What is 1NCE?
Founded in 2017 and headquartered in Cologne, Germany, 1NCE offers a unique IoT Lifetime Flat license, providing cellular connectivity and software services in over 173 countries for a one-time payment of $10 over 10 years. This model is designed to make IoT applications, such as smart utilities, asset tracking, and vehicle telematics, both affordable and scalable. The company's mission is to simplify global IoT deployment through a single, flat-rate offering, fostering widespread adoption of connected devices worldwide.
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 and Deutsche Telekom Capital Partners
Other Financing Round (2025): $60M led by I Squared Capital, Deutsche Telekom, SoftBank Corp, Vicenda Group, and Kensington Capital Partners
Key Investors in 1NCE
I Squared Capital
I Squared Capital is a private equity firm specializing in global infrastructure investments, focusing on energy, utilities, transport, and telecom projects. Their involvement suggests a strategic alignment with 1NCE's infrastructure-heavy business model.
Deutsche Telekom
Deutsche Telekom AG is a major integrated telecommunications provider, offering a broad portfolio of services. As a founding partner and investor, their continued support highlights the strategic importance of 1NCE's connectivity solutions within their broader telecommunications strategy.
SoftBank Corp
SoftBank Corp. is a Japanese telecommunications and technology company focused on digital and AI-enabled infrastructure, including IoT. Their investment indicates a belief in 1NCE's potential to shape the future of connected devices and digital ecosystems.
What's next for 1NCE?
With this substantial enterprise-level backing, 1NCE is poised for accelerated growth and further innovation in the rapidly expanding IoT market. The strategic investment will likely fuel the expansion of its global network coverage, enhance its software platform capabilities, and support the development of new solutions tailored to evolving industry demands. The company's focus on affordability and lifetime connectivity positions it as a key enabler for the next wave of connected devices and services, solidifying its trajectory as a leader in the global IoT ecosystem.
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