Tech investments in Europe witness a surge, with telecommunications sector leading the way, a 18% increase in July investment worth €9.3 billion.
In a significant move for the tech industry, CityFibre, an independent telecommunications network provider based in London, secured a massive financing round of £2.3 billion in July 2021. This deal marked the largest financing round of the month, surpassing the fundings of other companies.
The financing round was aimed at supporting CityFibre's growth and expansion, as it continues to provide high-speed fibre broadband networks to homes and businesses across the UK.
While data on the specific top 14 European tech companies that raised over €100 million in July 2021 is not readily available, it's worth noting that CityFibre's deal was the largest of its kind that month.
In a separate context, data from 2025 reveals some interesting trends. For instance, Lovable, a company based in Stockholm, Sweden, raised €172.8M in a Series A round, while Xelix, based in London, secured €138.3M in Series B funding. CityFibre also made headlines in 2025 with a €2.6 billion debt + equity round, the largest deal in that month [1][2].
In the immediate context of July 2021, a fintech company Mollie reportedly raised €665 million in a Series C round in June, but no direct data was found about July funding rounds above €100 million for the top 14 companies [5].
It's important to highlight that 355 deals were made in total in July 2021, with the values of 48 deals remaining undisclosed. Furthermore, fourteen companies raised more than €100 million each during that month.
CityFibre's £2.3 billion financing round in July 2021 represents a significant step forward in the company's mission to deliver gigabit-capable network infrastructure to more communities across the UK.
The financing round of £2.3 billion aimed at growing and expanding CityFibre's business by providing high-speed broadband networks was a significant step in the technology sector. Despite the large funding secured by CityFibre, data shows that in 2025, other tech companies like Lovable and Xelix also raised substantial amounts for their businesses.
