Aspirity agrees Onomondo majority deal with over €100m investment

Aspirity’s Nordic debut brings more than €100m to Onomondo

British private equity firm Aspirity Partners has agreed to buy a majority stake in Danish Internet of Things infrastructure company Onomondo, leading a combined investment exceeding €100 million, according to EU-Startups. The parties have signed a definitive agreement; the report does not describe a completed acquisition.

Denmark’s sovereign investment fund EIFO will increase its backing alongside Aspirity. EIFO has invested in Onomondo since 2021, giving the transaction continuity with an existing shareholder as the company prepares for a change in majority ownership.

The agreement marks Aspirity’s first investment in the Nordic region. EU-Startups previously reported the €875 million final close of the firm’s inaugural fund in 2025, providing the backdrop to its move into Danish connectivity infrastructure.

The combined investment figure is not presented as Onomondo’s valuation or the price of the majority stake. The source does not specify how the commitment is divided between Aspirity and EIFO, an important distinction for investors assessing the transaction’s size and structure.

A Copenhagen platform connecting ships, factories and global networks

Founded in 2012 and headquartered in Copenhagen, Onomondo supplies the infrastructure businesses use to connect physical devices and move their data. According to EU-Startups, its technology spans devices, radio access networks and cloud systems, with patented Cloud Connectors forming part of its proprietary platform.

Onomondo provides native access to nearly 700 networks worldwide. Its approach brings network management into a common system, rather than requiring enterprise customers to coordinate each element of their connected operations separately. That gives the business a role beyond simply supplying a connection to a device.

More than 500 customers use Onomondo’s technology, including Maersk, Carlsberg and Husqvarna, EU-Startups reports. Its applications include gathering and using operational data from trucks, factories and remote industrial locations where conventional connectivity can be difficult to maintain.

Maritime deployment offers a concrete example of that capability. Onomondo’s private LTE network covers more than 450 Maersk vessels and allows connected assets to move between onboard private networks and public networks internationally. EU-Startups describes the installation as reportedly the world’s largest private LTE network at sea.

The company’s earlier financing includes a €20.2 million round led by Verdane in 2022, previously covered by EU-Startups. The new transaction therefore follows an established history of external investment rather than representing Onomondo’s first institutional backing.

Other European connectivity businesses have also attracted capital in 2026. EU-Startups cites €6.5 million for Warsaw-based Microamp’s industrial 5G and 6G networks, a €27 million Series A for Paris-based UNIVITY’s space-based 5G connectivity, and a €61 million Series C for Lausanne-based SWISSto12.

Investment has extended into the systems that handle industrial data closer to its source. The same reporting identifies a €10 million growth investment in Dutch industrial edge platform Helin and a €5 million round for Cologne-based United Manufacturing Hub. These are distinct parts of the connected-infrastructure market, rather than directly comparable transactions.

Executives point to data infrastructure and commercial opportunities

Henrik Aagaard, Onomondo’s chief technology officer and co-founder, argues that AI has shifted the technological constraint from processing large volumes of information towards producing useful data and delivering it where it is needed. In comments reported by EU-Startups, he describes that challenge as an infrastructure problem the company has spent eight years addressing.

Chief executive Rasmus Jensen says Aspirity understood the differences between Onomondo’s technology and conventional connectivity offerings. His stated rationale for choosing the investor centres on its sector knowledge and shared ambitions for the platform, which he sees as supporting further commercial opportunities, according to EU-Startups.

Jensen also sets out a distinction in responsibility: traditional providers supply connectivity while leaving businesses to manage the surrounding operational complexity. Onomondo’s position is that bringing those functions together removes a layer of work that enterprise customers would otherwise have to undertake themselves.

For Aspirity founder and managing partner Joseph O’Mara, the investment advances a pan-European strategy. EU-Startups reports that he also credited the firm’s Innovators and Leaders with strengthening the domain knowledge behind its investment work.

International rollout is next, but target markets remain unspecified

The stated next step is to expand Onomondo’s international market presence and deploy more infrastructure, EU-Startups reports. The material does not identify priority countries, a deployment timetable or a specific UK expansion programme, so the British investor’s involvement should not be read as confirmation of a UK launch.

For companies entering European markets with connected equipment, the practical consideration is whether their infrastructure can support assets across different network environments. Onomondo’s maritime operations demonstrate that requirement particularly clearly: international expansion can involve movement between private and public networks, not just adding another country to a sales plan.

Further transaction detail will also matter to investors and expansion advisers. The report gives no completion date, precise ownership percentage or allocation of spending by market. Those omissions leave the pace and geography of the next deployment phase open, even as the agreement establishes the partners and scale of the proposed backing.