Airalo

Last updated
AirGSM Pte. Ltd.
Airalo eSIM
Company type Private
IndustryTelecommunications, Travel
Founded2019;5 years ago (2019)
FounderAbraham Burak, Bahadir Ozdemir
Headquarters
US
Area served
Worldwide
Services eSIM
MembersOver 10 million
Number of employees
200+ (2024)
Website www.airalo.com

Airalo is a US-based global eSIM marketplace. It provides travelers with eSIMs in 200 countries and regions, giving Internet access abroad. As of March 31, 2024, the Airalo app has over 10 million users and is available in 53 languages. [1] [2] [3] [4] [5] [6]

History

Airalo is a US-based startup founded in 2019 by digital entrepreneurs Abraham Burak and Bahadir Ozdemir. [7] [8]

In 2019, Airalo secured $1.9 million in seed funding from Antler and Sequoia Capital India's seed fund Surge. [9]

In 2021, it secured $5 million in Series A financing, [10] [9] followed by $60 million Series B financing round in 2023, led by e& Capital, the venture arm of e& (better known as the UAE-based carrier Etisalat), with participation from startup 'generator' Antler Elevate, Liberty Global, Rakuten Capital, Singtel Innov8, Surge (the early-stage fund run by Peak XV, formerly known as Sequoia Capital India and SEA), Orange, T Capital (the venture arm of Deutsche Telecom), KPN Ventures, Telefónica Ventures and I2BF Global Ventures. [7] [11] [12] [1] [2] [13] [14] [5]

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References

  1. 1 2 Muzoriwa, Kudakwashe (2023-08-02). "Airalo raises $60m in fundraising round led by e& Capital" . Retrieved 2024-04-22.
  2. 1 2 Lunden, Ingrid (2023-07-31). "Airalo locks in $60M to expand its eSIM-based global roaming 'marketplace'". TechCrunch. Retrieved 2024-04-22.
  3. ↑ "UAE's e& leads $60 million funding round for Airalo's eSIM marketplace - Edge Middle East". Edge Middle East. 2023-08-02. Retrieved 2024-04-22.
  4. ↑ Yow, Daphne (2023-08-02). "eSIM platform Airalo raises US$60 million in Series B funding". The Business Times. Retrieved 2024-04-22.
  5. 1 2 "Airalo eSIM marketplace raises USD 60 mln in new funding round". www.telecompaper.com. 2023-08-02. Retrieved 2024-04-22.
  6. ↑ Sharma, Shubham (2019-10-11). "Airalo is world's first eSIM store and here's how it plans to change the telecommunication industry forever". Silicon Canals. Retrieved 2024-04-22.
  7. 1 2 Hoon, Yeoh Siew (2023-08-21). "A minute of silence for the physical SIM card, please". WiT. Retrieved 2024-04-22.
  8. ↑ Cordon, Miguel (2019-10-09). "Sequoia Capital reveals 20 startups in second Surge cohort". www.techinasia.com. Retrieved 2024-04-22.
  9. 1 2 Sri, Deepti (2021-10-11). "Rakuten, Sequoia, and more pour $5.4m into traveltech firm". www.techinasia.com. Retrieved 2024-04-22.
  10. ↑ Morris, Anne (2021-10-13). "Wayra buys into eSIM startup Airalo". TelcoTitans.com. Retrieved 2024-04-22.
  11. ↑ "People thought we were crazy to invest in Airalo during the pandemic…They just raised a $60M Series B". www.wayra.uk. 2023-08-08. Retrieved 2024-04-22.
  12. ↑ "Airalo Raises $60M in Series B Financing". FinSMEs. 2023-08-01. Retrieved 2024-04-22.
  13. ↑ "Airalo Secures $60 Million To Expand Its eSIM-Based Global Roaming Marketplace". Tech Company News. 2023-08-01. Retrieved 2024-04-22.
  14. ↑ "Airalo, a company in GO Ventures' portfolio, raises $60 million in Series B financing -". www.independent.com.mt. The Malta Independent. Retrieved 2024-04-22.
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