The wireless communication equipment industry in Europe involves companies that design, manufacture, and sell devices essential for mobile and internet connectivity. This includes everything from smartphones and antennas to infrastructure for 5G networks and IoT applications. As technology evolves, the industry is increasingly focused on enhancing data rates, reducing latency, and expanding coverage. Innovations like advanced wireless protocols and increased investment in 5G promise significant growth and expansion. Additionally, sustainability is becoming a key consideration, with firms striving to produce more energy-efficient technologies. Overall, the sector is poised for rapid advancement as consumer demand for more seamless connectivity increases.


The list features a mix of investors from various backgrounds, including corporate entities, private equity firms, and venture capitalists. They are primarily based in European cities such as London, Stockholm, and Paris, with a sizable presence in Luxembourg and Brussels as well. With firm sizes ranging from small teams to large organizations, these investors made varying numbers of deals in 2024, showcasing their distinct strategies in the wireless communication equipment sector. Noteworthy are the European Investment Bank's numerous investments alongside BGF’s strong involvement, reflecting a vibrant ecosystem driving innovation in wireless technology.


Top 15 Wireless Communication Equipment Investors in Europe


1. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital investor based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through various services, including direct funding and private equity investments. Notably, Bpifrance has been involved in several key transactions in the wireless communication equipment sector, such as its investments in Sigfox, a prominent IoT connectivity provider, where it participated in multiple funding rounds (Series D, E) to help expand Sigfox's global network. Additionally, Bpifrance managed the Defence Innovation Fund, which invested in Greenerwave, a deeptech company, further showcasing its commitment to supporting innovative technology ventures. Through these activities, Bpifrance aims to foster entrepreneurship and innovation, particularly in the technology and communication sectors.


2. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in diverse sectors. Notably, the EIC has been involved in funding transactions relevant to the wireless communication equipment industry, such as Oledcomm, which raised $2,998,774 in a grant and an undisclosed amount in a venture round, and Tessares, which also received funding through grants and venture rounds. These transactions highlight the EIC's active role in supporting companies that are innovating in wireless communication technologies.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In 2024, the EIB was involved in 99 investments, showcasing its active role in financing initiatives that promote growth and job creation. Notably, the EIB has engaged in significant transactions within the wireless communication equipment sector, including a $455.2 million funding deal with Ericsson in December 2023 and a $584 million debt raise for Nokia in August 2018. Additionally, the EIB signed a €315 million agreement with Cellnex Telecom in July 2023 to finance the expansion of 5G infrastructure across Europe. These transactions highlight the EIB's commitment to supporting advancements in wireless communication technology.


4. Seraphim Space

  • Website: seraphim.vc
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: seraphim-capital

Seraphim Space is a London-based venture capital firm founded in 2016, specializing in SpaceTech. They provide funding and support to startups in the space technology sector through various investment funds and an accelerator program. Notably, Seraphim Space has participated in significant transactions relevant to wireless communication equipment, such as their investment in Skylo Technologies, a non-terrestrial network service provider that aims to enhance connectivity for smartphones and IoT devices. Additionally, they have invested in Hubble Network, which is launching satellites that could potentially support wireless communication infrastructure. These transactions highlight Seraphim Space's involvement in the wireless communication sector, alongside their primary focus on space technology.


5. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among its notable transactions, Almi has invested in several companies within the wireless communication equipment sector, including Maven Wireless, which raised approximately $1.97 million in 2018, and Sweratel, which secured funding in 2014. Additionally, Almi participated in funding rounds for BeammWave, InCoax Network Europe, and LumenRadio, further demonstrating its engagement in the wireless communication space.


