LEWES, Del., Aug. 1, 2023 — Airalo, the groundbreaking eSIM marketplace revolutionizing global connectivity, announced the successful completion of its Series B financing round, securing an impressive USD 60 million in funding.
The round was led by e& Capital, the investment arm of e&, a global technology group, bringing Airalo’s total funding to USD 67.3 million. A prestigious group of investors, including Antler Elevate, Liberty Global, Orange, T.Capital, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India, SEA’s (now known as Peak XV Partners) Surge, KPN Ventures, and I2BF Global Ventures, also participated. This diverse consortium of investors reflects the widespread recognition of Airalo’s transformative efforts in making global connectivity accessible and affordable for travelers worldwide.
The substantial capital infusion will fuel Airalo’s growth plans, which include expanding its user community of millions, bolstering its global team, and introducing Airalo Partners—a novel connectivity solution for businesses and organizations. Combining cutting-edge technology with a user-centric approach, Airalo continues to empower travelers with seamless access to mobile networks, elevating 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 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.”
With coverage extending to over 200 countries and regions, Airalo has earned the trust of millions of users globally. The company’s remote-first approach has fostered a diverse team of over 250 professionals in 44 countries. Demonstrating its global appeal, the Airalo website and app are available in 22 languages, with plans to expand to 53 languages shortly. The Airalo app has received high ratings of 4.7 stars on the App Store and 4.6 stars on the Google Play Store, solidifying its reputation for user satisfaction. It has also been ranked the #1 travel app in multiple countries.
Airalo’s impressive growth trajectory and unwavering commitment to transforming the travel experience have positioned it as a trailblazer and an essential tool for travelers. With the infusion of new capital and strategic partnerships, Airalo is poised to accelerate its expansion, ensuring travelers worldwide can stay seamlessly connected wherever they go.
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