In fact, an eSIM service provider for international travelers raised $3.5 million in a funding round led by 1982 Companies.
Beenext and Kopital Ventures also participated, alongside angel investors including former Airbnb executives JJ Chai and Kum Hong Siew, as well as Tranglo founder Sia Hui Yong, Mohammad Gharaybeh, Qin En Looi, Eric Dadoun and Gilbert Relou.
Launching in July 2023, Truely offers eSIM data plans in over 200 destinations and regions, eliminating the need for travelers to swap physical SIM cards.
The company aims to simplify global connectivity by offering affordable data plans and 24/7 support.
Truely eSIMs are compatible with most modern smartphones and can be installed quickly without replacing the user’s existing SIM card.
The company plans to use the funding to expand its services, including developing offerings aimed at business travelers and establishing partnerships with travel operators and airlines.
“We created Truely with user experience at the heart of our concerns, understanding that existing options lacked usability and depended on engraved eSIMs. Our flexible, affordable plans offer best-in-class coverage at affordable prices, while providing maximum ease of use.
Leveraging Truely’s Switchless eSIM technology, we will continue to launch exciting and innovative products and features to meet the diverse needs of travelers, enabling travelers to stay seamlessly connected, wherever they go, with unprecedented ease.
said Simon Landsheer, Founder and CEO of Truely.
“is truly well positioned to dominate the massive eSIM market. No other team in the market has Truely’s experience in building successful businesses, combined with the operators’ decades of experience in global telecommunications.
Truely’s technology differentiates itself from existing players by making it easy and convenient for consumers and businesses to leverage global connectivity,”
said Herston Powers, founding managing partner, 1982 Ventures.