I Squared Capital, a Miami-based independent global infrastructure investment manager, has announced an investment in 1NCE, a provider of connectivity and software for the internet of things (IoT) at a global flat rate. The investment is through I Squared Capital’s Global InfraTech Fund, which targets innovative growth-stage companies applying transformative technologies, like IoT, to key sectors, including transportation and logistics, the energy transition, and digital infrastructure.
1NCE previously announced investments from SoftBank and Deutsche Telekom, among others. The company’s mission is to deliver global IoT services that allow customers to deploy, connect and manage IoT sensors across the world for as little as $10 for 10 years.
“1NCE has the in-house technology and key industry partnerships necessary to become an IoT powerhouse,” says Kevin Crull, managing director and Global InfraTech Fund Partner at I Squared Capital. “We see strong growth pote