Best Telecom Companies in Belgium
The 128 best Telecom companies in Belgium in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Voxbone.
Belgium's Telecom startup scene fits inside a single, telling number: 128 companies tracked, $128M in total disclosed funding, and not one unicorn in sight. If you're looking for the best-funded Telecom companies in Belgium, ranked by equity raised and recent momentum, that's exactly what this directory surfaces. Voxbone leads the pack at $38M, Pharrowtech follows at $28M, and Riaktr sits at $13M — three names that together account for the bulk of the capital deployed here. The global telecom market is tracking toward $37.8B in 2025 at a 6.8% CAGR, which makes Belgium's comparatively modest funding pool worth reading carefully. Scale elsewhere is enormous; the opportunity here is specific.
What's genuinely moving? Coverage growth is flat, but satellite telecoms, LEO communication satellites, and private network buildouts are pulling real attention from investors like Gimv and BIP Investment Partners. App-layer momentum backs that shift, with median install growth running at roughly +16% YoY across telecom apps. I'd also note that Red Balloon Aerospace's super-pressure balloon comms push signals how seriously non-traditional players are eyeing the gaps that terrestrial infrastructure still leaves open. Belgium's funded companies are small by global standards, but they're positioned in exactly the technical niches that hyperscaler encroachment hasn't swallowed yet.
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Our analysis of 100 Telecom companies
$83.4b in tracked funding; 91% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Telecom companies in Belgium
| # | Company | Last round | Disclosed funding | Employees | Founder | Tech stack | Web popularity | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 3starsnet Cloud-based VoIP telephony services provider in Belgium | — | — | 10 | — | PHPDebianApache HTTP Server+3 | Top 50M | — | — |
| 2 | Aanbieders.be Provider of telecom and mobile communication services | — | — | — | Charles Dekkers Owner | Cart FunctionalityWordPressSentry+34 | Top 5M | — | — |
| 3 | Acuragate Network security solutions provider | — | — | — | Dirk Laurijssen Co-Founder | — | — | — | — |
| 4 | Alcadon Provider of fiber, copper, and components for various industries | — | — | 7 | — | Google MapsBootstrapMicrosoft ASP.NET+19 | Top 50M | — | — |
| 5 | ALLOcloud Provider of business phone systems and VoIP phone systems | — | — | 39 | — | DrupalPHPZURB Foundation+16 | Top 50M | — | — |
| 6 | Amadys Provider of energy, water, gas and telecom infrastructure services | — | — | 8 | Hein Wilderjans CEO | OXID eShop Community EditionPHPApache HTTP Server+4 | Top 50M | — | — |
| 7 | Avaya Belgium Provider of internet protocol and mobile communications services. | — | — | 47 | — | — | — | — | — |
| 8 | AWSystems Provider of radio remote control services | — | — | 1 | Luc Coppens Owner | — | — | — | — |
Top 12 Telecom companies in Belgium
#1
Series A · Leuven, Flemish Region · founded 2018 · 20 employees$28.1Mraised▾
Provides wireless broadband connectivity
- Jul 2024Grant (prize money)$2.7M
- Jul 2024Series A$5.4M
- May 2022Series A$15.8M
- Sep 2021Grant (prize money)—
#2
Series A · Leuven, Flemish Region · founded 2016 · 13 employees$2.9Mraised▾
Platform offering network and cloud orchestration solutions. It provides network and cloud orchestration solutions to the service providers, carriers, telecom operators, and enterprise customers. Its solutions include network orchestrator and cloud orchestrator. It help telecom service providers and network operators transform the operations, enhance agility, and deliver services to the customers.
- Jul 2024Series A$2.2M
- Oct 2018Seed$684K
#3
Series B · Antwerp, Flanders · founded 2013 · 15 employees$11.6Mraised▾
Accelleran provides software solutions for open 4G, 5G RAN. Its software is fully independent and portable. It can be used by Mobile Network Operators and Private Networks. The company is a provider of cloud-based virtualization software architectures to mobile telecom.
