About KPN Ventures
KPN Ventures is a venture capital firm founded in 2015. It is primarily based out of Rotterdam, Netherlands. As of Jun 2025, KPN Ventures has invested in 32 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and HealthTech. Most recently it participated in the $***** Series C round of ElevenLabs Overall, KPN Ventures portfolio has seen 2 unicorns, 1 IPO and 10 acquisitions including key companies like ElevenLabs, Airalo and Actility. A lot of funds co-invest with KPN Ventures, with names like Telefonica sharing a substantial percentage of its portfolio. KPN Ventures has team of 3 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
KPN Ventures' List of Top Investments
KPN Ventures has a portfolio of 32 companies, including 2 unicorns. Their most notable investments are in Uw Zorg online and CardioSecur.Their portfolio spans across Netherlands, United States, Belgium and 7 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 17 other sectors, across stages such as Series A, Series B and 4 more. Here is the list of top investments by KPN Ventures:
1. ElevenLabs
AI platform for speech, voice cloning, music, and AI agents. It provides tools for creating realistic speech, converting text to natural-sounding audio, cloning voices, generating music and sound effects, and building conversational AI agents. It serves developers, enterprises, and creators through APIs and integrated products designed for applications such as content production, customer support automation, media localization, and interactive AI experiences.
Key facts about ElevenLabs
- Founded Year: 2022
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $822M
- Employee Count: 1,313 as on Aug 31, 2026
- Investors: Sapphire Ventures, Salesforce Ventures and 53 Others
- Latest Funding Round: Series D, Jun 17, 2026, $*****
- Highlight: Editors' Pick
2. Airalo
Operator of eSIM stores intended to provide connectivity to travellers. It allows users to select local, regional, or global prepaid eSIM plans for mobile data, calls, and text services. It is available on both Android and iOS devices.
Key facts about Airalo
- Founded Year: 2019
- Location: Delaware (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $287M
- Employee Count: 406 as on Sep 30, 2026
- Investors: Liberty Global, Orange and 20 Others
- Latest Funding Round: Series C, Jul 10, 2025, $*****
- Highlight: Editors' Pick
3. Actility
Provider of IoT platform for LPWAN networks and device management. The platform supports LoRaWAN, cellular, and satellite technologies, offering device integration, open standard APIs, and administration interfaces. It delivers solutions for smart industries, agriculture, cities, energy, logistics, and buildings. The platform offers deployment flexibility, monitoring, geo-redundancy, and continuous upgrades.
Key facts about Actility
- Founded Year: 2010
- Location: Paris (France)
- Stage: Acquired
- Total Funding till date: $122M
- Employee Count: 101 as on Sep 30, 2026
- Investors: BNP Paribas, Foxconn Electronics and 17 Others
- Latest Funding Round: Series D, Dec 07, 2023, $*****
- Highlight: Acquired
4. Cequence
Cloud based platform offering API security solutions. The platform solutions enable developers and testers in discovering the vulnerability issues with APIs and perform remedial actions on the risks generated. It works by identifying and tracking multiple APIs irrespective of the location and generating vulnerability insights into them for defending the API attacks. It supports multiple integrations.
Key facts about Cequence
- Founded Year: 2014
- Location: Sunnyvale (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $100M
- Employee Count: 154 as on Aug 31, 2026
- Investors: Icon Ventures, HarbourVest Partners and 15 Others
- Latest Funding Round: Series C, Apr 19, 2023, $*****
- Highlight: Editors' Pick
5. Wirepas
Provider of wireless connectivity software for industrial and commercial IoT deployments. This software offers infinitely scalable and ultra-reliable mesh networking solutions. The system is self-organizing, creating its own infrastructure to minimize total cost of ownership. It supports various node types, including low-latency, low-energy, mains-powered, and battery-powered devices. The technology is proven in millions of devices globally.
