Truely, a Global eSIM Provider, Raises US$3.5 Million Funding Round led by 1982 Ventures with participation from Beenext and Kopital Ventures

January 2, 2025

Truely, a global Travel eSIM provider enabling global connectivity for travelers, today announced the completion of a US$3.5 million round of financing led by 1982 Ventures with participation from Beenext, and Kopital Ventures. The round also saw 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.

Founded in July 2023, Truely is an innovative, next generation Travel eSIM company offering Switchless™ global connectivity for travelers. Truely 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, Truely 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. With easy installation, competitive rates, and 24/7 support, Truely can dramatically enhance remote connectivity to meet the demands of a new digital era.

Truely offers users with flexible plans based on their travel needs, selecting data plans based on destination, duration of travel, and data packages. Compatible with most modern smartphones, Truely’s eSIM can be installed in minutes without replacing the user’s original SIM card, enabling seamless and reliable connectivity around the world. Truely’s eSIMs can also be used in tandem with physical SIM cards for dual SIM flexibility. 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.

Truely’s highly seasoned team is led by founder Simon Landsheer (CEO), who brings over 20 years of global telecommunications, fintech, hospitality and CPaas experience. Recognizing the pain points caused by existing mobile plans for nomadic and business travellers based on inadequate products—including terrible user experiences, inefficient pricing models, and the hassle of managing multiple SIMs—the Truely founding team set out to develop Truely’s Switchless™ eSIM technology, offering users with seamless, cost-effective, and user-friendly global connectivity solutions. “We created Truely with user experience at its core—understanding that incumbent options lacked user-friendliness and depend on burner eSIMs. Our flexible and affordable packages offer best-in-class coverage at affordable prices, while also achieving maximum ease-of-use,” said Simon Landsheer, Founder and CEO, Truely. He continued, “Leveraging Truely’s Switchless™ eSIM technology, we will continue to release exciting and innovative products and features to meet diverse traveller needs, keeping travellers connected seamlessly wherever they go at unprecedented ease.” “Truely is well-positioned to dominate the massive eSIM market. No other team in the market has Truely’s track record of building successful business combined with the operators’ decades of experience in global telecom. Truely’s technology stands out from existing players by making it easy and painless for consumers and enterprises to sustainably leverage global connectivity,” said Herston Powers, Founding Managing Partner, 1982 Ventures.  Truely aims to leverage this funding to expand its offerings. This includes developing B2B services for travel operators, airlines, and other industry leaders and introducing new products to enhance global travelers' global connectivity.

About Truely Truely is a single travel eSIM solution that aims to eliminate all the complexities of global data connectivity. Its Switchless™ technology connects you to the best network and rates in 200+ destinations and regions. With its flexible plans, seamless user experience, and lifetime eSIM model, Truely is building a future where travel connectivity is easy, affordable, and accessible to everyone, everywhere. Now available on the App Store and Google Play. For more information, please visit Truely.com or check us out on LinkedIn.