Onomondo Raises €100M+ for Global IoT

Copenhagen-based IoT connectivity company Onomondo has raised more than €100 million, led by Aspirity Partners, which signed a definitive agreement to acquire a majority stake. Denmark's sovereign fund EIFO, a backer since 2021, is increasing its investment. Onomondo's network spans nearly 700 networks and serves over 500 customers including Maersk, Carlsberg and Husqvarna.