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Teraco Co-Founder Behind $3.5 Billion Digital Realty Exit Invests in Panda Hub After Booking as a Customer

Globe Newswire•22/07/2026•09:00 ET
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Whiz Insights

Panda Hub, the car detailing and car care platform serving customers in 100+ cities and expanding rapidly across the United States and Canada, announced a strategic investment from technology entrepreneur Matt Tagg.

Tagg founded Webafrica in 1997 and built it into one of South Africa’s largest internet service providers. He is also a co-founder of Teraco Data Environments, Africa’s largest data centre operator, which was acquired by NYSE-listed Digital Realty (NYSE: DLR) in a transaction that valued the business at approximately $3.5 billion.

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