About 1NCE
1NCE is a company based in Koln (Germany) founded in 2017.. 1NCE has raised $110 million across 4 funding rounds from investors including SoftBank, Deutsche Telekom and SoftBank Group. 1NCE operates in a competitive market with competitors including Truphone, Airlinq, Telit Communications, Cavli Wireless and Soracom, among others.
- Headquarter Koln, Germany
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$110 M (USD)
in 4 rounds
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Latest Funding Round
$60 M (USD), Series D
Apr 29, 2025
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Investors
SoftBank
& 6 more
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Employee Count
Employee Count
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Funding Insights of 1NCE
1NCE has successfully raised a total of $110M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $60 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $60.0M
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First Round
First Round
(29 Sep 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series D - 1NCE | Valuation |
investors |
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| Jun, 2022 | Amount | Series C - 1NCE | Valuation |
investors |
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| Jan, 2022 | Amount | Series C - 1NCE | Valuation | I Squared Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 1NCE
1NCE has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include SoftBank, Deutsche Telekom and SoftBank Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 1NCE
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 1NCE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
1Nce Comparisons
Competitors of 1NCE
1NCE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truphone, Airlinq, Telit Communications, Cavli Wireless and Soracom, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
International mobile services are provided under various brands for enterprises.
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| domain | founded_year | HQ Location |
IoT and SaaS-based provider of application development solutions for connected ecosystems
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| domain | founded_year | HQ Location |
Cellular IoT modules, connectivity, platforms, and custom solutions are provided.
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| domain | founded_year | HQ Location |
Provider of cellular IoT modules, global connectivity, and modem cloud services
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| domain | founded_year | HQ Location |
Provider of cellular connectivity for IoT
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 1NCE
When was 1NCE founded?
1NCE was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is 1NCE located?
1NCE is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Is 1NCE a funded company?
1NCE is a funded company, having raised a total of $110M across 4 funding rounds to date.
What does 1NCE do?
1NCE was founded in 2017 in Cologne, Germany, within the IoT sector. SIM cards with coverage across Europe, Russia, USA, China, and additional regions are supplied for device connectivity. A management platform is utilized for recharging 500MB data and 250 SMS, monitoring volumes, reordering SIMs, and obtaining customer support. Operations support applications such as smart metering, asset tracking, waste management, tank monitoring, and vehicle telematics.
Who are 1NCE's investors?
1NCE has 7 investors. Key investors include SoftBank, Deutsche Telekom, SoftBank Group, I Squared Capital, and Kensington Capital Partners.
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