What is 1NCE?
Headquartered in Cologne, Germany, 1NCE has redefined the IoT market through its innovative Lifetime Flat license model. By offering a one-off payment structure that covers the entire lifecycle of an IoT device, the company has effectively removed the traditional barriers to entry for smart utilities, vehicle telematics, and industrial asset tracking. Founded in 2017, 1NCE leverages deep-rooted expertise in cellular infrastructure to provide a seamless, global connectivity experience. Its market position is characterized by a unique blend of software-defined networking and hardware-agnostic services, enabling rapid deployment for large-scale enterprise applications that require long-term, predictable cost structures.
How much funding has 1NCE raised?
1NCE has raised a total of $110M across 2 funding rounds:
Unspecified
$50M
Other Financing Round
$60M
Unspecified (2021): $50M with participation from SoftBank Group Corp and Deutsche Telekom Capital Partners
Other Financing Round (2025): $60M led by Vicenda Group, Kensington Capital Partners, I Squared Capital, Deutsche Telekom, and SoftBank Corp
Key Investors in 1NCE
I Squared Capital
A private equity firm focusing on global infrastructure investments, including energy, utilities, and telecom projects across North America, Europe, and high-growth economies.
SoftBank Corp
A major Japanese telecommunications and technology company that integrates advanced IoT, digital platforms, and AI solutions to drive next-generation social infrastructure.
Kensington Capital Partners
An investment firm specializing in wealth creation and diversified strategies across private markets, including venture capital and growth equity for North American businesses.
What's next for 1NCE?
The recent infusion of capital is expected to accelerate 1NCE's expansion into emerging markets and enhance its software-defined IoT platform capabilities. As the demand for ubiquitous connectivity grows, the company is well-positioned to capitalize on the shift toward automated, data-driven industrial ecosystems. Strategic focus will likely remain on deepening its integration with global telecommunications partners and refining its software suite to support advanced edge computing requirements. By maintaining its commitment to affordable, high-performance connectivity, 1NCE is poised to remain a central pillar in the global digital transformation of critical infrastructure and smart city initiatives.
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