.
The Fund was oversubscribed and continues the same successful strategy of investing in digital infrastructure assets, companies and revenue share arrangements as Digital Alpha Fund I, formed in 2017. Digital Alpha will also continue the successful strategic partnership it has had with Cisco since the firm’s founding. In addition, Digital Alpha is proud to cultivate strategic partnerships with other Silicon Valley technology leaders, with whom it has already executed deals in Fund I and Fund II.
To date, the Fund has committed approximately USD300 million across three deals. The first deal of the Fund created a novel network edge solution with Cisco, Qwilt, and British Telecom. The Fund also recently made a USD185 million investment commitment to network access provider WeLink Communications to help expand their fixed-wireless broadband footprint across the US. Finally, in March the Fund committed USD100 million in outcome-based financing to fund digital infrastructure for communities across the US with Sharecare—a leading digital health platform.
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