Airalo, a prominent digital SIM marketplace, has successfully raised $60 million in its Series B funding round. This substantial investment further bolsters Airalo’s position in the market and brings its total funding to $67.3 million, including the $5.4 million raised in late 2021.
The Series B funding was led by e& Capital, the investment arm of technology specialist e&, highlighting the confidence of industry experts in Airalo’s potential. Alongside e& Capital, several other significant investors also participated in the funding round, including Antler Elevant, Liberty Global, Orange, T.Capital, Rakuten Capital, and Telefonica Ventures.
Fueling Growth and Innovation
Airalo, founded in 2019 and based in Delaware, U.S., has exciting plans for utilizing the new investment to boost its growth and expand its services. Among its forthcoming initiatives is the launch of “Airalo Partners,” a groundbreaking connectivity service specifically designed for businesses and organizations. This move reflects Airalo’s commitment to providing accessible and efficient connectivity solutions worldwide.
Co-founders’ Vision
Abraham Burak and Bahadir Ozdemir, co-founders of Airalo, expressed their dedication to enhancing the experience of millions of travelers. Through their affordable and accessible connectivity options, Airalo aims to become the gateway to instant global connectivity. The new consortium of investors further empowers Airalo in its pursuit of this vision.
Kushal Shah, managing director at e& Capital, shared his enthusiasm for leading the Series B financing round. He commended Airalo’s focus on delivering exceptional customer experiences and expressed confidence in the company’s potential to expand its user community. Additionally, Shah acknowledged Airalo’s diverse team and its plans to introduce Airalo Partners, a revolutionary connectivity solution for global businesses and organizations. Investors strongly believe that Airalo has the potential to become an essential service for travelers worldwide.
Expanding Language Accessibility
Airalo is dedicated to enhancing its user experience and accessibility. Currently, its mobile app and website are accessible in 22 languages. However, the company has set a goal to exceed this number by over 100%, reaching 53 languages to serve a wider global audience.
Conclusion
The successful Series B funding of $60 million marks a significant milestone for Airalo, positioning it as a key player in the digital SIM marketplace. With the backing of a strong consortium of investors, the company is well-equipped to expand its services, deliver exceptional customer experiences, and launch the innovative Airalo Partners. As Airalo strives to become the definitive gateway to instant global connectivity, its growth trajectory seems promising.
TL;DR
Airalo, the digital SIM marketplace, has secured $60 million in Series B funding led by e& Capital, with participation from other notable investors. The total funding of $67.3 million, including previous rounds, will fuel Airalo’s growth and the launch of Airalo Partners, a connectivity service for businesses and organizations. Co-founders express their commitment to enhancing travelers’ experiences, and investors show confidence in Airalo’s potential to become a travel essential worldwide. The company also plans to expand language accessibility to cater to a broader global audience.
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