Vodafone

Vodafone, a global telecommunications giant headquartered in Newbury, United Kingdom, has historically engaged in venture capital activities, though its approach has evolved significantly over time. While primarily known for its mobile voice, messaging, and data services, the company recognized the importance of fostering innovation through startup investments, particularly in the mobile internet space.

Historically, Vodafone operated a dedicated corporate venture capital arm known as Vodafone Ventures. This fund was notably active in the early 2010s, launching a significant €200 million fund in 2011 specifically aimed at investing in mobile internet startups. Vodafone Ventures typically targeted Series A and B rounds, with individual investments often ranging from several million euros. However, this dedicated venture arm appears to have become inactive, with its last known investments dating back to around 2012, suggesting a shift in the company's direct venture investment strategy.

In its current form, Vodafone's investment activities are largely strategic, focusing on mergers and acquisitions (M&A), partnerships, and internal innovation initiatives rather than operating a traditional, standalone venture capital fund for external startups. The company is deeply invested in developing and deploying next-generation technologies such as 5G, IoT, and edge computing, often through strategic alliances or direct investments in companies that complement its core business. These investments are typically larger, strategic plays aimed at enhancing its network capabilities, expanding its service offerings, or acquiring key technologies.

Given this shift from a dedicated venture capital arm to a broader corporate development strategy encompassing M&A and strategic partnerships, reliable and consistent information regarding typical first cheque sizes for external startup investments is not publicly available. Vodafone's current investment approach is more tailored to specific strategic objectives rather than following a standardized venture capital funding model.