Over €100m · Other round · Telecom · Copenhagen, Denmark
Aspirity Partners has signed a definitive agreement to acquire a majority stake in Copenhagen-based Onomondo as part of a combined investment of more than €100m. Denmark’s Export and Investment Fund (EIFO), an existing backer, is increasing its investment alongside the buyout.
The transaction is not yet complete. Onomondo says it remains subject to regulatory approvals and is expected to close in the first quarter of 2027. Accura, which advised Aspirity, says the deal includes the purchase of shares from Verdane, Onomondo’s founders and other shareholders. The parties have not disclosed how the headline amount is divided between secondary share purchases and new capital for the company, so it should not be read as a €100m cash injection.
One control layer across nearly 700 networks
Founded in Copenhagen in 2012, Onomondo operates a software-defined cellular network for connected devices. The company says its platform integrates directly with nearly 700 mobile networks, giving customers a single control layer for connectivity instead of a patchwork of roaming contracts and operator portals. Its products include SoftSIM, which stores SIM credentials in software, and Cloud Connectors that send device data directly into cloud environments.
That architecture is designed for manufacturers and logistics groups whose devices move across borders or between public and private networks. Onomondo says more than 500 companies use its network across over 100 countries. Maersk, for example, uses Onomondo connectivity on more than 450 vessels to transmit container data during ocean crossings, where conventional coverage can be intermittent.
A buyout tied to infrastructure scale
The investment brings a specialist technology investor into control while EIFO increases its exposure. Onomondo says the capital and ownership structure will support international expansion and further development of its network infrastructure. Aspirity partner Ralph Choufani said the investor sees Onomondo’s software-defined network as an answer to the fragmentation that has held back global IoT deployments.
The commercial test is whether Onomondo can turn broad network reach into simpler deployment and lower operating friction for large device fleets. Its direct operator integrations and cloud connections could reduce the number of intermediaries customers manage, but scaling that model also means maintaining network quality and regulatory compliance across many markets. The announced transaction gives Onomondo additional resources for that work; completion still depends on approvals.
Sources checked:
Onomondo announcement · EIFO announcement · Accura transaction note · Tech.eu Funding Explorer
