1NCE

1NCE is a global IoT software and connectivity company founded in 2017 and based in Cologne, Germany, with offices in cities like Amsterdam, London, Miami, and Tokyo. The company specializes in IoT connectivity and software services, offering a unique pricing model called the 1NCE IoT Lifetime Flat. This model allows customers to pay a one-time fee of $10/€10 for up to 10 years of connectivity per device, which includes all necessary features such as SIM cards, data plans, SMS, and VPN access. 1NCE provides managed cellular connectivity for low-bandwidth IoT applications, supporting major radio standards like 2G, 3G, 4G/LTE-M, and NB-IoT across 173 countries. The company serves over 24,000 customers, managing more than 30 million IoT connections. Its user-friendly software platform simplifies connectivity management with features like SIM card ordering, rate plan selection, and real-time reporting. Founded by CEO Alexander P. Sator in partnership with Deutsche Telekom AG, 1NCE aims to make IoT connectivity as accessible as electricity.

Telecommunications Koeln, Germany Founded 2017 ~58 employees

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Employees
58
+3.6% in the 3 months to Jun 2025
Revenue / employee
$1.2M
Revenue ~$70M
Total funding
$110M
Last round Apr 2025
12-month attrition
16.4%
Tech: 16.3%
H1B sponsor
NA

Headcount trend

1NCE went from 43 employees in Jul 2023 to 58 in Jun 2025. Jan to Jun 2025: 10 people joined, 2 left.

Headcount data through Jun 2025

Org structure

Headcount by department

Other27
Sales19
Engineering6
Operations4
Finance1
HR1

Funding

  • Apr 2025 · $60M · Deutsche Telekom, iSquared Capital, Kensington Capital Partners
  • Jan 2022 · Private Equity · I Squared Capital
  • Oct 2021 · $50M · SoftBank Corp, Deutsche Telekom AG

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1NCE FAQ

How many employees does 1NCE have?

1NCE has about 58 employees, up 3.6% over the 3 months to Jun 2025.

What is 1NCE's revenue per employee?

1NCE makes about $1.21M in revenue per employee, based on $70M annual revenue and 58 employees.

How much funding has 1NCE raised?

1NCE has raised $110M in total funding.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.