# Telecoms startup funding, September 2026: Open Cosmos's $346M Growth leads 13 rounds > We read 13 equity rounds in Telecoms announced in September 2026, raising $1.3B between them: 4% of all the rounds we read that month and 3% of the money. Source: https://millionrounds.com/news/monthly/2026-09/sector/telecom (Millionrounds; every figure on the page links to its filing or article) Equity rounds **13** in Telecoms, 13 with an amount Raised **$1.3B** across those rounds Lead named **85%** of rounds say who led Share of the month **4%** of rounds; 3% of the money ## The biggest rounds - [1 **Open Cosmos** Growth · United Kingdom · led by ETF Partners, Trill Impact **$346M**](https://millionrounds.com/company/open-cosmos) - [2 **telMAX** Growth · Canada · led by Hamilton Lane **$215M**](https://millionrounds.com/company/telmax) - [3 C **Cornelis** Series C · United States · led by IAG Capital Partners **$205M**](https://millionrounds.com/company/cornelis) - [4 **Hubble Network** Series C · United States · led by Smith Point Capital **$200M**](https://millionrounds.com/company/hubble-network) - [5 **iPronics** Series B · Spain · led by Maverick Silicon, Light Street Capital **$125M**](https://millionrounds.com/company/ipronics) - [6 **Delos Data** Series A · United States **$100M**](https://millionrounds.com/company/delos-data) - [7 H **Huskeys** Series A · United States · led by Blackstone Innovations Investments **$27M**](https://millionrounds.com/company/huskeys) - [8 **TUSK IC** Series A · Belgium · led by Matterwave Ventures **$17M**](https://millionrounds.com/company/tusk-ic) - [9 **TERASi** Seed · Sweden · led by NATO Innovation Fund (NIF), Join Capital **$13M**](https://millionrounds.com/company/terasi) - [10 **Laki Power** Series A · Iceland · led by NATO Innovation Fund (NIF) **$6.9M**](https://millionrounds.com/company/laki-power) ## Day by day Equity rounds in Telecoms announced each day of September. The busiest day was 2 September, with 3. 1 September 30 September ## By stage, against the year Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors. [Seed](https://millionrounds.com/benchmarks/seed) *4* **$3.1M** this month **$5.5M** 12 months, all sectors [Series A](https://millionrounds.com/benchmarks/series-a) *4* **$22M** this month **$20M** 12 months, all sectors [Series B](https://millionrounds.com/benchmarks/series-b) *1* **$125M** this month **$50M** 12 months, all sectors [Series C](https://millionrounds.com/benchmarks/series-c) *2* **$203M** this month **$100M** 12 months, all sectors [Growth](https://millionrounds.com/benchmarks/growth) *2* **$281M** this month **$113M** 12 months, all sectors ## The most active leads Firms that led two or more of the month's rounds in Telecoms. - [**NATO Innovation Fund (NIF)** Laki Power, TERASi *2 led*](https://millionrounds.com/fund/nato-innovation-fund) ## Where - [United States](https://millionrounds.com/news/monthly/2026-09/united-states) **4** - [United Kingdom](https://millionrounds.com/news/monthly/2026-09/united-kingdom) **2** - Spain **1** - [France](https://millionrounds.com/news/monthly/2026-09/france) **1** - Belgium **1** - Iceland **1** - New Zealand **1** - Sweden **1** United States had the most Telecoms rounds this month. ## Against the month - Rounds, Telecoms **13** - Rounds, all sectors **357** - Raised, Telecoms **$1.3B** - Raised, all sectors **$39B** [The whole of September 2026](https://millionrounds.com/news/monthly/2026-09) ## Other sectors in September [195 rounds **AI** *→*](https://millionrounds.com/news/monthly/2026-09/sector/ai)[51 rounds **Fintech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/fintech)[39 rounds **Healthcare** *→*](https://millionrounds.com/news/monthly/2026-09/sector/healthcare)[30 rounds **Big Data & Analytics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/big-data)[27 rounds **Biotech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/biotech)[25 rounds **Robotics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/robotics)[24 rounds **Cybersecurity** *→*](https://millionrounds.com/news/monthly/2026-09/sector/cybersecurity)[23 rounds **Hardware & Electronics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/hardware)[22 rounds **Enterprise Software** *→*](https://millionrounds.com/news/monthly/2026-09/sector/enterprise-software)[21 rounds **Software** *→*](https://millionrounds.com/news/monthly/2026-09/sector/software)[21 rounds **Energy** *→*](https://millionrounds.com/news/monthly/2026-09/sector/energy)[21 rounds **Construction** *→*](https://millionrounds.com/news/monthly/2026-09/sector/construction)[20 rounds **Healthtech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/healthtech)[20 rounds **SaaS** *→*](https://millionrounds.com/news/monthly/2026-09/sector/saas)[19 rounds **Logistics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/logistics)[17 rounds **Manufacturing** *→*](https://millionrounds.com/news/monthly/2026-09/sector/manufacturing)[16 rounds **Cleantech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/cleantech)[14 rounds **Aerospace & Space** *→*](https://millionrounds.com/news/monthly/2026-09/sector/aerospace)[14 rounds **Defence Tech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/defensetech)[13 rounds **Semiconductors** *→*](https://millionrounds.com/news/monthly/2026-09/sector/semiconductors)[13 rounds **Climate Tech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/climate)[11 rounds **Automotive & EVs** *→*](https://millionrounds.com/news/monthly/2026-09/sector/automotive)[10 rounds **Cloud** *→*](https://millionrounds.com/news/monthly/2026-09/sector/cloud) **How this roundup is made** It is written from the rounds we read that month in named articles and filings, by the sectors we file each company under; a company can sit in more than one, so sector roundups overlap. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each sector with 10 or more equity rounds in a month gets its own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)