About Truely
Truely is a company based in Singapore (Singapore) founded in 2023 by Jack FitzGerald, Jean-Patrick Bisson, and Simon Landsheer.. Truely has raised $5.5 million across 2 funding rounds from investors including 1982 Ventures, Beenext and Kopital Ventures. Truely offers products and services including eSIM Service and Data Plans. Truely operates in a competitive market with competitors including Airalo, Onomondo, YO Mobile, Roamless and uCloudlink, among others.
- Headquarter Singapore, Singapore
- Founders Jack FitzGerald, Jean-Patrick Bisson, Simon Landsheer
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Sectors
Telecommunications
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Email
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Phone
*********
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Website
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Social
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- Legal Name Truely Pte. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.5 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Jun 02, 2025
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Investors
1982 Ventures
& 10 more
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Employee Count
Employee Count
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Products & Services of Truely
Truely offers a comprehensive portfolio of products and services, including eSIM Service and Data Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital SIM for instant global data access without physical cards.
Flexible data options for travelers with easy top-ups and extensions.
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Funding Insights of Truely
Truely has successfully raised a total of $5.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in June 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 2
- Last Round Seed — $2.0M
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First Round
First Round
(03 Oct 2024)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Seed - Truely | Valuation |
investors |
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| Oct, 2024 | Amount | Series A - Truely | Valuation | 1982 Ventures |
| 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 Truely
Truely has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include 1982 Ventures, Beenext and Kopital Ventures. 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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Early-stage fintech investments are focused on in Southeast Asia.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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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 Truely
| 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 - Truely
| 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 |
Truely Comparisons
Competitors of Truely
Truely 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 Airalo, Onomondo, YO Mobile, Roamless and uCloudlink, 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 |
Operator of eSIM stores intended to provide connectivity to travellers
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| domain | founded_year | HQ Location |
Mobile routing technology for IoT SIM cards is offered.
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| domain | founded_year | HQ Location |
Offers affordable mobile plans with unlimited calls and data for US-Mexico families.
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| domain | founded_year | HQ Location |
Mobile connectivity solutions are offered to travelers through an app.
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| domain | founded_year | HQ Location |
Provider of virtual SIM card connectivity, wholesale data, and portable Wi-Fi solutions
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| domain | founded_year | HQ Location |
Portable Wi-Fi hotspot devices are provided for global internet access.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Truely
Frequently Asked Questions about Truely
When was Truely founded?
Truely was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Truely located?
Truely is headquartered in Singapore, Singapore.
Who is the current CEO of Truely?
Simon Landsheer is the current CEO of Truely. They have also founded this company.
Is Truely a funded company?
Truely is a funded company, having raised a total of $5.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.5M, raised on Oct 03, 2024.
What does Truely do?
Truely was founded in 2023 in Singapore as a provider of eSIM solutions in the travel telecommunications sector. Customizable data plans are offered for individuals and businesses, tailored to various journeys such as those undertaken by digital nomads and honeymooners. Services are accessible on Android and iOS devices compatible with eSIM technology, supporting global connectivity needs.
What products or services does Truely offer?
Truely offers eSIM Service and Data Plans.
Who are Truely's investors?
Truely has 11 investors. Key investors include 1982 Ventures, Beenext, Kopital Ventures, JJ Chai, and Kum Hong Siew.
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