Truely is a Singapore-based travel tech company that provides Switchless™ eSIM connectivity with unlimited global data, zero roaming fees, and no SIM swaps. Led by Co‑Founder & CEO Simon Landsheer, the product targets frequent travelers and business users. The company intends to use the new funds to add new features and scale its network. Upcoming developments include network scaling for lower latency, localized pricing and payments, and new team and business travel tools to serve both individuals and enterprises. Truely raised an incremental US$2m in June 2025 following a US$3.5m round in October 2024. The new capital brings total funding to US$5.5m and was backed by DG Daiwa Ventures, Goodwater Capital, Disrupt.com and existing investor Beenext. Truely is a travel eSIM provider that enables global mobile connectivity without physical SIM cards. Launched in July 2023, the company targets travelers seeking seamless data connectivity as eSIM adoption grows. Its core product is an eSIM platform designed to remove physical-SIM clutter by offering affordable data plans and support for mid-tier smartphone eSIMs. Truely plans to use the seed capital to extend its reach and focus on B2B2C offerings for travel operators and airlines as the travel industry rebounds post-pandemic. The company is positioning itself to capture demand driven by forecasted eSIM adoption and shifting consumer preferences. The article reports Truely recently closed a USD 3.5 million seed round; no revenue or user metrics were disclosed.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2025