How many total IoT Services companies are there in Europe?

As of May 2026, Europe has 3356 active IoT Services companies.

How many IoT Services companies in Europe are funded?

As of May 2026, 413 companies have received funding in this sector.

What is the total funding raised by IoT Services companies in Europe?

IoT Services companies in Europe have collectively raised $784M in funding till date.

Who are the top investors in IoT Services companies in Europe?

The top investors in IoT Services companies in Europe by number of investments are European Union and EIC Fund.

Which is the highest funded IoT Services company in Europe?

As of May 2026, Planet Smart City has raised $245M in funding, highest among the funded IoT Services companies in Europe.

List of 3,478 IoT Services Startups in Europe & Market Trends (May 2026)

Key facts about Breed Reply

Founded Year: 1996
Location: Turin (Italy)
Stage: Public
Total Funding till date: $24.3M
Investors: Scale Venture Partners, Outlook Ventures and 11 Others
Latest Funding Round: Grant (prize money), Jun 15, 2018, $*****
Tracxn Score: 67/100 What is this?
Competitors Rank: 21 of 117,160 Competitors

Provider of electrical and digital products and solutions for building infrastructures. They offer products and solutions for power, light, and data management. They provide their solutions to hotels, residential properties, offices, data centers, shopping centers, healthcare, and others.

Key facts about Legrand

Founded Year: 1860
Location: Limoges (France)
Stage: Public
Investors: European Union
Latest Funding Round: Grant (prize money), Jan 01, 2024, $*****
Tracxn Score: 58/100 What is this?

View full list of companies in this sector

3. M2M Services

Provider of alarm communication, IoT connectivity, and security system mobile applications. The company delivers universal communicators and interactive services to professional alarm companies. It offers devices for POTS line replacement, pre-programmed devices, and pre-activated cellular service. The company provides mobile applications for security system management.

Key facts about M2M Services

Founded Year: 2000
Location: Sofia (Bulgaria)
Stage: Unfunded
Tracxn Score: 55/100 What is this?

4. Arthur D Little

Provider of business strategy, digital transformation, and consulting services for various industries. Firm provides critical insight into industry challenges, accelerates performance, innovation through convergence and digital, and creates a positive impact.

Key facts about Arthur D Little

Founded Year: 1886
Location: Brussels (Belgium)
Stage: Public
Tracxn Score: 54/100 What is this?
Competitors Rank: 48 of 28,442 Competitors

5. Gewiss

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Key facts about Gewiss

Founded Year: 1997
Location: Italy
Stage: Unfunded
Tracxn Score: 53/100 What is this?

Access the full list of 3,478 IoT Services Startups in Europe

Companies founded year-on-year in the IoT Services sector in Europe

222 IoT Services startups in Europe were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2025	-
2024	4
2023	10
2022	36
2021	73
2020	164
2019	222
2018	172
2017	149
2016	106

Stage-wise distribution of IoT Services sector companies in Europe

Out of the total 3,478 IoT Services companies in Europe, 413 have secured funding. Among them, 165 have reached Series A or higher, and 154 to Series B or beyond.

Founded - 3,478

Funded - 413

Series A+ - 165

Series B+ - 154

Series C+ - 152

Company Stage	No. of companies
Founded	3,478
Funded	413
Series A+	165
Series B+	154
Series C+	152

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Total funding year-on-year in the IoT Services sector in Europe

The IoT Services sector in Europe saw a total funding of more than $703M in the last 10 years. The most amount of funding was in 2022 at more than $222M.

Total Funding

Year	Total Funding
2025	$3.68M
2024	$17.1M
2023	$44.2M
2022	$222M
2021	$130M
2020	$70M
2019	$49.4M
2018	$101M
2017	$43.6M

Recent Funding Rounds in IoT Services in Europe

In the year 2025, till June 2025, IoT Services companies in Europe have raised $3.68M in equity funding across 2 rounds. In the same period last year (i.e. till June 2024), IoT Services companies in Europe had raised $10.1M across 4 rounds. So, 2025 has seen a 63.38% drop in funding in IoT Services companies in Europe as compared to 2024.

Here are some recent, important funding rounds in IoT Services companies in Europe:

Company	Round Raised	Amount Raised	Funding Date	Investors
Anzenwalls	Seed	5170	Jun 20, 2025	Green Angel Ventures and 4 more
Tyrrell Building Technologies	Seed	4348	Feb 18, 2025	River Capital
Hemla	Seed	3830	Oct 24, 2024	Flat Capital and 2 more
Luminous	Seed	8739	Jul 30, 2024	Mercia
vorteX.io	Seed	1712	Jun 10, 2024	Banque des Territoires and 3 more

See a more detailed list of funding rounds

European Union is the top investor in IoT Services companies in Europe based on number of companies invested.

Here are some top investors in IoT Services companies in Europe:

Investor	Location	Top Portfolio Companies
European Union	Brussels (Belgium)	Breed Reply, Legrand, Qamcom and Planet Smart City
EIC Fund	Brussels (Belgium)	Qamcom, Cumucore, Syswin Solutions and Elettronica GF
Bayerisches Landesportal	Munich (Germany)	Thuga SmartService
SETsquared	Bath (United Kingdom)	Cerberus, DST Innovations, Inventyourhome and Zoetrope Labs
Bind 4.0	Vitoria Gasteiz (Spain)	Embeblue, Sticker Control, ORETEK and Dateando

See a more detailed list of investors

In the year 2025, till July 2025, 5 acquisitions happened in IoT Services sector in Europe. Last year, in 2024, a total of 21 acquisitions happened in IoT Services sector in Europe.

Here are some recent, important acquisitions in IoT Services sector in Europe:

Company	Acquisition Type	Acquisition Date	Acquirers
Autoware	Business Acquisition	Jul 25, 2025	Coesia
Embeteco	Business Acquisition	Jun 02, 2025	ignite-group.com
Volupe	Business Acquisition	May 13, 2025	Priveq
Chipside	Business Acquisition	Mar 27, 2025	Unity5
Germanedge	Business Acquisition	Feb 28, 2025	Aptean

See a more detailed list of acquisitions

Acquisition trends in IoT Services sector in Europe

Here are the acquisition trends in IoT Services sector in Europe:

Total Number of Acquisitions

Year	No. of companies
2025	5
2024	21
2023	15
2022	18
2021	12
2020	14
2019	10
2018	6
2017	8
2016	5

In the year 2023, till December 2023, 2 IPOs happened in IoT Services sector in Europe.

Here are some recent, important IPOs in IoT Services sector in Europe:

Company	IPO Date	Exchange Symbol
Unidata	Dec 22, 2023	Frankfurt Stock Exchange (FRA)
OLIDATA	Apr 06, 2023	Euronext Exchange (Euronext)
Digital Workforce	Dec 03, 2021	Nasdaq First North (FIRST NORTH NORWAY)
Allterco	Nov 22, 2021	Frankfurt Stock Exchange (FRA)
Arthur D Little	Jul 15, 2021	Euronext Exchange (Euronext)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the IoT Services in Europe

Most number of IoT Services startups in Europe have been founded by alumni from University of Bristol, Columbia University and INSEAD.

College	No. of companies
University of Bristol	3
Columbia University	2
INSEAD	2
Columbia Business School	1
Cornell University	1
Harvard Business School	1
Harvard University	1
IIT Kharagpur	1
Imperial College London	1
London Business School (LBS)	1