Telefónica invests in Airalo in a round that closes with 54.66 million

MADRID, 2 Ago.

Telefónica invests in Airalo in a round that closes with 54.66 million


Telefónica, through Telefónica Ventures, has invested in Airalo, an eSIM company, which closes a round with 60 million dollars (54.66 million euros) in series B financing.

Airalo specializes in offering travelers a digital SIM access package that users can install to instantly connect to a mobile network at their destination.

In a statement, Telefónica explained that the capital raised will be used to increase the community of millions of Airalo users, to expand the technology company's global team and to launch 'Airalo Partners', a first-class connectivity solution for companies. and organizations around the world.

Today, Airalo is the world's leading eSIM marketplace, covering more than 200 countries and regions. His team is made up of more than 250 people spread over 44 countries and six continents.

In addition, according to the data provided by Telefónica, the Airalo website and application have millions of users around the world and are available in 22 languages, which will soon be expanded to 53.

Airalo was initially invested by Wayra UK, but as it is a strategic 'startup' for the Telefónica Group, the company has decided to invest in this round through Telefónica Ventures.

The Spanish multinational has considered that Airalo's service is key because it allows them to bring connectivity to all their customers anywhere in the world.

Airalo co-founders Abraham Burak and Bahadir Ozdemir have said that this new consortium of investors will further help them in their quest to build the gateway to instant connectivity around the world.

For her part, the General Director of Telefónica Ventures, Guenia Gawendo, stated that they are pleased to welcome Airalo to their portfolio, following one of their strategic objectives, which is to support the most promising startups in the Wayra portfolio.

Together with Telefónica, they have invested in this series B and