The Penthouse, Triq Manwel Dimech, Sliema
[email protected]
+356 7950 1630
Shop Cart Checkout

Airalo Successfully Raises $60 Million in Series B Funding Round

Airalo Successfully Raises $60 Million in Series B Funding Round
by
August 10, 2023
in Business News, NEWS Malta
196

The groundbreaking eSIM marketplace platform, Airalo, which is revolutionizing global connectivity and is part of the GO Ventures portfolio, announced the successful completion of its Series B funding round last week. An impressive $60 million was raised in this round. The round was led by e& capital, the investment arm of the global technology group e&, and it brings Airalo’s total funding to $67.3 million.

This significant infusion of capital will drive Airalo’s growth plans, including expanding its vibrant community of millions of users, strengthening its global team, and introducing “Airalo Partners” – an innovative connectivity solution tailored to businesses and organizations worldwide.

By combining cutting-edge technology with 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 continuous support from their growing network of investors. They stated, “Over the past years, Airalo has alleviated pain points and enhanced the experience of millions of travelers by providing highly affordable and accessible connectivity across the globe. This new consortium of investors will further empower us to build a global gateway to instant connectivity.”

Paul Grech, Head of Investments at GO Ventures, congratulated Airalo on reaching this milestone. “In the current capital market landscape, closing such a significant funding round is an impressive achievement, rewarding Airalo for its strong performance thus far. We’ve been with Airalo since its early days and have witnessed its evolution, driven by its mission to simplify communication. We’re eagerly anticipating Airalo’s continued evolution as it grows.”

Since its establishment in 2019, Airalo has remained steadfast in its mission to democratize global connectivity, making it accessible and affordable for travelers worldwide. The Airalo marketplace, recognized as the world’s largest eSIM platform, offers users convenient access to eSIM packages (digital SIM cards), enabling them to seamlessly connect to mobile networks in hundreds of travel destinations worldwide.

With coverage spanning over 200 countries and regions, Airalo has earned the trust of millions of users worldwide. The company’s remote-first approach has fostered a diverse and talented team of over 250 professionals from 44 countries and six continents. This dedicated team also includes a global partnerships department that nurtures strong collaborations with businesses and organizations worldwide.

The global appeal of Airalo is evident by its website and app being available in 22 languages, with plans to expand support to 53 languages in the near future. The Airalo app currently boasts an impressive rating of 4.7 stars on the App Store and 4.6 stars on the Google Play Store. It has also achieved the status of being the top travel app in multiple countries’ mobile app stores, further attesting to user satisfaction.

Airalo’s remarkable growth trajectory and unwavering commitment to transforming the travel experience position it as a pioneer and essential companion for travelers. With new capital infusion and strategic partnerships, Airalo is poised to accelerate its expansion, ensuring seamless connectivity for travelers around the world, regardless of their destination.

Frequently Asked Questions (FAQs)

What licenses has Airalo obtained in Ukraine?

Airalo has successfully obtained licenses to operate betting and online casino services from the Commission for Regulation of Gambling and Lotteries in Ukraine.

Which E-Sport tournaments does Airalo support?

Airalo is renowned for its partnerships with E-Sport tournaments in CS:GO and Dota 2, as well as its support for E-Sport teams like Navi and Team Vitality.

When will Airalo commence operations in Ukraine?

While the exact start date has not been announced, Airalo has confirmed that operations will begin shortly.

What betting options does Airalo provide?

Airalo offers a wide range of betting options, including bets on over 30 E-Sport disciplines and opportunities for traditional and virtual sports.

What are Airalo’s goals concerning sports in Ukraine?

In addition to its focus on E-Sport, Airalo plans to promote sports in Ukraine through investments in sports-related social projects and collaboration with significant sports figures.

Share

I have over 10 years' experience proofreading and editing where spelling and grammar were paramount. This includes newspaper publication and designing advertisements. I personally write all my articles.This allows me to do in-depth research and provide premium content.

Recommended Posts