Truely, a travel tech company specialising in eSIM connectivity, has announced a successful $2m funding round, bringing its total capital raised to $5.5m. The funding, led by DG Daiwa Ventures, Goodwater Capital, and Disrupt.com, aims to accelerate Truely’s expansion and enhance its offerings for frequent travellers and business users.
Truely’s innovative Switchless™ eSIM technology provides unlimited global data without roaming fees or SIM swaps, making it an attractive solution for travellers. The company has seen significant growth since launching Truely 2.0 in May 2025, driven by its seamless connectivity options. The new funding will enable Truely to scale its network, introduce localised pricing, and develop new tools for team and business travel.
The eSIM market is projected to reach over $3b by 2025, with nearly 50% annual growth, according to Kaleido Intelligence. This growth is fuelled by the shift from physical SIMs and increased eSIM adoption. Truely is poised to capitalise on this trend, with plans to expand its presence through strategic partnerships with online travel agencies, airlines, and fintech super-apps.
Simon Landsheer, Truely’s CEO, expressed enthusiasm about the funding, stating, “I’m happy to announce this round and honoured to have the trust of these investors as we continue building Truely.” DG Daiwa Ventures highlighted the potential for Truely to address connectivity challenges and expand in the Japanese market.
With this new investment, Truely is set to enhance its offerings and continue its mission to redefine global connectivity for travellers.
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