eSIM Startup Airalo Concludes Series B Round with $60 Million Investment

Airalo, the Singapore-based eSIM marketplace, announced the completion of its Series B financing round on August 1, raising an impressive $60 million. This round of funding, led by e& capital, the investment arm of e&, the global technology group, brings Airalo's total funding to $67.3 million, according to a statement from the company.

Among the prestigious investors who took part were Antler Elevate, Liberty Global, Orange, T.Capital, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India, and Southeast Asia's (now known as Peak XV Partners) Surge, KPN Ventures, and I2BF Global Ventures.

This diverse consortium of investors, according to Airalo, reflects industry-wide recognition of Airalo's transformative work in making global connectivity accessible and affordable for travellers worldwide.

This significant capital injection, according to the company, will propel Airalo's growth plans, including expanding its community of millions of users, expanding its global team, and introducing Airalo Partners—an innovative connectivity solution for businesses and organisations.

Airalo continues to empower travellers with seamless access to mobile networks, transforming their journeys into unforgettable experiences by combining cutting-edge technology and a user-centric approach.

"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 over the world. "This new consortium of investors will further enable us in our quest to build the gateway to instant connectivity worldwide," said Airalo Co-Founders Abraham Burak and Bahadir Ozdemir.