This graph shows estimated monthly visits to the company website. As our data source puts it, "a visit
is defined as an entry to a web domain from a different web domain or from the beginning of
an empty browsing session, and expires after 30 minutes of inactivity."
2degrees is a U.S. and British owned mobile phone provider operating in New Zealand with 580,112 customers (12.5% of New Zealand's population). They launched on 5 August 2009 after 9 years of planning. 2degrees currently offers prepaid and pay monthly mobile services. 2degrees has spent $250 million building its network in the main city centres of Auckland, Wellington and Christchurch, plus the tourist destination Queenstown. Their network will work with GSM and UMTS mobiles compatible with the competing Vodafone and Telecom XT networks. In areas without 2degrees coverage handsets will roam on Vodafone's GSM and UMTS network.
2 Degrees now has launched full services using GSM-900 and UMTS-2100 technology in Hamilton and Tauranga. Both these areas are now mobile broadband zones, providing New Zealands cheapest Prepaid Mobile Broadband. As a part of the new cellsite build programme cell sites have recently been constructed in or are in the process of being constructed in Whangarei, Rotorua, Taupo, Napier, Hastings, Wanganui, Palmerston North, Levin, Nelson, Dunedin and Invercargill. 2degrees aims to have these cities mobile broadband ready as soon as practical, and many are in testing phase.
2degrees halved the prevalent pricing for prepay mobile in the New Zealand market, with voice calls costing 44 cents compared to 89 cents being charged by Telecom. SMS messages are charged at 9 cents compared to 20 cents on Vodafone and Telecom customers without a text plan. Customers will receive 300 to 500 free SMS messages per $30–$50 prepay top-up. Also, customers will receive a special rate of 22 cents for on-network and landline calls, as well as 2 cents per on-network SMS, provided they have topped up within the last 30 days. On 25 May 2010, 2degrees announced several new plans; $10 txt ($10 for 500 any network text messages; later upgrading to 1000, 2000, and now 2500 texts). $6 Data Bundles, $6 for 50 MB of mobile data, $10 for 100 MB of mobile data, and some calling plans. Currently Vodafone NZ offers $12 for 2500 any network SMS messages on a prepay plan, and Telecom's XT Network offers a $12 2500 any network text prepay plan. SIM cards are available for $5 instead of $30 charged by the other two companies, however, they only come with $1 credit compared with the $10 provided from the other networks (+$10, if details are registered online). 2degrees also sold $2 SIM cards with $2 credit. They also gave away free SIMs as part of their Chinwag & launch week campaigns and give them away with most new handsets.
This graph shows estimated monthly visits to the company website. As our data source puts it, "a visit is defined as an entry to a web domain from a different web domain or from the beginning of an empty browsing session, and expires after 30 minutes of inactivity."
This build-up graph gives an overview of disclosed funding rounds in chronological order, indicating the time and type of funding raised.
Why does it matter?
The size and frequency of funding rounds says a lot about a startup and where it is headed. Experienced investors look at the size, number and timing of funding rounds in a given industry, and estimate the value of a startup,
as well as the amount of equity that founders have likely surrendered. Funding reflects investor confidence in the market, the business, and the team.
Valuation, Funderbeam estimate
This graph shows a given startup's valuation at different disclosed funding rounds. We approximate the post-money valuation by estimating the value range of the equity stake that the startup may have surrendered to investors in each disclosed funding round.
Why does it matter?
Investors usually want to avoid overpaying for an equity stake in a startup. Comparing startup valuations in the same industry segment helps you read the mood and maturity of the market, investors' exit potential, etc. It also helps you see if a startup prices itself above or below its competitors, considering its product, development stage, etc.
A startup's precise value is impossible to estimate, partly because parties rarely disclose the percentage of the company that's surrendered to investors in any given funding round. However, we can estimate a likely value range based on how startup investments usually work.
Relative funding history
This graph gives competitors a common starting point, making it easier to view their speed of growth in relation to one another.
This graph makes it easy to see and compare the pace of funding among competitors. As a rule, later rounds mean that a company's business model works. This helps to gauge when business in a given sector really took off.