Airalo – a pioneering eSIM marketplace revolutionizing global connectivity – recently announced the successful completion of its Series B financing round, raising an impressive $60 million. The funding round – which was led by e& capital (the investment arm of e&).
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 investors that participated.
This significant funding round will propel Airalo’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.
With coverage spanning over 200 countries and regions, Airalo garnered the trust of millions of users worldwide. And the company’s remote-first approach has fostered a diverse and talented team of 250+ professionals. The company website and app are available in 22 languages with plans to expand to 53 in the near future.
KEY QUOTES:
“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.”
— Co-founders Abraham Burak and Bahadir Ozdemir
“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. We believe that Airalo has the potential to become a travel essential and are excited to support their journey towards becoming the definitive gateway to instant connectivity worldwide.”
— Kushal Shah, Managing Director, e& capital
