Airalo, world’s largest eSIM marketplace, raises $60mn

Airalo eSIM marketplace
Image by alexdndz | Bigstockphoto

eSIM global connectivity marketplace

Airalo, the pioneering eSIM global connectivity marketplace, has announced the successful completion of its Series B financing round, raising an impressive $60 million. The diverse consortium of investors (listed below) reflects the industry-wide recognition of Airalo’s transformative work in making global connectivity accessible and affordable for travellers worldwide.

Led by e& capital, the investment arm of e&, the global technology group, this 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.

Introducing Airalo Partners

This significant capital injection will propel the company’s growth plans, including expanding its community of millions of users, amplifying its global team, and introducing Airalo Partners—an innovative connectivity solution for businesses and organizations. Combining cutting-edge technology and a user-centric approach, it continues to empower travellers with seamless access to mobile networks, transforming their journeys into unforgettable experiences.

Co-founders Abraham Burak and Bahadir Ozdemir expressed their gratitude, stating, “Over the past years, Airalo has alleviated the pain points and improved the experience of millions of travellers 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.”

Airalo eSIM marketplace
Airalo co-founders, Bahadir Ozdemir and Abraham Burak

Coverage spanning over 200 countries and regions

With coverage spanning over 200 countries and regions, the company has garnered the trust of millions of users worldwide. The company’s remote-first approach has fostered a diverse team of over 250 professionals in 44 countries. Testament to its global appeal, the Airalo website and app are available in 22 languages, with plans to expand to 53 in the near future. The app boasts a rating of 4.7 stars on the App Store and 4.6 stars on the Google Play Store while being the #1 travel app in multiple countries, further affirming its user satisfaction.

Airalo’s remarkable growth trajectory and commitment to transforming the travel experience have positioned it as a trailblazer and travel essential. With the infusion of new capital and strategic partnerships, Airalo is poised to accelerate its expansion, ensuring that travellers around the world can stay seamlessly connected wherever they travel.

Related article: How eSIMs could totally disrupt the smart-device market

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