Truely's $3.5M for Global Travel eSIM Solutions

Truely, a pioneering provider of travel eSIM solutions, has successfully raised $3.5 million in financing, led by 1982 Ventures. This funding will help Truely expand its offerings and enhance connectivity for travelers worldwide.

• Funding Round Details: The $3.5 million financing round was led by 1982 Ventures, with participation from Beenext, Kopital Ventures, and strategic angel investors, including former Airbnb executives JJ Chai and Kum Hong Siew.

• Expanding Services: The funds will enable Truely to develop B2B2C services for major travel operators, airlines, airports, and service providers, as well as launch additional products to improve customer connectivity.

• Market Growth Potential: The eSIM retail market is projected to reach $3.3 billion in sales by 2025, with nearly 50% annual growth driven by the shift from physical SIM cards and increased eSIM availability in mid-tier smartphones.

• Leadership Team: Led by Simon Landsheer, CEO, who has over 20 years of experience in telecommunications, fintech, and hospitality, the team is committed to enhancing user experience with flexible and affordable packages.

As the eSIM market continues to grow, Truely’s innovative solutions position the company to meet the increasing demands of the modern traveler.