Onomondo, an IoT infrastructure firm headquartered in Copenhagen, has closed an investment of more than €100M. Aspirity Partners led the round and has signed a definitive agreement to acquire a majority stake, while Denmark’s sovereign investment fund EIFO, a backer since 2021, deepened its commitment.
What Onomondo actually sells is the unglamorous layer beneath connected hardware: a software-defined stack. With it, enterprises can shift machines between private and public networks without going back to carriers to renegotiate. The company holds native access to roughly 700 networks around the world, and that breadth matters when a device sold in one country has to come online somewhere else the very next week.
Its argument is that the radio is the easy part of the internet of things, and the plumbing is where things break. Hardware crosses borders constantly, swaps operators and lands on networks its owners cannot see. Cloud Connectors and a SoftSIM are how Onomondo removes that friction, letting operators provision devices remotely.
The new capital is earmarked for international expansion and further platform work. Underlying the raise is a wager about physical AI: as more decisions migrate onto edge devices themselves, the connectivity those devices depend on has to follow them anywhere.
