The Singapore-based eSIM marketplace, Airalo, revealed on Tuesday that its $60 million Series B financing round had been completed successfully.
With this investment, Airalo has raised $67.3 million in total funding, led by e& capital, the investment division of e&, the global technology group, the company said in a statement.
The esteemed group of investors that also took part included Antler Elevate, Liberty Global, Orange, T.Capital, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India, and Southeast Asia’s (now known as Peak XV Partners) Surge, KPN Ventures, and I2BF Global Ventures.
According to Airalo, this broad group of investors demonstrates how the industry as a whole recognizes Airalo’s groundbreaking work in lowering the cost of international connectivity for tourists from all over the world.
According to the statement, this sizeable capital infusion will support Airalo’s expansion goals, which include growing its user base to millions, strengthening its global staff, and launching Airalo Partners, a cutting-edge connectivity option for companies and organizations.
By fusing state-of-the-art technology with a user-centric methodology, Airalo keeps enabling travelers to effortlessly access mobile networks, turning their travels into life-changing experiences.
“Over the past years, Airalo has alleviated 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 on our quest to build the gateway to instant connectivity worldwide,” said Airalo Co-Founders Abraham Burak and Bahadir Ozdemir.
Airalo was founded in 2019 with the unwavering goal of democratizing global connectivity and making it accessible and reasonably priced for all travelers.
As the largest eSIM platform in the world, Airalo Marketplace gives users easy access to eSIM (digital SIM) packages, enabling them to connect to mobile networks in hundreds of locations worldwide.
With coverage in more than 200 nations and regions, millions of users all over the world have come to trust Airalo.
Over 250 professionals from 44 countries make up the company’s diverse team thanks to its remote-first philosophy.
