Truely, a travel tech company from Singapore known for its Switchless eSIM service, announced on Tuesday that it has received new funding. The money comes from three major investors: Goodwater Capital in the U.S., DG Daiwa Ventures in Japan, and Disrupt.com in the UAE.
Truely said in a statement that earlier investors who are still supporting the company include 1982 Ventures, Beenext, and Kopital Ventures.
Goodwater Capital’s involvement is especially important because it’s known around the world as the largest venture capital firm that invests in consumer technology.
The firm has a lot of experience helping consumer internet businesses grow and has previously invested in successful companies like Toss, Kakao, and Coupang.
Its experience with consumer internet companies will help Truely grow in busy business travel markets and expand into Korea.
At the same time, Disrupt, a company from the UAE, has joined as a new investor and brings valuable, hands-on experience in running businesses.
Disrupt.com has promised to invest $100 million to support the next generation of AI-focused and tech startups around the world.
According to the statement, Truely will benefit from Disrupt.com’s strong hands-on support and connections to top industry experts around the world.
“It’s incredible to have investors who share that vision alongside our team. We have a lot planned, and we’re going to keep executing,” said Simon Landsheer, Co-Founder and Chief Executive Officer of Truely.
Since officially launching in 2025, Truely has been helping travellers who are tired of dealing with eSIM resellers and expensive roaming fees.
The company offers unlimited data plans designed for frequent travellers who want smooth, hassle-free connectivity without roaming charges.
At the same time, the company is expanding worldwide by working with online travel agencies, airlines, and fintech super-apps. These partnerships help the company reach more customers quickly.
This growth comes from both the app that users can use directly and a new set of tools for developers. These tools help partners connect better with Truely and offer more ways to use its services.
“What sets Truely apart in the eSIM landscape is their fundamental technology,
“Unlike many other providers who simply resell existing services with thin margins and unsustainable cash burn, Truely has built a proprietary Switchless™ platform,” said Herston Powers, Founding Managing Partner at 1982 Ventures.
He said that their technology helps them save money, work more reliably, and create new features faster, which means a better experience for users.
“That’s the kind of sustainable, tech-driven model we believe in,” he added.
Makoto Ibi and Yuma Nishikawa from DG Daiwa Ventures said their investment gives Truely easy access to essential partners, payment systems, and business connections in Japan and East Asia, a region where travelers spend a lot of money abroad.
“The market opportunity is immense, and we are excited to support Truely not only as investors but also as enthusiastic advocates of their service,
“We see significant potential in tackling the growing inbound travel to Japan and partnering with Japanese corporations to drive further expansion,” they added.
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