Singapore-based eSIM marketplace Airalo announced the successful completion of its series B funding round, raising US$60 million, led by e& capital, the investment arm of e&.
Since its establishment in 2019, Airalo marketplace has been empowering users with convenient access to eSIM (digital SIM) packages, allowing them to seamlessly connect to mobile networks in hundreds of destinations across the globe.
Securing the new funding round brings Airalo’s total funding to $67.3 million.
Antler Elevate, Liberty Global, Orange, T.Capital, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India and SEA’s (now known as Peak XV Partners) Surge, KPN Ventures, and I2BF Global Ventures were among the prestigious group of investors who also participated.
This diverse consortium of investors reflects the industry-wide recognition of Airalo’s transformative work in making global connectivity accessible for travelers worldwide.
This significant capital injection will push Airalo’s growth plans, including expanding its community of millions of users, supporting its global team, and introducing Airalo Partners: an innovative connectivity solution tailored to businesses and organizations across the globe.
Co-founders Abraham Burak and Bahadir Ozdemir expressed their gratitude for the company’s progress and the ongoing support of its growing investor network, saying, “Over the past years, Airalo has discovered the pain points and improved the experience of millions of travelers by providing very aﬀordable and accessible connectivity all around the world.
This new consortium of investors will further enable us to build the gateway to instant connectivity worldwide.”
The company’s remote-first approach has fostered a diverse and talented team of over 250 professionals hailing from 44 countries and six continents. The team includes a global partnerships squad, which nurtures strong collaborations with businesses and organizations worldwide.
The Airalo website and app are available in 22 languages, with an expansion plan to oﬀer support in 53 languages in the near future.
e& capital shared its enthusiasm for joining forces with Airalo. “We are pleased to lead the Series B financing round for Airalo, a company that has come a long way over the past 18 months with a focus on providing exceptional customer experience.
“We have complete confidence in Airalo’s ability to expand its user community, strengthen its diverse team, and introduce its latest product Airalo Partners, a groundbreaking connectivity solution for global businesses and organizations,” said Kushal Shah, Managing Director, e& e& Capital is the corporate investment arm of UAE telecoms provider, e& (formerly Etisalat)
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