Airalo, the Singapore-founded eSIM marketplace, announced Tuesday 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, Airalo said in a statement.

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 were among the prestigious group of investors who also participated.

Airalo said this diverse consortium of investors reflects the industry-wide recognition of Airalo’s transformative work in making global connectivity accessible and affordable for travelers worldwide.

It said that 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.

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

“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,” said Airalo Co-Founders Abraham Burak and Bahadir Ozdemir.

Since its establishment in 2019, Airalo has remained steadfast in its mission to democratize global connectivity, making it both accessible and affordable for travelers worldwide.

The Airalo marketplace, renowned as the world’s largest eSIM platform, empowers users with convenient access to eSIM (digital SIM) packages, allowing them to seamlessly connect to mobile networks in hundreds of destinations across the globe.

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 team of over 250 professionals in 44 countries.

Testament to its global appeal, the Airalo website and app are available in 22 languages, with plans to expand to 53 in the near future.

Airalo’s remarkable growth trajectory and unwavering commitment to transforming the travel experience have positioned it as a trailblazer and travel essential.

With the infusion of new capital and strategic partnerships, Airalo said it is poised to accelerate its expansion, ensuring that travelers around the world can stay seamlessly connected, wherever they travel.

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