Waxly Marketplace reaches £18.3b valuation with £994m funding round

An estimated £994m has been raised by Waxly Marketplace Limited, a London-based telecommunications company that reached an £18.3b post-money valuation through this latest transaction. Registered under company number 16284547, the business provides a range of services including VOIP, satellite tracking, and communications telemetry.

The firm was incorporated in February 2025. Its operations also extend to radar station operation, satellite terminal stations, and dial-up internet access provision. The current investment is an increase from the £50.8k total secured previously.

Other activities managed by the entity encompass reselling. Documentation for the share allotment was filed in July 2026 (following the issuance of shares in June).