Defending innovation
By fusing capital, proven operational playbooks, and a network of defence and business specialists, we turn breakthrough ideas into unbreachable shields that guard critical infrastructure.
At Telum, defending innovation isn't just our mission
- it's the only way to truly own the future.
We partner with Europe's top cyber-defence pioneers and innovators to safeguard Europe's digital sovereignty, embedding deep expertise and hands-on support at every turn.
Senior-led
Board and advisors are practising operators, not theorists.
Hands-on execution
We harden products, unlock customers and reduce investor risk.
Focused thesis
Pure focus on European cyber-defence and dual-use tech.
Cybersecurity is now a €200 billion market, and growing
The global cybersecurity market grew to €200bn in 2024, with a CAR of 12%.
Cybersecurity makes up 4% of the global IT market (ECSO. 2024).
The German market alone is valued at €13.1bn in 2025 and is projected to grow to €22.33bn by 2030 (Mordor Intelligence, 2025).
The U.S. makes up 40% of global market share, with the EU at 17% (ECSO. 2024).
North America makes up nearly half (49%) of global revenue share
Cybersecurity solutions, including application security, cloud security, data security, and identity and access management, make up 53% of the market share in 2025 (Mordor Intelligence, 2025).
Cybersecurity services, such as consulting, implementation, and managed security services, make up the remaining 47%.
Cybersecurity is a large, fast-growing market: €200bn in 2024 and expanding at roughly a 12% CAGR. It now represents about 4% of global IT spend, driven by regulatory pressure, cloud migration and growing attack surfaces.
Global market (2024):
€200bn — ~12% CAGR.
Share of IT:
Cybersecurity ≈ 4% of global IT.
Regional split:
US ≈ 40% of the market; EU ≈ 17%; North America ≈ 49% of global revenue.
Germany:
€13.1bn (2025) → projected €22.33bn by 2030.
Market mix (2025):
Solutions (app/cloud/data/identity) ≈ 53%; Services (consulting, implementation, MSS) ≈ 47%.
Digitalization, legislation and increasing cyber threats are driving the market.
Digital Transformation
The shift toward digital platforms in key industries has heightened the need for robust cybersecurity frameworks (Mordor Intelligence, 2025)
Government initiatives
Strict compliance regulations, such as the GDR and NIS2 in Germany and the EU, have driven organizations to increase their cyber resilience (ECSO, 2024).
Increasing Cyber Threats
Rising quantity and cost of cyber threats and attacks has resulted from the proliferation of smart devices, loT technologies, and e-commerce platforms and the development of new technologies (e.g. Al).
Companies we have invested in prior to Telum
