Danish IoT provider Onomondo will receive more than €100 million with UK private equity firm Aspirity Partners set to take a controlling stake. The funding targets faster growth, stronger infrastructure, SoftSIM and eSIM management, and support for enterprise use cases including maritime connectivity and early-stage physical AI.
Onomondo will use the funding to hire staff, expand infrastructure, and accelerate products such as SoftSIM and an SGP.32 eSIM IoT Remote Manager to reduce vendor lock-in.
The company’s model focuses on owning and managing core network elements and cloud connectors to give enterprises more control across countries and device fleets.
Operational execution will be demanding: expanding infrastructure at scale requires capital, talent, and sustained operator relationships despite Onomondo’s existing connections to hundreds of mobile network operators.
Onomondo has secured a new investment package exceeding €100 million. Aspirity Partners, a UK private equity firm, will take a controlling stake pending approvals. Denmark's EIFO will increase its holding and earlier backer Verdane will exit. Onomondo says the capital will fund hiring, infrastructure growth, and accelerated product development, with the transaction expected to close in early 2027.
Onomondo is positioning itself against the common MVNO-like IoT model where providers resell airtime. Instead, the company plans to own and manage more network functions — a core network, cloud connectors, private-public hybrid networks, and SoftSIM capabilities — so enterprise customers get more direct control over networks, data flows, and device behaviour across borders. That model is targeted at large device fleets that need predictable service, easy vendor change, and visibility across countries.
The company highlights two technical areas where the funding will be applied: SoftSIM and eSIM management aligned with the SGP.32 standard. Onomondo has launched an eSIM IoT Remote Manager intended to allow enterprises to manage SIM profiles remotely and reduce vendor lock-in in practice. The company also integrates directly with hundreds of mobile network operators worldwide to maintain broad roaming and connectivity reach.
Target markets: physical AI and global fleets
Onomondo names "physical AI" — systems that sense and act in the physical world such as autonomous machines, industrial robots, and smart logistics platforms — as a future area of demand. These systems require reliable, always-on connectivity and distributed sensor data. Onomondo argues that infrastructure-led IoT can support that shift, though adoption of physical AI is described as early and will require enterprises to justify cost and manage data and operational risks.
Execution risks and operational pressure
needs, and raises the importance of maintaining operator relationships. Onomondo acknowledges these demands. Expanding infrastructure and delivering consistent service to global enterprises will require investment in network operations, integrations with many mobile operators, and product development to make features like remote eSIM management robust and interoperable.
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