Virtual1 Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Virtual1 Limited - overview
Established
2007
Location
London, -, UK
Primary Industry
Telecoms
About
Virtual1 Limited is a telecommunications provider specializing in connectivity solutions, voice services, cloud technology, and cybersecurity, empowering businesses to enhance their digital capabilities. Founded in 2007, Virtual1 Limited operates in London, UK, focusing on telecommunications services. The company underwent an acquisition in April 2022 by TalkTalk Telecom Group PLC, enhancing its service offerings, particularly in Ethernet solutions. Co-founder Tom O’Hagan continues as CEO, steering the company's strategic direction.
Virtual1 has engaged in two funding deals, with the latest being a GROWTH round raising GBP 10. 000 mn, bringing the total funds raised to GBP 10. 000 mn. Virtual1 Limited's primary offerings revolve around extensive telecommunication solutions, including high-speed fibre connectivity, advanced cloud voice technologies, and integrated security services.
Their platform, known as PlatformX Communications (PXC), provides tools for businesses to manage connectivity and cloud services effectively, boasting a 99. 995% network availability. The company serves a variety of sectors, including resellers, carriers, and service providers, facilitating their customers' digital transformations through innovative service packages and seamless integration capabilities. In the most recent financial year 2023, Virtual1 Limited reported a revenue of GBP 63,151,091.
30 and an EBITDA of GBP -5,239,212. 40. Their revenue model is largely based on B2B partnerships, with clients subscribing to service packages that include a mix of connectivity and security solutions. Following its acquisition in April 2022, Virtual1 Limited is concentrating on expanding its Ethernet solutions globally.
The recent funding from the GROWTH round will be utilized to bolster this expansion and enhance its service portfolio. The company aims to introduce new products focusing on connectivity solutions, with specific rollouts planned for new market entries targeting various regions, although no exact timelines are specified.
Current Investors
Penta Capital, Souter Investments, TalkTalk Telecom Group Limited
Primary Industry
Telecoms
Sub Industries
IT Security/Cybersecurity, Connectivity Software, Internet Service Providers
Website
www.virtual1.co.uk
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Virtual1 Limited - timeline of key events
Virtual1 Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Virtual1 Limited | - | ||||||||
| Growth | Completed | Virtual1 Limited | - |
Displaying 1 - 2 of 2
Virtual1 Limited - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.