- Dec 2023Grant (prize money)$216.3K
- May 2021Series B$8.2M
- Jan 2021Grant (prize money)$544.2K
- Oct 2020Grant (prize money)$534.3K
#4
Acquired · Oostkamp, Flanders · founded 2006 · 62 employees$4.3Mraised▾
Operator of wireless internet services
- Jan 2024Grant (prize money)$1.1M
- Feb 2023Grant (prize money)$3.2M
#5
Acquired · Brussels, Brussels · founded 2005 · 156 employees$38Mraised▾
Voxbone provides users with voice services and telephone numbers in about 50 countries. Once the user selects a number, the calls, sms or fax are redirected to the users personal number from the selected number through the voxbone backbone service using the internet or through local network providers. Users can choose landline, mobile, and toll-free numbers through voxbone website or API. Also, users can also redirect services for a number that is on any other telecom provider network. Vitruvian Partners have acquired a majority stake of voxbone in August 2015.
- Oct 2014Series B$32M
- Jun 2013Series A$6M
#6
Acquired · Brussels, Brussels · founded 2009 · 26 employees$13.5Mraised▾
Riaktr offers investment planning and analytics software. Its products include Smart Capex which leverages analytics solutions to manage investments and provides insights to improve investment plans. It enables users to collect data from various sources, clean, process, cluster and visualize data to capture actionable insights. It also provides reporting and task management solutions. Clients include MTN and Johnson & Johnson.
- Jun 2016Series A$13.5M
- Conventional Debt$138.6K
#7
Acqui-Hired · Boortmeerbeek, Flanders · founded 2004 · 50 employees$10.4Mraised▾
High-speed internet access and entertainment solutions. The platform provides onboard broadband, multimedia, and connectivity solutions to railway companies. Its equipment includes an onboard cinema, personal touch screens, wi-fi needs rail-grade connectivity racks and components, and dual-system antennas. It provides these solutions by combining all the available backhaul systems with superior connectivity and services.
- Jan 2011Series C$10M
- Oct 2008Series A$384.6K
#8
Late Stage · Brussels, Brussels · founded 1999 · 1 employees$7.3Mraised▾
Provider of a platform designed to offer Voice over Internet Protocol (VoIP) and Internet Protocol (IP) messaging services. The company's platform offers technical expertise, delivers smart and simple Fixed-Mobile Unification (FMU), enabling telecoms industry to build the bridges between network and device.
#9
Deadpooled · Lochristi, Flemish Region · founded 2000$4.1Mraised▾
ORMvision provides operational relationship and business process management solutions for the telecom providers, operators, healthcare, and utilities customers. Its flagship product is ORMcenter, which manages and automates business processes and operational communication between different parties (operators and suppliers/customers), facilitating close monitoring of the processes. It can be used for SLA (service level agreement) management, management reports, financial audits and budgetary control. As of Oct'17, the company website is not working.
- Dec 2003Series A$1.8M
- Oct 2001Series A$1.8M
- May 2001Seed$437.1K
#10
Seed · Ghent, Flanders · founded 2017 · 8 employees$1.7Mraised▾
Provider of telecommunication services
- Jan 2020Seed$1.7M
- 2019Seed—
#11
Acqui-Hired · Wavre, Wallonia · founded 2004 · 21 employees$3.1Mraised▾
Escaux provides unified communication solution to the service providers, operators, and business customers. Lately, it has shifted focus on service providers as a target customer segment. Its solution is based on modular components and integrates with ant deployment architecture (on-premise, hybrid cloud, pure cloud). Its solution enables service providers to provide IP telephony, instant messaging, video calling, call center etc. It also provides tailor-made solutions for the SMEs with compatibility with hardware from multiple equipment vendors.
- Jun 2008Series A$3.1M
#12
Early Stage · Machelen, Flanders · founded 1997 · 11 employees$2.3Mraised▾
Business communication services provider
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Telecom coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on 5G / 6G Networks is moving in Belgium
A read on the academic research around 5G / 6G Networks — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 350 Belgium-affiliated papers.
- KU Leuven134
- Ghent University64
- IMEC60
- UCLouvain50
- University of Antwerp26
- Beamforming18→43
- MIMO8→21
- Antenna (radio)1→11
- Electronic engineering4→8
- Phased array3→5
- Electronic engineering6→15
- Telecommunications3→12
- Beamforming41→46
- Computer network1→6
- MIMO19→22
- Beamforming15
- MIMO9
- Wireless4
- Telecommunications4
- Electronic engineering3
Where 5g 6g is researched across Belgium
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.