# Telecoms investors in Benelux (2026 list) > 38 telecoms investors in Benelux, 87% active in the last 12 months. Led by Y Combinator, Accel, EIC Accelerator. Ranked by what they funded. Source: https://millionrounds.com/lists/telecom-investors-in-benelux (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Telecoms investors in Benelux Updated 7 November 2026 Firms observed backing a telecoms company in Benelux in the last two years, wherever the firm is based. [See all 38 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Ftelecom-investors-in-benelux)The top 25 **38** investors on the list No change this week **1,770** cheques in 12 months *-11%* against the market **$8.8M** median round they joined *+10%* against the market median **87%** 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 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen - 3 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen - 4 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen - 5 [SVB Capital](https://millionrounds.com/fund/svb-capital) *Deploying now* VC firm · United States **564** **$20M** median round **Oct 2026** last seen - 6 [Spark Capital](https://millionrounds.com/fund/spark-capital) *Deploying now* VC firm · United States **471** **$40M** median round **Oct 2026** last seen - 7 [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) *Deploying now* VC firm · United Kingdom **355** **$10M** median round **Oct 2026** last seen - 8 [Speedinvest](https://millionrounds.com/fund/speedinvest) *Deploying now* VC firm · Austria **345** **$6.7M** median round **Nov 2026** last seen - 9 [BlackRock](https://millionrounds.com/fund/blackrock) *Deploying now* Asset manager · United States **296** **$130M** median round **Nov 2026** last seen - 10 [Rabobank](https://millionrounds.com/fund/rabobank) *Deploying now* Corporate VC · Netherlands **122** **$3.2M** median round **Nov 2026** last seen - 11 [nVentures](https://millionrounds.com/fund/nventures-2) *Deploying now* VC firm · Singapore **97** **$26M** median round **Jun 2026** last seen - 12 [B2venture](https://millionrounds.com/fund/b2venture) *Deploying now* VC firm · Switzerland **94** **$9.8M** median round **Oct 2026** last seen - 13 [PMV](https://millionrounds.com/fund/pmv) *Deploying now* Government · Belgium **85** **$3.6M** median round **Sept 2026** last seen - 14 [BOM](https://millionrounds.com/fund/bom) *Deploying now* VC firm **68** **$5.6M** median round **Sept 2026** last seen - 15 [Faber](https://millionrounds.com/fund/faber) *Deploying now* VC firm · Portugal **59** **$3.7M** median round **Nov 2026** last seen - 16 [InnovationQuarter](https://millionrounds.com/fund/innovation-quarter) *Deploying now* Government · Netherlands **52** **$5.5M** median round **Jun 2026** last seen - 17 [Innovation Industries](https://millionrounds.com/fund/innovation-industries) *Deploying now* VC firm · Netherlands **44** **$16M** median round **Oct 2026** last seen - 18 [Matterwave Ventures](https://millionrounds.com/fund/matterwave-ventures) *Deploying now* VC firm · Germany **38** **$7.8M** median round **Sept 2026** last seen - 19 [SHIFT Invest](https://millionrounds.com/fund/shift-invest) *Deploying now* VC firm · Netherlands **38** **$5M** median round **Nov 2026** last seen - 20 [Capital One](https://millionrounds.com/fund/capital-one) *Deploying now* VC firm · United States **34** **$41M** median round **Nov 2026** last seen - 21 [LUMO Labs](https://millionrounds.com/fund/lumo-labs) *Deploying now* VC firm · Netherlands **34** **$1.6M** median round **Sept 2026** last seen - 22 [Sakana AI](https://millionrounds.com/fund/mufg) *Deploying now* Growth equity · Japan **9** **$450M** median round **Sept 2026** last seen - 23 [Brabant Development Agency (BOM)](https://millionrounds.com/fund/brabant-development-agency-bom) *Deploying now* VC firm · Netherlands **8** **$11M** median round **Oct 2026** last seen - 24 [forward.one](https://millionrounds.com/fund/forward-one) *Deploying now* VC firm · Netherlands **8** **$16M** median round **Sept 2026** last seen - 25 [Join Capital](https://millionrounds.com/fund/join-capital) *Deploying now* VC firm · Germany **7** **$7M** median round **Oct 2026** last seen **13 more on this list** All 38 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%2Ftelecom-investors-in-benelux) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) - **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Rabobank](https://millionrounds.com/fund/rabobank) - **5** Nov **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *With* [Faber](https://millionrounds.com/fund/faber) - **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *Led by* [SHIFT Invest](https://millionrounds.com/fund/shift-invest) - **5** Nov **[Pliant](https://millionrounds.com/company/pliant)** Series C · $80M *Led by* [Speedinvest](https://millionrounds.com/fund/speedinvest) - **4** Nov **Sentra** Series C · $150M *Led by* [Capital One](https://millionrounds.com/fund/capital-one) ## Stages This Year 1,685 rounds - Venture **24%** - Pre-seed **16%** - Seed **16%** - Series A **13%** - Series B **7%** - Other **23%** ## What They Backed Sectors, last 12 months - AI **811** - Fintech **105** - Biotech **96** - Healthcare **92** - Big Data & Analytics **92** - Financial Services **66** ## Cheques by Quarter Led Joined 517 Q1 25 493 Q2 25 576 Q3 25 565 Q4 25 545 Q1 26 536 Q2 26 351 Q3 26 83 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america) - [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe) - [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america) - [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america) - [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia) - [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america) - [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america) - [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america) - [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about telecoms investors in Benelux ### Who are the most active telecoms investors in Benelux? By cheques observed, the most active are Y Combinator, Accel, EIC Accelerator, Citibank and SVB Capital. ### How many telecoms investors in Benelux are there? 38 are on record. 87% made an investment in the last 12 months and 68% have led a round. ### Which stages do telecoms investors in Benelux back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (23%) and Seed (23%). ### How big are the rounds telecoms investors in Benelux join? The typical (median) round among the leading investors here is $9.8M. ### Which sectors do telecoms investors in Benelux back most? In the last 12 months, mostly AI, Fintech and Biotech. ### Which telecoms investors in Benelux lead the most rounds? Accel (103 led), Spark Capital (26 led) and Y Combinator (11 led). ### Where are telecoms investors in Benelux based? Among the most active, most are based in the United States (7), the Netherlands (7) and Germany (2). ### What have telecoms investors in Benelux invested in recently? Recent rounds include Thinking Machines Lab (Other, Nov 2026, with Accel), Return (Debt, Nov 2026, with Rabobank) and Quint Computing (Series A, Nov 2026, with Faber). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)