About Two Degrees Mobile
Two Degrees Mobile is a company based in Auckland (New Zealand) founded in 2001 by Tex Edwards was acquired by Macquarie Group in December 2021.. Two Degrees Mobile has raised $28 million across 5 funding rounds from investors including Macquarie Group, European Union and Trilogy International. Two Degrees Mobile offers products and services including Pay Monthly Plans, Prepay Plans, Broadband Plans, and Mobile Phones. Two Degrees Mobile operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter Auckland, New Zealand
- Founders Tex Edwards
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Two Degrees Mobile Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28 M (USD)
in 5 rounds
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Latest Funding Round
$169.54 M (USD), Debt – Conventional
Jul 30, 2018
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Investors
Macquarie Group
& 4 more
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Employee Count
Employee Count
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Acquired by
Macquarie Group
(Dec 31, 2021)
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Products & Services of Two Degrees Mobile
Two Degrees Mobile offers a comprehensive portfolio of products and services, including Pay Monthly Plans, Prepay Plans, Broadband Plans, and Mobile Phones. 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.
Subscription-based mobile plans for personal and group use.
Flexible prepaid mobile options for on-demand usage.
High-speed fibre and wireless broadband for home and business.
Sales of smartphones with interest-free payment options.
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Funding Insights of Two Degrees Mobile
Two Degrees Mobile has successfully raised a total of $28M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $169.54 million completed in July 2018. 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 5
- Last Round Debt – Conventional — $169.5M
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First Round
First Round
(01 Nov 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Debt – Conventional - Two Degrees Mobile | Valuation |
investors |
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| May, 2015 | Amount | Grant - Two Degrees Mobile | Valuation |
investors |
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| Jun, 2013 | Amount | Debt – Conventional - Two Degrees Mobile | 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 Two Degrees Mobile
Two Degrees Mobile has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Macquarie Group, European Union and Trilogy International. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Operates as a commercial bank, offering deposits, loans, and payment services to customers.
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Founded Year | Domain | Location | |
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Wireless communications networks are operated across select international markets.
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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 Two Degrees Mobile
| 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 |
Financial Statements - Two Degrees Mobile
| 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 |
Two Degrees Mobile Comparisons
Competitors of Two Degrees Mobile
Two Degrees Mobile operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Provider of integrated telecommunication services
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| 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 Two Degrees Mobile
When was Two Degrees Mobile founded?
Two Degrees Mobile was founded in 2001 and raised its 1st funding round 9 years after it was founded.
Where is Two Degrees Mobile located?
Two Degrees Mobile is headquartered in Auckland, New Zealand.
Who is the current CEO of Two Degrees Mobile?
Mark Aue is the current CEO of Two Degrees Mobile.
Is Two Degrees Mobile a funded company?
Two Degrees Mobile is a funded company, having raised a total of $28M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $165M, raised on Nov 01, 2010.
What does Two Degrees Mobile do?
Two Degrees Mobile was founded in 2001 in Auckland, New Zealand, within the telecommunications sector. Mobile phone and broadband internet services are delivered to residential and business customers across the country. Operations are centered in Auckland, with network coverage extending nationwide. Leadership is provided by CEO Mark Aue, while Tex Edwards serves as the founder. The domain 2degrees.nz is utilized for online services.
Who are the top competitors of Two Degrees Mobile?
What products or services does Two Degrees Mobile offer?
Two Degrees Mobile offers Pay Monthly Plans, Prepay Plans, Broadband Plans, and Mobile Phones.
Who are Two Degrees Mobile's investors?
Two Degrees Mobile has 5 investors. Key investors include Macquarie Group, European Union, Trilogy International, Bank of New Zealand, and Aware Super.