I Squared Capital

I Squared Capital is an independent private equity firm specializing in infrastructure investments across various sectors, including energy, utilities, telecommunications, and transportation. The company operates globally, with a focus on North America, Europe, Asia, and Latin America. By concentrating on these critical sectors, I Squared Capital aims to identify and capitalize on opportunities that enhance infrastructure development and efficiency in diverse markets.

Ross Berger

Vice President

Peter L. Corsell

Partner

Timothy Formuziewich

Managing Director

Manish Prakash

President and Chief Business Officer

David Rosenblum

Credit Fund Partner

Past deals in NFC

1NCE

Venture Round in 2025
1NCE is a global IoT connectivity provider that delivers secure cellular connectivity and related software services for Internet of Things applications. It offers a flat-rate model across 140 countries, designed to simplify budgeting for IoT deployments. The company provides a one-off payment option for a ten-year service period, enabling affordable, long-term connection for devices used in utilities, asset tracking, vehicle telematics and other sectors. In addition to connectivity, 1NCE supplies software services and lifecycle device management to support secure data collection, deployment, monitoring and decommissioning of connected devices. Founded in 2017 and headquartered in Cologne, Germany, 1NCE serves a worldwide set of customers with scalable IoT solutions.

1NCE

Venture Round in 2022
1NCE is a global IoT connectivity provider that delivers secure cellular connectivity and related software services for Internet of Things applications. It offers a flat-rate model across 140 countries, designed to simplify budgeting for IoT deployments. The company provides a one-off payment option for a ten-year service period, enabling affordable, long-term connection for devices used in utilities, asset tracking, vehicle telematics and other sectors. In addition to connectivity, 1NCE supplies software services and lifecycle device management to support secure data collection, deployment, monitoring and decommissioning of connected devices. Founded in 2017 and headquartered in Cologne, Germany, 1NCE serves a worldwide set of customers with scalable IoT solutions.
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