Digital SIM marketplace Airalo has raised $60 million in Series B funding.
The round, which brings Airalo's total funding to $67.3 including $5.4 million in late 2021, was led by e& Capital, the investment arm of technology specialist e&.
Investors including Antler Elevant, Liberty Global, Orange, T.Capital, Rakuten Capital and Telefonica Ventures also participated in the funding.
Founded in 2019, Delaware, U.S.-based Airalo said the investment will boost its growth with plans to launch Airalo Partners, a connectivity service for businesses and organizations.
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Co-founders Abraham Burak and Bahadir Ozdemir, said: "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."
Kushal Shah, managing director at e& Capital, said: “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."
Airalo currently offers its app and website in 22 languages with plans to more than double this to 53 languages.
The startup was the Summit pitch winner at the Phocuswright Conference in 2019.