Onomondo ApS Due Diligence

Run due diligence on Onomondo ApS: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · onomondo.com · 28 vendors

Onomondo is a Danish IoT connectivity platform provider that offers global IoT SIM cards, eSIMs, and SoftSIMs enabling product teams to connect and manage device fleets worldwide. The platform provides full API control, SIM management, network-level security, and cloud integrations for industries such as asset tracking, telematics, smart metering, and logistics. Onomondo operates its own connectivity infrastructure, giving customers data transparency and freedom from third-party dependencies.

Resilience scores

Technology vendors

Insights

Last updated 2026-09-15 · revision 19

28 direct vendors, 268 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

7 in-scope frameworks identified; showing 3.

NIS2 (source) — Evidence found

Onomondo operates as a Mobile Virtual Network Operator (MVNO) with its own core network, classifying it as 'digital infrastructure' and an 'Essential Entity' under NIS2. The company's size and revenue also meet the directive's thresholds.

Evidence: https://onomondo.com/partner/embdes/, https://onomondo.com/, https://onomondo.com/product-update/release-notes-deprecating-connector-integrations/, https://onomondo.com/blog/onomondo-and-syniverse-break-legacy-barriers-to-simplify-iot-connectivity/, https://onomondo.com/connectivity-management-platform/sim-management/, https://response.nordicsemi.com/partner-program-onomondo

ISAE 3000 (source) — No public evidence

ISAE 3000 is a versatile assurance standard that could be used to provide assurance over a wide range of Onomondo's operations, such as the reliability of their network uptime statistics or the security of their data handling processes, if required by customers.

Evidence: https://onomondo.com/iot-regions/?topic-category=sims&content-type=case-story

ISO 27001 (source) — Evidence found

As a provider of global IoT connectivity, information security is paramount. ISO 27001 is the leading international standard for information security management, making it a critical framework for Onomondo to adopt to demonstrate its commitment to security.

Evidence: https://onomondo.com/product/softsim-for-simcom/

Financials

Three-year financials

Financial Resilience Score: 6/10

Onomondo shows a strongly improving financial trajectory, with gross profit scaling nearly 9x from DKK 6.6M in FY2023 to DKK 56.7M in FY2025 while headcount grew only modestly from 72 to 81. Operating losses narrowed by approximately 73% over the same period (from DKK -42.4M to DKK -11.5M), demonstrating strong operating leverage from its subscription-based IoT connectivity model. The company benefits from a blue-chip customer base including Bosch, Carlsberg, MAN Energy Solutions and Maersk, providing revenue quality and recurring subscription income. However, the company remains loss-making and equity-consumptive. Equity has fallen from DKK 148M in 2022 to DKK 68.6M in 2025, reflecting cumulative losses eroding the DKK 150M Series A raised in 2022. At the current burn rate, an additional funding round would likely be needed within 5-6 years absent profitability. Reputable institutional backers (Verdane, Maersk Growth, Danish Growth Fund) provide funding credibility, and differentiated technology (SoftSIM, unified 600+ carrier network across 180+ countries) supports the growth thesis. Overall, resilience is moderate: strong momentum and investor backing offset by ongoing losses and limited financial transparency as a Danish ApS class B filer.

Key strengths: Gross profit scaled ~9x in two years (DKK 6.6M to DKK 56.7M), Operating losses narrowed 73% from FY2023 to FY2025, Strong operating leverage: headcount grew only from 72 to 81 while gross profit rose 9x, Blue-chip customer base: Bosch, Carlsberg, MAN Energy Solutions, Maersk, Recurring subscription revenue model with pricing from EUR 0.003/MB, DKK 150M Series A (2022) from Verdane, Maersk Growth, People Ventures, Danish Growth Fund, Differentiated cloud-native tech: 600+ carriers, 180+ countries, SoftSIM innovation, Total funding of $31.5M across 9 rounds

Risk factors: Still loss-making with net loss of DKK -12.4M in FY2025, Equity eroded from DKK 148M (2022) to DKK 68.6M (2025), Additional funding round likely needed within 5-6 years if profitability not reached, CEO transition risk: co-founder Michael Karlsen stepped back in early 2025, Competitive intensity from Airalo, Kolet, Nomad, Roamless, Revenue not disclosed (Danish ApS reporting class B), reducing transparency, 2022 hiring plan (50 to 100 by end-2022) missed, only crossed 80 in 2024

Workforce by country

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