Aspirity Partners Has Acquired Onomondo Stake
The London-based private equity firm secured a majority interest in the Danish IoT network company.
Updated on Sept. 30, 2026 in Telecommunications
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Aspirity Partners has reached an agreement to acquire a majority stake in Onomondo, a Copenhagen-based IoT network company. Denmark's state investment fund, EIFO, is simultaneously increasing its existing investment in the firm.
Why it matters
The investment is intended to support the international growth of Onomondo, specifically funding new network equipment and product development. This partnership strengthens the company's ability to support its customers operating across more than 100 countries.
Onomondo provides a platform connecting devices, networks, and clouds while offering a software-based SIM card known as SoftSIM. The company currently maintains direct access to nearly 700 mobile networks for more than 500 business customers.
The players
Aspirity Partners
A London-based private equity firm that closed its first investment fund at over €875 million.
Onomondo
A Copenhagen-based IoT network company that enables global connectivity for more than 500 businesses.
EIFO
Denmark's state investment fund which has maintained a financial stake in Onomondo since 2021.
Rasmus Jensen
The chief executive of Onomondo who took leadership of the company in 2025.
The details
Onomondo technology links various devices and networks to cloud systems to solve complex infrastructure connectivity problems. The deal is expected to close in the first quarter of 2027.
Timeline
EIFO began its initial backing of Onomondo in 2021.
Rasmus Jensen assumed the role of chief executive in 2025.
The acquisition deal was announced in September 2026.
The transaction is expected to close in the first three months of 2027.
The Tech Race
This move marks a shift toward software-defined infrastructure as businesses move away from traditional physical SIM cards. By capitalizing on SoftSIM technology, Onomondo positions itself to compete with legacy providers in the growing global IoT ecosystem.
Businesses utilizing IoT infrastructure can expect expanded network reliability and updated product features as the company scales. Users of the platform may see improved service stability as the firm deploys new network equipment.
The takeaway
Investment from state and private entities highlights the increasing demand for seamless, software-driven IoT connectivity. Companies looking to modernize their network infrastructure should prioritize scalable software solutions over traditional hardware-reliant systems.
Further reading
Learn more about the latest innovations in the industry by visiting the Telecommunications section.
Source note: This article includes information reported by The Next Web.
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