# Citibank Europe

> Citibank Europe is a VC fund in Dublin backing Telecommunications and Internet. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Dublin, Ireland
- Total investments: 3
- Last investment: Dec 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/citibank-europe/
- Website: https://x.com/Citi
- Facebook: https://www.facebook.com/citi

Citibank Europe is a VC fund in Dublin focused on Telecommunications and Internet. Citibank Europe provides financial services to support economic growth and advancement.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Telecommunications | 2 | 67% |
| Internet | 1 | 33% |
| Automotive | 1 | 33% |
| Commercial | 1 | 33% |
| Manufacturing | 1 | 33% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 2 | 67% |
| Post-IPO Debt | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Turkey | 1 | 33% |
| Romania | 1 | 33% |
| United States | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Digi Communications | Digi Communications is providing of telecommunication services in Romania and Hungary. Their offerings in both countries include cable and DTH television services, fixed internet and data and fixed-line telephony. Their fixed telecommunication and entertainment services are offered through their technologically advanced fiber optic network,currently covering approximately 62% and 24% of households in Romania and Hungary, respectively, and both countries are entirely within the footprint of their DTH signal. theircable and satellite (“direct-to-home”) television subscribers enjoy access to custom-made channels and pay TV services, which carry premium movies and sports content.They also operate one of the most technologically advanced mobile networks in Romania, also having the fastest growing, in terms of customers’ number. | $297.6M | Debt Financing | Dec 09, 2024 |  |
| Ford Otosan | Ford Otosan is a publicly traded company that manufactures, assembles, imports, exports, and sells motor vehicles and spare parts. The company provides commercial, transit and transit custom, and transit courier vehicles, and cargo trucks, as well as engines and powertrain products for trucks and transit vehicles.Ford Otosan was founded on 1959and is headquartered in Istanbul, Turkey. | $471.2M | Post-IPO Debt | Mar 26, 2024 |  |
| Phoenix Tower International | Phoenix Tower International is a telecommunications company operating wireless infrastructure sites. It is devoted to helping its wireless infrastructure partners, customers, sellers, landlords, and communities to achieve their goals. | $1.3B | Debt Financing | Sep 28, 2023 |  |

3 of 3 investments shown.

## Co-investors
- Banca Transilvania — VC Fund, 2 deals together
- BRD Groupe Societe Generale — VC Fund, 2 deals together
- [BNP Paribas](https://shizune.co/investors/profile/bnp-paribas) — VC Fund, 1 deal together
- [Mizuho Bank](https://shizune.co/investors/profile/mizuho-bank) — VC Fund, 1 deal together
- [Raiffeisen Bank Czech Republic](https://shizune.co/investors/profile/raiffeisen-bank-czech-republic) — VC Fund, 1 deal together
- [Societe Generale S.A.](https://shizune.co/investors/profile/societe-generale) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Citibank Europe invest in?

Citibank Europe invests primarily in Telecommunications, Internet and Automotive startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 3 investments tracked by Shizune back companies in Turkey. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Citibank Europe last invest?

The most recent investment recorded for Citibank Europe closed in Dec 2024. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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