NodeOne today announced a successful capital raising, welcoming CVC Emerging Companies Fund (CVC) and Andrew and Nicola Forrest’s private company Tattarang as new investors.
NodeOne is a proud Western Australian company, delivering WA’s fastest internet through its fixed wireless and NBN networks.
Founded in 2009, NodeOne has been at the forefront of internet technology since becoming the first fixed wireless company to introduce 100Mbps download speeds in 2014, and speeds greater than 500Mbps in 2018. Since then, NodeOne has expanded its network to cover Geraldton and the Midwest, as well as the Perth metropolitan area and greater Bunbury region. NodeOne now has more than 50 fixed wireless points of presence, providing network coverage to over 2 million people.
“With the strategic investment and support of Tattarang and CVC, NodeOne is poised to invest in further fixed wireless coverage across Western Australia, leveraging our existing network,” NodeOne CEO Richard Whiting said.
“NodeOne is the largest fixed wireless provider in Western Australia with a rapidly growing market share and will use the funds to accelerate organic growth, expand our network and invest in our people.
“This investment will also allow NodeOne to expand our offering into the WA business market, with big business speeds at small business prices.”
Tattarang Chief Investment Officer John Hartman said the Group was proud to invest in a WA company that had enormous upside.
“NodeOne has proven to be a technology leader and we see great potential in their ongoing expansion. We’re confident they will continue to win market share,” Mr Hartman said.
CVC Emerging Companies Fund Portfolio Manager Jonathan Pearce said “With a proven market presence and a growing customer base, NodeOne is an emerging leader in WA telco – CVC is excited to be supporting NodeOne’s future growth.”
With offices in both Perth and Geraldton, NodeOne continues to grow its footprint, providing more WA customers with local service and great internet speeds.
Existing NodeOne investors include founder Nick van Namen and Amcom Co-Founder, former Vocus Deputy Chair and iiNet Director, Tony Grist.