A Boost to the eSIM Marketplace: Airalo Successfully Raises $67.3 Million in Series B Financing

eSIM technologies, as we know, have revolutionizes the way users are able to connect with mobile networks. Unlike traditional physical SIMs, eSIMs are embedded directly into IoT devices, enabling users to switch carriers more flexibly. (i.e. without the needs for physically swapping cards) With eSIMs, today’s interested consumers may remotely activate, download and manage multiple mobile network profiles, all on just one single device. This has brought about a wave of eSIM empowerment while, in turn, simplifying provisioning, reducing deployment costs, and enhancing scalability.

In that vein, there is Airalo.

Trusted by more than 100,000 users worldwide (and in more than 200 total countries and regions), Airalo and its eSIM marketplace solve the pain of high roaming bills by providing access to its eSIMs. This is very much in line with the company’s mission: To provide global data connectivity for all travelers, breaking them free from the roaming limits that have, according to the company, “been broken for years.”

The long story short? Airalo provides impactful eSIM coverage solutions that improve the travels – and connected lives, overall – of as many people as possible.

Last week, Airalo announced another success: The company successfully completed its Series B financing round, raising $67.3 million in the process.

This is huge for Airalo. As its co-founders Abraham Burak and Bahadir Ozdemir (shown above) described:

“Over the past several years, Airalo has alleviated the pain points – and improved the experiences of – millions of travelers by providing our very affordable and accessible connectivity all around the world. This new consortium of investors will further enable us on our quest to build the gateways to instant connectivity worldwide.”

The consortium Burak and Ozdemir are referring to include e& capital (the investment arm of e&), as well as Antler Elevate, Liberty Global, Orange, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India and several others.