#Japan #Tokyo #DGDV #Truely #Switchless eSIM

DGDV's Strategic Investment in Truely Pte. Ltd.

DGDV, the venture capital firm headquartered in Chiyoda, Tokyo, has announced its investment in Truely Pte. Ltd., a Singapore-based travel tech company known for its innovative Switchless eSIM technology. This investment participating in a funding round totaling $2 million, also saw contributions from notable investors such as Goodwater Capital, Disrupt.com, and the existing investor Beenext. With this recent funding, Truely's cumulative fundraising stands at $5.5 million.

Truely is revolutionizing the travel industry by offering eSIM solutions that utilize proprietary Switchless technology. This technology allows users to seamlessly connect to various mobile plans and carriers with a simple initial installation, significantly easing the connectivity process for travelers. Looking ahead, Truely plans to launch its next-generation product, “Truely 2.0,” in May 2025, focusing on unlimited data plans and enhancing its offerings to meet customer demands.

Moreover, Truely is expanding its B2B2C model through partnerships with online travel agencies, airlines, and fintech companies, aimed at broadening its user base and enhancing service offerings. As part of its ambitious growth strategy, the funds raised in this round will be utilized to establish a robust network infrastructure to support travelers globally. This will include the integration of additional features such as travel insurance and VPN services to enrich the overall travel experience.

In this partnership, DGDV is committed to supporting Truely's marketing and partnership strategies within Japan and East Asia, enhancing their presence in these key markets. This collaboration marks a significant step for both companies as they capitalize on the growing need for innovative travel solutions, especially in a post-pandemic world where technological connectivity is paramount.

About DGDV

DGDV is a Tokyo-based venture capital firm focused on investing in seed and early-stage startups. Founded with a mission to bridge various gaps within the Japanese and global markets, DGDV has successfully collaborated with top-tier global investors through co-investments and joint events. The firm is dedicated to nurturing cutting-edge technologies across multiple sectors, including AI, security, deep tech, climate tech, and robotics. Their overarching goal is to innovate and transform the startup ecosystem by investing in startups that aim to make a significant impact on a global scale.

By fostering strategic investments and developing synergies with promising ventures, DGDV strives to play a pivotal role in shaping the future landscape of technologies that improve lives and change industries.

For more information, visit DGDV's website.