About 23.5 Degrees
23.5 Degrees is a company based in Southampton (United Kingdom) founded in 2013. 23.5 Degrees has raised $4.59 million across 4 funding rounds from investors including HSBC, Connection Capital and Seneca EIS Portfolio Fund. 23.5 Degrees offers products and services including Coffee and Beverages and Drive-Thru Services.
- Headquarter Southampton, United Kingdom
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Sectors
Consumer
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name 23.5 Degrees Limited
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Annual Revenue
$101.77 M (USD)11as on Aug 31, 2023
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Net Profit
$589.95 K (USD)-92as on Aug 31, 2023
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EBITDA
$1.25 M (USD)-87as on Aug 31, 2023
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Total Equity Funding
$4.59 M (USD)
in 4 rounds
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Latest Funding Round
$23.64 M (USD), Debt – Conventional
May 06, 2021
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Investors
HSBC
& 3 more
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Employee Count
Not available
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Products & Services of 23.5 Degrees
23.5 Degrees offers a comprehensive portfolio of products and services, including Coffee and Beverages and Drive-Thru Services.
Coffee and beverages are provided through franchised Starbucks stores across the UK.
Drive-thru services are offered at select locations to facilitate customer access to coffee and beverages.
Funding Insights of 23.5 Degrees
23.5 Degrees has successfully raised a total of $4.59M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $23.64 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 23.5 Degrees
23.5 Degrees has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, Connection Capital and Seneca EIS Portfolio Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm
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Locked | Locked | Locked | |
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Universal banking and financial advisory services are provided globally.
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Locked | Locked | Locked | |
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Provides access to private equity, debt, and funds for high-net-worth individuals.
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Locked | Locked | Locked |
Investor details for 23.5 Degrees
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Investments & Acquisitions by 23.5 Degrees
Investment portfolio details for 23.5 Degrees
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Financial Statements - 23.5 Degrees
Detailed financials for 23.5 Degrees
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23.5 Degrees Comparisons
Peer comparison for 23.5 Degrees
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Competitors of 23.5 Degrees
Detailed competitors of 23.5 Degrees
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Latest news on 23.5 Degrees
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Frequently Asked Questions about 23.5 Degrees
23.5 Degrees was founded in 2013 and raised its 1st funding round 2 years after it was founded.
23.5 Degrees is headquartered in Southampton, United Kingdom.
Mark Hepburn is the current CEO of 23.5 Degrees.
23.5 Degrees is a funded company, having raised a total of $4.59M across 4 funding rounds to date.
Annual revenue of 23.5 Degrees is $101.77M as on Aug 31, 2023.
23.5 Degrees was established in 2013 and is headquartered in Southampton, United Kingdom. Operations focus on managing Starbucks franchises within the retail coffee sector across the UK. The company oversees multiple locations, ensuring compliance with brand standards and day-to-day store functions. Leadership is provided by CEO and Managing Director Mark Hepburn, with activities centered on franchise expansion and maintenance in the region.
23.5 Degrees offers Coffee and Beverages and Drive-Thru Services.
23.5 Degrees has 4 investors. Key investors include HSBC, Connection Capital, Seneca EIS Portfolio Fund, and NatWest Group.