# Telecoms lead investors (2026 list)

> 116 telecoms lead investors, 92% active in the last 12 months. Led by Andreessen Horowitz, New Enterprise Associates, Lightspeed Venture Partners.

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

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

# Telecoms lead investors

Updated 7 November 2026

Firms we have watched lead a round raised by a telecoms company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled.

[See all 116 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Ftelecom-lead-investors)The top 25

**116** investors on the list *+3* this week

**2,183** cheques in 12 months *+9%* against the market

**$21M** median round they joined *+166%* against the market median

**92%** wrote a cheque in 12 months

**100%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen
- 2 [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
- 3 [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
- 4 [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
- 5 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen
- 6 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen
- 7 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) *Deploying now* VC firm · United States **658** **$32M** median round **Nov 2026** last seen
- 8 [Greycroft](https://millionrounds.com/fund/greycroft) *Deploying now* VC firm · United States **655** **$13M** median round **Nov 2026** last seen
- 9 [Canaan](https://millionrounds.com/fund/canaan-partners) *Deploying now* VC firm · United States **610** **$20M** median round **Oct 2026** last seen
- 10 [CRV](https://millionrounds.com/fund/crv) *Deploying now* VC firm · United States **588** **$20M** median round **Oct 2026** last seen
- 11 [DFJ](https://millionrounds.com/fund/dfj) *Deploying now* VC firm · United States **526** **$52M** median round **Nov 2026** last seen
- 12 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) *Deploying now* VC firm · United States **524** **$27M** median round **Nov 2026** last seen
- 13 [Spark Capital](https://millionrounds.com/fund/spark-capital) *Deploying now* VC firm · United States **471** **$40M** median round **Oct 2026** last seen
- 14 [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) *Deploying now* VC firm · United States **407** **$17M** median round **Nov 2026** last seen
- 15 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 2026** last seen
- 16 [Summit Partners](https://millionrounds.com/fund/summit-partners) *Deploying now* Private equity · United States **356** **$81M** median round **Oct 2026** last seen
- 17 [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) *Deploying now* VC firm · United Kingdom **355** **$10M** median round **Oct 2026** last seen
- 18 [Speedinvest](https://millionrounds.com/fund/speedinvest) *Deploying now* VC firm · Austria **345** **$6.7M** median round **Nov 2026** last seen
- 19 [IVP](https://millionrounds.com/fund/ivp) *Deploying now* VC firm · United States **287** **$100M** median round **Oct 2026** last seen
- 20 [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) *Deploying now* Family office **240** **$50M** median round **Oct 2026** last seen
- 21 [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) *Deploying now* VC firm · United States **225** **$20M** median round **Oct 2026** last seen
- 22 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen
- 23 [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) *Deploying now* VC firm · United States **205** **$60M** median round **Oct 2026** last seen
- 24 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) *Deploying now* Private equity · United States **198** **$64M** median round **Nov 2026** last seen
- 25 [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) *Deploying now* VC firm · New Zealand **179** **$2.4M** median round **Oct 2026** last seen

**91 more on this list**

All 116 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-lead-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [Greycroft](https://millionrounds.com/fund/greycroft)
- **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Fidelity](https://millionrounds.com/fund/fidelity)
- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton)
- **5** Nov **[Telarus](https://millionrounds.com/company/telarus)** Round *Led by* [Snowhawk Partners](https://millionrounds.com/fund/snowhawk-partners)
- **5** Nov **[Cosmoserve Space](https://millionrounds.com/company/cosmoserve-space)** Seed · $6M *With* [AUM Ventures](https://millionrounds.com/fund/aum-ventures)
- **5** Nov **[Kalepa](https://millionrounds.com/company/kalepa)** Series B · $75M *Led by* [Updata Partners](https://millionrounds.com/fund/updata-partners)

## Stages This Year

1,822 rounds

- Series A **18%**
- Seed **17%**
- Venture **12%**
- Series B **11%**
- Series C **8%**
- Other **34%**

## What They Backed

Sectors, last 12 months

- AI **893**
- Fintech **140**
- Big Data & Analytics **137**
- Healthcare **110**
- Biotech **97**
- Cybersecurity **82**

## Cheques by Quarter

Led Joined

475 Q1 25

511 Q2 25

579 Q3 25

641 Q4 25

639 Q1 26

595 Q2 26

508 Q3 26

191 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI lead investors 1,723](https://millionrounds.com/lists/ai-lead-investors)
- [Lead investors in United States 1,370](https://millionrounds.com/lists/lead-investors-in-united-states)
- [Seed lead investors 1,091](https://millionrounds.com/lists/seed-lead-investors)
- [Series A lead investors 920](https://millionrounds.com/lists/series-a-lead-investors)
- [Fintech lead investors 763](https://millionrounds.com/lists/fintech-lead-investors)
- [Series B lead investors 579](https://millionrounds.com/lists/series-b-lead-investors)
- [Growth lead investors 555](https://millionrounds.com/lists/growth-lead-investors)
- [Robotics lead investors 397](https://millionrounds.com/lists/robotics-lead-investors)
- [Pre-seed lead investors 396](https://millionrounds.com/lists/pre-seed-lead-investors)

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

## Quick answers about telecoms lead investors

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

By cheques observed, the most active are Andreessen Horowitz, New Enterprise Associates, Lightspeed Venture Partners, Bessemer Venture Partners and Insight Partners.

### How many telecoms lead investors are there?

116 are on record. 92% made an investment in the last 12 months and 100% have led a round.

### Which stages do telecoms lead investors back?

Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (22%).

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

The typical (median) round among the leading investors here is $30M.

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

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

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

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

### Where are telecoms lead investors based?

Among the most active, most are based in the United States (19), the United Kingdom (2) and Austria (1).

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

Recent rounds include Ocient (Series C, Nov 2026, with Greycroft), Harbinger (Series D+, Nov 2026, with Fidelity) and Soter Insure (Series B, Nov 2026, with Franklin Templeton).

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