About Eaton Towers
Eaton Towers is a company based in Fourways (South Africa) founded in 2008 was acquired by American Tower in May 2019.. Eaton Towers has raised $500 million across 4 funding rounds from investors including Standard Bank, American Tower and International Finance Corporation.
- Headquarter Fourways, South Africa
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 M (USD)
in 4 rounds
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Latest Funding Round
$350 M (USD), Private Equity Round
Apr 30, 2015
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Investors
Standard Bank
& 7 more
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Employee Count
Employee Count
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Acquired by
American Tower
(May 30, 2019)
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Funding Insights of Eaton Towers
Eaton Towers has successfully raised a total of $500M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $350 million completed in April 2015. 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 Total Funding
- Total Rounds 4
- Last Round Private Equity Round — $350.0M
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First Round
First Round
(19 Sep 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Private Equity Round - Eaton Towers | Valuation | Development Partners International , Ethos Private Equity |
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| Oct, 2012 | Amount | Debt – Conventional - Eaton Towers | Valuation |
investors |
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| Jan, 2012 | Amount | Debt – Conventional - Eaton Towers | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Eaton Towers
Eaton Towers has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Standard Bank, American Tower and International Finance Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A premier African investment firm focused on high-growth businesses.
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Founded Year | Domain | Location | |
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PE firm investing in South Africa
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Founded Year | Domain | Location | |
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Acquisitions and buyouts are targeted by the private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Eaton Towers
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Eaton Towers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eaton Towers Comparisons
Competitors of Eaton Towers
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Eaton Towers
Frequently Asked Questions about Eaton Towers
When was Eaton Towers founded?
Eaton Towers was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Eaton Towers located?
Eaton Towers is headquartered in Fourways, South Africa. It is registered at Fourways, Gauteng, South Africa.
Is Eaton Towers a funded company?
Eaton Towers is a funded company, having raised a total of $500M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $30M, raised on Sep 19, 2011.
What does Eaton Towers do?
Eaton Towers was founded in 2008 and is headquartered in Fourways, South Africa. Operations focus on the telecommunications sector, where independent tower infrastructure is managed for mobile network operators. Co-location, installation, and maintenance services are offered across Africa, with more than 5000 towers shared in Ghana, Uganda, Kenya, South Africa, and three other countries.
Who are Eaton Towers's investors?
Eaton Towers has 8 investors. Key investors include Standard Bank, American Tower, International Finance Corporation, Stanbic Bank Uganda, and Affirma Capital.