6. Liberty Global

  • Website: libertyglobal.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2005
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: liberty-global

Liberty Global Ltd. is a telecommunications company based in London, England, that provides a wide range of services including gigabit broadband, 5G mobile services, and entertainment platforms. Founded in 2005, the company operates across multiple European countries, leveraging its extensive network infrastructure to serve both consumers and businesses. Liberty Global has made several notable investments in the wireless communication equipment space, including a $50 million investment in Kymeta during its Series C funding round in 2013, which focuses on satellite communications technology. They also invested $30 million in Tarana Wireless in 2020, a company known for its innovative wireless broadband solutions. Furthermore, Liberty Global participated in the Series D funding round for Helium Inc. (now Nova Labs), which is involved in decentralized wireless networks. These transactions highlight Liberty Global's active role in advancing wireless communication technologies.


7. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a diverse range of investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the telecommunications sector, acquiring companies such as Zayo for $14.3 billion, Deutsche Glasfaser for approximately $2.73 billion, and Segra, which further emphasizes their commitment to enhancing communication infrastructure. These transactions highlight EQT's strategic focus on supporting growth and innovation within the wireless communication equipment industry, making them a key player in this space.


8. 3i Group plc

  • Website: 3i.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1945
  • Headcount: 201-500
  • Number of deals in 2024: 3
  • LinkedIn: 3i-group-plc

3i Group plc is a London-based private equity firm founded in 1945, specializing in private equity and infrastructure investments. The firm focuses on providing capital and expertise to mid-market companies, helping them grow sustainably. With a strong international presence and a diverse portfolio, 3i Group aims to create value for its stakeholders through strategic investments. Notably, 3i Group has been involved in several key transactions in the wireless communication equipment sector, including an $8 million investment in Sonim Technologies in 2006, an $8 million investment in Fractus SA in 2002, and a $40 million investment in Icera in 2007. Additionally, their acquisition of Wireless Infrastructure Group for approximately $421 million in 2016 highlights their commitment to the wireless industry. They also invested $18 million in Nujira in 2008, further solidifying their presence in the wireless communication space.


9. Amadeus Capital Partners


Amadeus Capital Partners is a venture capital firm based in London, England, founded in 1997. The firm specializes in investing in technology companies across diverse sectors, including AI, Cyber Security, and FinTech. Notably, Amadeus has made significant investments in the wireless communication equipment sector, including funding for Cambridge Broadband Networks, which focuses on broadband wireless solutions. Additionally, they have invested in CSR, a company known for its contributions to wireless technology. With a total of 7 investments in 2024, Amadeus Capital Partners continues to provide funding and strategic support to help startups and growth-stage companies scale their operations and bring innovative technologies to market, including those in the wireless communication space.


10. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited is a venture capital firm based in London, England, founded in 2011. The firm specializes in providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market through minority investments and extensive support services. Notably, BGF has invested in several companies relevant to the wireless communication equipment sector, including Sub10 Systems, which raised $4,001,786 in a venture round in 2013, and Forefront RF, which raised significant funding in 2024 and 2023 to capitalize on industry trends. Additionally, BGF's investment in Calnex Solutions and Bigblu Broadband plc further demonstrates its involvement in the wireless communication space, making it a key player in supporting the growth of businesses in this industry.


11. Apax

  • Website: apax.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1981
  • Headcount: 201-500
  • Number of deals in 2024: 8
  • LinkedIn: apax-partners

Apax Partners LLP is a private equity firm based in London, England, founded in 1981. The firm specializes in managing investments across various sectors, including technology, internet/consumer, healthcare, and services. Apax collaborates with management teams of high-potential companies to drive growth and innovation. Notably, Apax has made significant investments in the wireless communication equipment sector, including the acquisition of Salt Mobile, a telecommunications provider, and the investment in Melita Plc, a leading telecommunications operator in Malta. Additionally, Apax has invested in companies like Sonim Technologies and pSemi, which are involved in wireless technology, showcasing their commitment to enhancing capital through strategic investments in the telecommunications industry.


