Airalo, the pioneering eSIM marketplace revolutionizing global connectivity and which forms part of GO Ventures' portfolio, announced last week the successful completion of its Series B financing round, raising an impressive $60 million. Led by e& capital, the investment arm of global technology group e&, this round brings Airalo's total funding to $67.3 million.
This significant capital injection will propel Airalo's growth plans, including expanding its vibrant community of millions of users, amplifying its global team, and introducing Airalo Partners-an innovative connectivity solution tailored to businesses and organizations across the globe.
By 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.
Co-founders Abraham Burak and Bahadir Ozdemir expressed their gratitude for the company's progress and the ongoing support of its growing investor network, 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."
GO Ventures' Head of Investments Paul Grech congratulated Airalo on this milestone. "The current capital market is not an easy one so to close such a significant round is an impressive achievement that rewards Airalo for the strong performance so far. Having been with Airalo from earlier days, we have seen the company grow, driven by their mission to make communication as easy as possible. We're excited to see how Airalo will continue to evolve as it grows further."
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's exceptional services have garnered the trust of millions of users worldwide. The company's remote-first approach has fostered a diverse and talented team of over 250 professionals hailing from 44 countries and six continents. This dedicated team includes a global partnerships squad, which nurtures strong collaborations with businesses and organizations worldwide.
Testament to its global appeal, the Airalo website and app are available in 22 languages, with an expansion plan to offer support in 53 languages in the near future. The Airalo app currently boasts a remarkable rating of 4.7 stars on the App Store and 4.6 stars on the Google Play Store, while being the #1 travel app in mobile app stores in multiple countries, further affirming its user satisfaction.
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 is poised to accelerate its expansion, ensuring that travelers around the world can stay seamlessly connected, no matter their destination.