🏆 Deal of the Week · CW 39/2021
1NCE raised USD 50 million in a funding round of undisclosed stage; the post-money valuation was not disclosed. The round was backed by SoftBank and Deutsche Telekom.
1NCE — key deal facts
| Company | 1NCE |
| Founded | 2017 |
| Headquarters | Cologne, Germany |
| Amount raised | USD 50M |
| Valuation | Valuation Remains Undisclosed |
| Round | Unknown |
| Investors | SoftBank (https://group.softbank/en) Deutsche Telekom (https://www.telekom.com/de) |
| Sectors | Telecommunications |
Who invested in 1NCE?
The round was co-led by SoftBank (https://group.softbank/en) and Deutsche Telekom (https://www.telekom.com/de). The investor combination is strategically notable: Deutsche Telekom is a co-founder and network infrastructure partner of 1NCE, while SoftBank brings global IoT ecosystem reach and significant capital depth through its Vision Fund platform. The pairing of a legacy European telco with a Japanese technology conglomerate reflects the cross-border ambition of 1NCE's connectivity model.
What does 1NCE do?
1NCE is a global Tier-1 IoT carrier headquartered in Cologne, Germany, founded in 2017 by Alexander P. Sator together with Deutsche Telekom AG. The company offers managed cellular connectivity and cloud-based software services for IoT applications including asset tracking, tank monitoring, and vehicle telemetry. Its flagship product, the 1NCE IoT Lifetime Flat, delivers fixed-price connectivity for a device's entire operational lifetime across 2G, 3G, 4G, 5G, NB-IoT, and LTE-M networks in more than 170 countries. The platform manages over 40 million SIM connections and operates as a premium technology partner of Amazon Web Services.
1NCE valuation & multiples
No existing multiples analysis was provided for this deal. Because 1NCE's post-money valuation was not disclosed, EV/Sales and EV/EBITDA multiples cannot be derived from the verified deal data. For indicative sector benchmarks, visit the Venionaire DealMatrix Telecommunications multiples pages.
Frequently asked questions
How much did 1NCE raise in its funding round?
1NCE raised USD 50 million in a funding round of undisclosed stage; the closing date is referenced in SoftBank's announcement of October 2022.
What is 1NCE's valuation?
1NCE's valuation was not disclosed as part of this funding round.
Who invested in 1NCE?
The round was backed by SoftBank and Deutsche Telekom.
When was 1NCE founded and where is it based?
1NCE was founded in 2017 and is headquartered in Cologne, Germany.
Source: original announcement — read the full report.