1NCE is the only provider of connectivity and software for IoT at a global flat rate
Business Model:
Revenue: $11.3M
Employees: 51-200
Address: Sternengasse 14-16
City: Cologne
State: north rhine-westphalia
Zip: 50676
Country: DE
1NCE is the only provider of connectivity and software for IoT at a global flat rate – offering fast, secure, and reliable cellular connectivity and software services in 140 countries worldwide. The 1NCE IoT Flat Rate is designed to last over the entire lifetime of an IoT device with a one-off payment of $10 (€10) for 10 years, making IoT applications affordable and scalable for smart utilities, asset tracking, vehicle telematics and other uses. The company – founded in 2017 by CEO Alexander P. Sator together with Deutsche Telekom AG – is headquartered in Cologne, Germany and has 200 staff in Amsterdam, Cologne, Hamburg, Hong Kong, London, Miami, Paris, Riga, Rome, and Warsaw.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2022 | Venture Round | 1 | - |
SoftBank Vision Fund SoftBank Vision Fund SoftBank Vision Fund SoftBank Vision Fund |
1/2022 | Venture Round | - |
I Squared Capital I Squared Capital |
1/2022 | Private Equity Round | - | 9/2021 | Venture Round | 2 | $50M |
SoftBank T-mobile Deutsche Telekom SoftBank T-mobile Deutsche Telekom |
1/2022 | Private Equity Round | - |
I Squared Capital I Squared Capital |
6/2022 | Venture Round | 1 | - |
SoftBank Vision Fund SoftBank Vision Fund SoftBank Vision Fund SoftBank Vision Fund |
1/2022 | Venture Round | 1 | - |
I Squared Capital I Squared Capital |
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