About TowerCo
TowerCo is a company based in Cary (United States) founded in 2004 was acquired by Ontario Teachers' Pension Plan in July 2022.. TowerCo has completed 1 acquisition, including Atis. TowerCo offers products and services including Colocation and Build-to-Suit.
- Headquarter Cary, United States
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Towerco, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$40 M (USD), Debt – Conventional
Mar 08, 2024
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Investors
Tailwind Capital
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of TowerCo
TowerCo offers a comprehensive portfolio of products and services, including Colocation and Build-to-Suit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Space on towers is provided by TowerCo for wireless equipment, ensuring reliable infrastructure that aligns with tenant needs
New tower structures are designed and constructed by TowerCo to meet specific wireless network requirements of tenants
Funding Insights of TowerCo
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $40.0M
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First Round
First Round
(05 Aug 2005)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Debt – Conventional - TowerCo | Valuation |
investors |
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| Jan, 2006 | Amount | Seed - TowerCo | Valuation |
investors |
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| Aug, 2005 | Amount | Debt – Conventional - TowerCo | 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 TowerCo
TowerCo has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tailwind Capital, European Investment Bank and Abertis. 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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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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PE firm investing in the US
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Founded Year | Domain | Location | |
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Environmental development investments are managed by this government agency.
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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 TowerCo
TowerCo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Atis. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Telecommunications infrastructure is built and leased by Atis Group.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TowerCo
| 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 |
Towerco Comparisons
Competitors of TowerCo
| 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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Frequently Asked Questions about TowerCo
When was TowerCo founded?
TowerCo was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is TowerCo located?
TowerCo is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
What does TowerCo do?
TowerCo was founded in 2004 and is headquartered in Cary, United States. Operations focus on the telecommunications sector, where colocation, relocation, and build-to-suit services for wireless towers are managed. Reconfiguration and fiber installation are handled, along with applications for colocation involving entities like CSpire. More than 3200 towers are operated across the United States.
What products or services does TowerCo offer?
TowerCo offers Colocation and Build-to-Suit.
How many acquisitions has TowerCo made?
TowerCo has made 1 acquisition, including Atis.
Who are TowerCo's investors?
TowerCo has 6 investors. Key investors include Tailwind Capital, European Investment Bank, Abertis, European Development Finance Institutions, and CapitalSource.
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