HomeSingaporeTruely Raises US$3.5M in Financing

Truely Raises US$3.5M in Financing

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Truely, a Singapore-based Travel eSIM provider, raised US$3.5M in funding.

The round was led by 1982 Ventures with participation from Beenext, and Kopital Ventures with participation from the founding team members and various strategic angel investors, including JJ Chai (ex-AirbnB), Kum Hong Siew (ex-Airbnb), HY Sia (Founder of Tranglo), Mohammad Gharaybeh, Qin En Looi, Eric Dadoun, and Gilbert Relou, among others.

The company intends to use the funds to release B2B2C services designed for major travel operators, Airlines, Airports, OTA’s and service providers, as well as release additional products and services to help keep global travelers connected to workplaces and loved ones.

Founded in July 2023 by CEO Simon Landsheer, Truely is a Travel eSIM company offering Switchless™ global connectivity for travelers. It ensures that travelers are always able to access mobile data across a wide range of destinations and regions with services in multiple languages. Utilizing eSIM technology, the company provides local data plans in 200+ destinations and regions, eliminating the need for physical SIM cards and associated clutter, expiring and overlapping plans, and expensive roaming charges.

Now available on the App Store and Google Play, users can sign up for Truely through the company’s website, mobile app, and various channel partners, and access mobile data throughout the world.

FinSMEs

03/10/2024

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