Key facts about Wirepas
- Founded Year: 2010
- Location: Tampere (Finland)
- Annual Revenue: €1M - €10M as on Dec 31, 2025
- Stage: Series D
- Total Funding till date: $74.9M
- Employee Count: 89 as on Sep 30, 2026
- Investors: Highland Europe, European Investment Bank and 11 Others
- Latest Funding Round: Venture Debt, Jun 09, 2026, $*****
- Highlight: Editors' Pick
KPN Ventures' Year-on-Year Investment Trends
KPN Ventures has invested in 32 companies over the last 10 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in ElevenLabs and most recent follow-on round was in BOX ID.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 2 | 1 | 3 |
2023 | 2 | 2 | 4 |
2022 | 5 | 2 | 7 |
2021 | 0 | 0 | 0 |
2020 | 2 | 2 | 4 |
2019 | 3 | 2 | 5 |
2018 | 5 | 0 | 5 |
2017 | 4 | 1 | 5 |
KPN Ventures' Investments by Stage
KPN Ventures has made 8 investments in Series A stage with an average round size of $5.92M, 8 investments in Series B stage with an average round size of $24.9M and 6 investments in Seed stage with an average round size of $2.88M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Series B | 8 |
Seed | 6 |
Series C | 5 |
Conventional Debt | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
KPN Ventures' Investments by Sector
KPN Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Internet of Things - Industry Applications and Business Services. Notably, it has invested in 29 Tech companies, 25 Enterprise (B2B) companies, 25 Software companies and at least 19 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 19 |
Enterprise Infrastructure | 9 |
High Tech | 9 |
Internet of Things - Industry Applications | 4 |
Business Services | 3 |
Others | 26 |
Note: We have considered here, only first round of investments
KPN Ventures' Investments by Geography
KPN Ventures has made most investments in United States (7), followed by Netherlands where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 7 |
Netherlands | 6 |
Belgium | 4 |
Germany | 4 |
France | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
KPN Ventures' recent investments
KPN Ventures has not made any investment in 2026 so far.Here are the most recent investments by KPN Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 18, 2025 | United States | Series C | 9883 | - | |
May 14, 2025 | United States | Series A | 6601 | [+7] | |
Oct 08, 2024 | United Kingdom | Series B | 3445 | [+3] | |
Feb 01, 2024 | Germany | Series A | 1946 | [+5] | |
Jan 17, 2024 | Canada | Series B | 2647 | [+4] |
Unicorns in KPN Ventures' Portfolio
KPN Ventures has 2 unicorns in its portfolio - Airalo and ElevenLabs. The most recent unicorn in their portfolio is Airalo. It became a unicorn in 2025, 1 years after KPN Ventures first invested in it.Here is a list of unicorns in KPN Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Operator of eSIM stores intended to provide connectivity to travellers | 2019 | Delaware | Series C | yqzzx{d | ||
85 | AI platform for speech, voice cloning, music, and AI agents | 2022 | New York City | Series D | gcojvf{ |
IPOs and Publicly Listed companies in KPN Ventures' Portfolio
1 of KPN Ventures' portfolio company became public - Viloc.Here are KPN Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Nov 15, 2016 | Series A | 3225 |
Acquired companies in KPN Ventures' Portfolio
10 companies from KPN Ventures' portfolio have been acquired. The most recent acquisition was Actility in Jan 2026 by Netmore Group for $*****.Here are KPN Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 26, 2026 | Apr 11, 2017 | Series D | 8296 | |
Sep 23, 2025 | Dec 06, 2022 | Series B | 4143 | |
Aug 07, 2023 | - | - | 3681 | |
Jun 07, 2023 | Jun 06, 2019 | Series B | 4989 | |
Jan 26, 2023 | Dec 14, 2018 | Series A | 3787 |
Team profile of KPN Ventures
KPN Ventures has a team of 3 members located in Netherlands. KPN Ventures' team does not sit on the board of any company as of now.Co-investors of KPN Ventures
Over the past 10 years, 248 investors have co-invested in KPN Ventures's portfolio companies. This includes funds and angels.
- Invested before KPN Ventures: Europa, Mike Krieger and 141 others have invested in rounds before KPN Ventures. There are 5 companies where Europa has invested before KPN Ventures and 2 companies where Mike Krieger has invested before KPN Ventures.
- Top Co-investors of KPN Ventures: 54 investors entered a company along with KPN Ventures. These include investors like Telefonica (2 companies).
- Invested after KPN Ventures: A total of 51 investors have invested in KPN Ventures's portfolio after their investments. Top Investors include Europa (5 companies), EIC Fund (3 companies) and European Investment Bank (2 companies).
Recent News related to KPN Ventures
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KPN Ventures Invests in ElevenLabs, Partnership to Bring Speech Tech to KPN CustomersEuropaWire•Jun 18, 2025•ElevenLabs, KPN Ventures
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Openlayer raises $14.5M Series A to scale AI governance platform
LatamList•May 17, 2025•Openlayer, Race Capital, NXTP Ventures, Mindset Ventures and 5 others
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Openlayer Raises $14.5 Million Series A to Help Enterprises Scale AI with ConfidenceTMC•May 14, 2025•Openlayer, Race Capital, NXTP Ventures, KPN Ventures and 4 others
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Perlego raises $20M to scale up its edtech with AITech.eu•Oct 08, 2024•Perlego, ITHAKA, Jstor, Mediahuis and 3 others
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Box ID receives 3.5 million euros in a financing round for the expansion of his supply chain visibility platformPresseradar•Feb 01, 2024•BOX ID, KPN Ventures, HTGF, Bayern Kapital and 2 others
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CloudTalk AI-Powered Voice Communication Company Raises $28 MillionPulse 2.0•Jan 22, 2024•CloudTalk, KPN Ventures, Lead Ventures, Point Nine and 3 others
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KPN Ventures and Lead Ventures Invest in CloudTalkDutchitchannel•Jan 18, 2024•CloudTalk, KPN Ventures, Lead Ventures, Point Nine and 5 others
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Swedish startup Minut bags €4.6MSilicon Canals•Dec 11, 2023•Minut, Smedvig Capital, Almaz Capital, Zenith Group and 5 others
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Wirepas Raises $22M in FundingFinSMEs•Oct 31, 2023•Wirepas, Highland Europe, Amalfi Capital Management, In-Q-Tel and 6 others
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Airalo’s $60 Million Series B Financing RoundGlobal Legal Chronicle•Aug 09, 2023•Jones Day, Orange, Airalo, e& and 18 others
