Telefónica has launched Telefónica Tech Ventures as a new vehicle for its cybersecurity-related investments. Telefónica Tech Ventures is out of the starter blocks with a portfolio of nine invested startups with investment plans for up to 15 more over the course of the next three years.
Telefónica Tech Ventures is under the auspices of Telefónica’s cybersecurity division ElevenPaths, which in turn is part of Telefónica Tech, and Telefónica Innovation Ventures (TIV), the latter of which is the company’s corporate venture capital arm.
