Sectors/Telecom/2011

Telecom funding in 2011

European Telecom startup funding raised during 2011.

In 2011, 27 European Telecom companies closed 29 funding rounds and raised €111M in equity funding (excluding debt and grants). Israel led by capital raised, and Atomico was the most active investor. Data as of 6 Nov 2026.

Equity funding

€111M

excl. debt & grants

Funding rounds

Companies

Top country

Israel

Telecom: last three years

change vs the year before

Year	Equity	Change	Rounds	Change	Debt
2009	€181M	-17.1%	23	+0.0%	—
2010	€452M	+149.6%	40	+73.9%	€567M
2011	€111M	-75.4%	29	-27.5%	—

Break down 2011 by period

Half-year

Rank among sectors

#11

3.0% of sector funding

Top-10 round share

86.1%

of disclosed capital

Funding by month

€ raised vs rounds, by month

Data table

	Funding	Rounds
Feb	€29M	6
Mar	€12M	3
May	€6.7M	1
Jun	€11M	3
Jul	€0	1
Aug	€1.5M	2
Sep	€6.2M	2
Oct	€15M	3
Nov	€18M	5
Dec	€12M	3

Top countries

by € raised

Data table

	Telecom — top countries by capital, 2011
Israel	€32M
UK	€31M
Netherlands	€19M
Spain	€11M
Ireland	€9.5M
Germany	€6.2M
Italy	€2.0M
Belgium	€0

Stage mix

by € raised

Data table

	Telecom — stage mix, 2011
Growth/Late	€60M
Series A	€17M
Series B	€14M
Series D+	€8.6M
Early VC	€8.3M
Seed	€2.8M
Other	€448k

Exits & M&A

1 Acquisition

1 exit · €818M disclosed.

Viber

Acquisition

Apr 2011

€818M

Largest equity rounds

by disclosed amount, 2011

Company	Stage	Date	Amount
ElephantTalk Communications	Growth/Late	Feb 2011	€17M
Siklu	Series B	Oct 2011	€14M
ip.access	Growth/Late	Dec 2011	€11M
FON	Growth/Late	Feb 2011	€10M
Neul	Growth/Late	Jun 2011	€8.9M
Altobridge	Growth/Late	Mar 2011	€8.7M
ColorChip	Series D+	Nov 2011	€8.6M
Vasona Networks	Series A	May 2011	€6.7M
azeti Networks	Series A	Nov 2011	€6.2M
Nomad Digital	Early VC	Sep 2011	€4.4M

View all 29 Telecom deals in 2011 →

Top investors

most active in 2011, by deal count

Source: Tech.eu Funding Explorer · data as of 6 Nov 2026 · licence CC BY 4.0 · Methodology

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