12. Scottish Enterprise


Scottish Enterprise is a public entity established in 1991, dedicated to fostering economic development in Scotland. With a workforce of 1001-5000 employees, it provides a variety of services, including funding, business development advice, and support for innovation and exports. In recent years, Scottish Enterprise has been involved in several significant transactions in the wireless communication equipment sector, particularly with pureLiFi, a company based in Edinburgh that specializes in light communication technology. Notably, they participated in pureLiFi's Series B funding round, which raised $18 million, and have also contributed to earlier funding rounds, including a $11.5 million debt financing and a $305,136 debt financing. These investments highlight Scottish Enterprise's role in supporting the growth of innovative wireless communication technologies, thereby enhancing Scotland's economic landscape.


13. Swisscom Ventures


Swisscom Ventures is a Zurich-based venture capital firm founded in 2007, focusing on high-potential technology startups. With a team size of 11-50, they provide not only financial support but also strategic advisory services to help startups access technical infrastructure and market channels. Swisscom Ventures has a diverse investment portfolio, including sectors like AI and Fintech, but they have also made significant contributions to the wireless communication equipment industry. Their notable transactions include investments in Kumu Networks, which focuses on wireless technology, AccelerComm, known for its advancements in communication technology, Sequans Communications, a leader in 4G and 5G solutions, and Actility, a provider of IoT network solutions. These investments demonstrate Swisscom Ventures' commitment to empowering innovative companies in the wireless communication space, making them a relevant player in this sector.


14. ASSA ABLOY Group

  • Website: assaabloy.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: assaabloy

ASSA ABLOY Group, founded in 1994 and headquartered in Stockholm, Sweden, is a leading provider of security solutions specializing in locks, doors, gates, and entrance automation. With a workforce of over 10,000 employees, the company has established itself as a leader in the security industry through innovation and a diverse product portfolio. In 2024, ASSA ABLOY Group has been active in expanding its capabilities in the wireless communication equipment sector. Notably, they announced the acquisition of Amecor, a South African manufacturer of security communication equipment, aimed at strengthening their market position in South Africa. This acquisition is expected to enhance their offerings in security solutions that incorporate wireless communication technologies. Additionally, their acquisition of Technology Solutions, a provider of mobile RFID readers, and ACURA, a Brazilian RFID provider, further illustrates their commitment to integrating wireless communication technologies into their security solutions. These strategic moves highlight ASSA ABLOY's focus on innovation and expansion within the wireless communication equipment industry.


15. Agoranov

  • Website: agoranov.com
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 42
  • LinkedIn: agoranov

Agoranov is a startup incubator based in Paris, Île-De-France, France, founded in 2000. They specialize in supporting technology and science startups through personalized assistance, fully equipped facilities, and acceleration programs. In 2024 alone, Agoranov has made 42 investments, showcasing their active role in nurturing early-stage startups. Among their notable transactions, they have invested in UCOPIA Communications, a company that operates in the wireless communication sector, indicating their engagement with relevant technologies. Other transactions include support for startups like Cailabs and Skynopy, which may also intersect with communication technologies, although the specifics of those companies' focuses are less clear.



Wireless Communication Equipment Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
Seraphim SpaceLondon, England, United Kingdom (UK)11-50201627
AlmiStockholm, Stockholm, Sweden201-50019947
Liberty GlobalLondon, England, United Kingdom (UK)10001+20057
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
3i Group plcLondon, England, United Kingdom (UK)201-50019453
Amadeus Capital PartnersLondon, England, United Kingdom (UK)11-5019977
BgfLondon, England, United Kingdom (UK)51-200201153
ApaxLondon, England, United Kingdom (UK)201-50019818
Scottish EnterpriseGlasgow, Scotland, United Kingdom (UK)1001-5000199155
Swisscom VenturesZurich, Zurich, Switzerland11-5020074
ASSA ABLOY GroupStockholm, Stockholm, Sweden10001+199421
AgoranovParis, Île-De-France, France11-50200042


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