DUBAI, United Arab Emirates--(BUSINESS WIRE)--Aug 2, 2023--
Airalo, the pioneering eSIM marketplace revolutionizing global connectivity, announced today the successful completion of its Series B financing round, raising an impressive $60 million. Led by e& capital, the investment arm of e&, the global technology group, this brings Airalo's total funding to $67.3 million.
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Airalo, World's Largest eSIM Marketplace, Raises $60 Million in Series B Financing (Photo: Business Wire)
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 significant capital injection 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.
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 on our quest to build the gateway to instant connectivity worldwide."
In light of the successful funding round, 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. 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,” said Kushal Shah, Managing Director, e& capital.
With coverage spanning over 200 countries and regions, Airalo has garnered the trust of millions of users worldwide. The company's remote-first approach has fostered a diverse and talented team of 250+ professionals. Its website and app are available in 22 languages, with plans to expand to 53 in the near future. The Airalo app boasts a rating of 4.7 stars on the App Store and 4.6 stars on the Google Play Store, and is the #1 travel app in multiple countries.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230802155682/en/
CONTACT: Airalo Communications Team
press@airalo.com
KEYWORD: MIDDLE EAST UNITED ARAB EMIRATES
INDUSTRY KEYWORD: PROFESSIONAL SERVICES SEMICONDUCTOR TECHNOLOGY TELECOMMUNICATIONS MOBILE/WIRELESS FINANCE HARDWARE
SOURCE: Airalo
Copyright Business Wire 2023.
PUB: 08/02/2023 05:33 AM/DISC: 08/02/2023 05:29 AM
http://www.businesswire.com/news/home/20230802155682/en
