# Growth telecoms investors (2026 list)

> 95 growth telecoms investors, 94% active in the last 12 months. Led by 500 Global, Andreessen Horowitz, New Enterprise Associates. Ranked by what they funded.

Source: https://millionrounds.com/lists/growth-telecom-investors (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Growth telecoms investors

Updated 7 November 2026

Firms we have watched take part in a growth round raised by a telecoms company in the last two years. Both the stage and the sector are what they did, not what their website says.

[See all 95 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-telecom-investors)The top 25

**95** investors on the list *+9* this week

**2,012** cheques in 12 months *+9%* against the market

**$60M** median round they joined *+650%* against the market median

**94%** wrote a cheque in 12 months

**68%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen
- 2 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen
- 3 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **1,610** **$34M** median round **Oct 2026** last seen
- 4 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **1,349** **$18M** median round **Oct 2026** last seen
- 5 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **1,341** **$35M** median round **Nov 2026** last seen
- 6 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen
- 7 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,038** **$30M** median round **Nov 2026** last seen
- 8 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **884** **$38M** median round **Oct 2026** last seen
- 9 [BoxGroup](https://millionrounds.com/fund/boxgroup) *Deploying now* VC firm · United States **773** **$18M** median round **Nov 2026** last seen
- 10 [Venrock](https://millionrounds.com/fund/venrock) *Deploying now* VC firm · United States **560** **$36M** median round **Oct 2026** last seen
- 11 [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) *Deploying now* VC firm · United States **535** **$15M** median round **Nov 2026** last seen
- 12 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 2026** last seen
- 13 [Summit Partners](https://millionrounds.com/fund/summit-partners) *Deploying now* Private equity · United States **356** **$81M** median round **Oct 2026** last seen
- 14 [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) *Deploying now* Accelerator · United Kingdom **332** **$3.6M** median round **Oct 2026** last seen
- 15 [FirstMark](https://millionrounds.com/fund/firstmark) *Deploying now* VC firm · United States **319** **$20M** median round **Oct 2026** last seen
- 16 [BlackRock](https://millionrounds.com/fund/blackrock) *Deploying now* Asset manager · United States **296** **$130M** median round **Nov 2026** last seen
- 17 [SoftBank](https://millionrounds.com/fund/softbank-2) *Deploying now* Investment firm **293** **$58M** median round **Sept 2026** last seen
- 18 [LocalGlobe](https://millionrounds.com/fund/localglobe) *Deploying now* VC firm · United Kingdom **269** **$12M** median round **Oct 2026** last seen
- 19 [Business Growth Fund](https://millionrounds.com/fund/bgf) *Deploying now* Private equity · United Kingdom **260** **$9.9M** median round **Nov 2026** last seen
- 20 [Nissay Capital](https://millionrounds.com/fund/nissay-capital) *Deploying now* VC firm · Japan **221** **$3.5M** median round **Oct 2026** last seen
- 21 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) *Deploying now* Private equity · United States **198** **$64M** median round **Nov 2026** last seen
- 22 [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) *Deploying now* VC firm · United States **188** **$70M** median round **Oct 2026** last seen
- 23 [Innovation Endeavors](https://millionrounds.com/fund/innovation-endeavors) *Deploying now* VC firm · United States **178** **$18M** median round **Oct 2026** last seen
- 24 [MMC Ventures](https://millionrounds.com/fund/mmc-ventures) *Deploying now* VC firm · United Kingdom **154** **$9.3M** median round **Nov 2026** last seen
- 25 [Seraphim Space](https://millionrounds.com/fund/seraphim-space) *Deploying now* VC firm · United Kingdom **125** **$6.4M** median round **Oct 2026** last seen

**70 more on this list**

All 95 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-telecom-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Physicl](https://millionrounds.com/company/physicl)** Seed · $10M *With* [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp)
- **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [PSP Growth](https://millionrounds.com/fund/psp-growth)
- **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Fidelity](https://millionrounds.com/fund/fidelity)
- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Business Growth Fund](https://millionrounds.com/fund/bgf)
- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton)
- **5** Nov **[CesiumAstro](https://millionrounds.com/company/cesiumastro)** Series D+ · $730M *Led by* [Janus Henderson](https://millionrounds.com/fund/janus-henderson)

## Stages This Year

1,595 rounds

- Series A **18%**
- Seed **15%**
- Venture **13%**
- Series B **11%**
- Series C **8%**
- Other **34%**

## What They Backed

Sectors, last 12 months

- AI **754**
- Fintech **131**
- Biotech **115**
- Big Data & Analytics **107**
- Healthcare **95**
- Financial Services **78**

## Cheques by Quarter

Led Joined

437 Q1 25

464 Q2 25

532 Q3 25

600 Q4 25

597 Q1 26

551 Q2 26

471 Q3 26

168 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Seed AI investors 2,922](https://millionrounds.com/lists/seed-ai-investors)
- [Series A AI investors 2,490](https://millionrounds.com/lists/series-a-ai-investors)
- [Series B AI investors 1,557](https://millionrounds.com/lists/series-b-ai-investors)
- [Pre-seed AI investors 1,286](https://millionrounds.com/lists/pre-seed-ai-investors)
- [Growth AI investors 1,186](https://millionrounds.com/lists/growth-ai-investors)
- [Series A fintech investors 950](https://millionrounds.com/lists/series-a-fintech-investors)
- [Series C AI investors 930](https://millionrounds.com/lists/series-c-ai-investors)
- [Seed fintech investors 925](https://millionrounds.com/lists/seed-fintech-investors)
- [Series A biotech investors 650](https://millionrounds.com/lists/series-a-biotech-investors)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about growth telecoms investors

### Who are the most active growth telecoms investors?

By cheques observed, the most active are 500 Global, Andreessen Horowitz, New Enterprise Associates, SV Angel and Lightspeed Venture Partners.

### How many growth telecoms investors are there?

95 are on record. 94% made an investment in the last 12 months and 68% have led a round.

### Which stages do growth telecoms investors back?

Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (21%).

### How big are the rounds growth telecoms investors join?

The typical (median) round among the leading investors here is $22M.

### Which sectors do growth telecoms investors back most?

In the last 12 months, mostly AI, Fintech and Biotech.

### Which growth telecoms investors lead the most rounds?

Andreessen Horowitz (114 led), Lightspeed Venture Partners (83 led) and New Enterprise Associates (73 led).

### Where are growth telecoms investors based?

Among the most active, most are based in the United States (18), the United Kingdom (5) and Japan (1).

### What have growth telecoms investors invested in recently?

Recent rounds include Physicl (Seed, Nov 2026, with U.S. Venture Partners), Ocient (Series C, Nov 2026, with PSP Growth) and Harbinger (Series D+, Nov 2026, with Fidelity).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)