SoftBank and Deutsche Telekom were among the participants in the first funding round to be disclosed by the internet-of-things connectivity provider.

Internet and telecommunications group SoftBank and telecoms firm Deutche Telekom took part in a $50m funding round for Germany-based internet-of-things (IoT) network carrier 1nce on Wednesday, investing alongside unnamed others.

Founded in 2017, 1nce provides cellular connectivity at a fixed price across multiple networks – including 2G, 3G, 4G, 5G, LTE-M and NB-IoT – and claims it currently manages a total of about 10 million connections for more than 7,000 business customers.

Proceeds from the round will be used to…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
email
Linked in