Onomondo has secured a major funding path for its next growth phase. The Danish IoT provider will receive more than €100 million through a new investment round. UK private equity firm Aspirity Partners will take a controlling stake, pending approval.
Danish state-backed investor EIFO will also increase its position. Verdane, an earlier backer, will exit the company. Onomondo expects the deal to close in early 2027.
The company says the funding gives it a strong position for expansion. It plans to hire staff, grow infrastructure, and speed up product development. Co-founder Henrik Aagaard said: “We are securing this investment from a strong position.”
Onomondo wants to challenge traditional IoT connectivity models. Many IoT providers resell mobile network access through MVNO-style agreements. Onomondo argues that enterprises need more direct control over networks, data, and device behaviour.
Its model centers on owning and managing more network functions itself. These include a core network, cloud connectors, private-public networks, and SoftSIM. This gives customers better visibility across countries and devices.
That approach could appeal to global enterprises. Large device fleets need predictable service and easier management. They also need freedom to change vendors as business needs evolve.
However, the strategy carries execution pressure. Building infrastructure needs capital, talent, and strong operator relationships. Onomondo says it integrates directly with hundreds of mobile network operators worldwide. Maintaining that reach will remain a demanding task.
The company also points to SGP.32, the newer eSIM standard for IoT. This standard helps enterprises manage SIM profiles remotely. Onomondo has launched an eSIM IoT Remote Manager to reduce vendor lock-in.
Its maritime work with Maersk shows the model in action. Onomondo provides private LTE connectivity across hundreds of cargo ships. The system can also move onto public 4G and 5G networks when available.
Sonny Wilkens Dahl of Maersk said: “Onomondo has helped us move from monitoring containers at fixed points in the journey to receiving near real-time data while cargo is in transit, including during ocean crossings.”
The next target is physical AI. This term describes intelligent systems that sense and act in the real world. Examples include autonomous machines, industrial robots, and smart logistics platforms.
These systems need reliable, always-on connectivity. They also need data from many distributed sensors. Onomondo believes infrastructure-led IoT can support that shift.
Still, physical AI remains early. The market has strong potential, but adoption will take time. Enterprises must justify costs, protect data, and manage operational risk.
For telecom professionals, the deal signals a broader IoT shift. Connectivity alone no longer defines the market. Control, flexibility, and infrastructure intelligence now shape the next competitive frontier.
