About 23.5 Degrees
23.5 Degrees is a Consumer company based in Southampton (United Kingdom) founded in 2013. Starbucks franchises in the UK are operated by 23.5 Degrees. 23.5 Degrees has raised $4.59 million across 4 funding rounds from investors including HSBC, Connection Capital and Seneca EIS Portfolio Fund. Its chief executive, as recorded, is Mark Hepburn. 23.5 Degrees offers products and services including Coffee and Beverages and Drive-Thru Services. Its focus areas include Food and Agriculture and Restaurant Franchisees. Its legal entity is 23.5 Degrees Limited.
Company details
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.
- Headquarters Southampton, United Kingdom
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website 23-5degrees.com
- Social LinkedIn X Facebook
- Legal Name 23.5 Degrees Limited
- Annual Revenue$101.77 M (USD)11as on Aug 31, 2023
- Net Profit$589.95 K (USD)-92as on Aug 31, 2023
- EBITDA$1.25 M (USD)-87as on Aug 31, 2023
- Total Equity Funding$4.59M (USD)
in 4 rounds
- Latest Funding Round$23.64M (USD), Debt – Conventional
May 2021
- InvestorsHSBC
& 3 more
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.
- Total Funding $4.59M
- Total Rounds 4
- Last Round Debt – Conventional — $23.64M
- Investors Count 4
All 4 funding rounds of 23.5 Degrees with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $23.64M | Debt – Conventional | – | – | |
| Aug 2018 | $4.59M | Series A | – | – | |
| Sep 2015 | $14.81M | Debt – Conventional | – | – | |
| Sep 2015 | Series A | – | Connection Capital |
4 investors in total: 4 institutional.
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 |
|---|---|---|---|---|
Private equity investment firm | senecaeis.co.uk | Haydock, United Kingdom | ||
Universal banking and financial advisory services are provided globally. | 1865 | hsbc.com | London, United Kingdom | |
Provides access to private equity, debt, and funds for high-net-worth individuals. | 2010 | connectioncapital.co.uk | London, United Kingdom | |
NatWest Group is recognized as a UK-focused banking institution. | rbs.com | Edinburgh, United Kingdom |
Investor details for 23.5 Degrees
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of 23.5 Degrees
1 people are tracked at 23.5 Degrees (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mark Hepburn | CEO & MD | Leadership |
Complete people profiles for 23.5 Degrees
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of 23.5 Degrees
3 dated milestones of 23.5 Degrees across 8 years, from founding to its latest funding, stage changes and deals.
- Founded 23.5 Degrees is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $23.6M.
Web traffic of 23.5 Degrees
The website of 23.5 Degrees (23-5degrees.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 15.7% vs previous month
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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 CEO of 23.5 Degrees, as recorded in our data.
23.5 Degrees is a funded company, having raised a total of $4.59M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $14.81M, raised on Sep 2015.
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.
23.5 Degrees operates through 23.5 Degrees Limited.