eSIM provider Airalo bags $281m investment, hits $1.2b valuation

The capital value growth makes Airalo the industry’s first unicorn.

Airalo, a global eSIM provider, has raised $281m (US$220m) in its latest funding round, raising its capital value to $1.2b (US$1b).

This makes Airalo the first unicorn in the industry, the company said in a statement released on 10 July.

The latest investment includes $236m (US$185m) from lead investor CVC through its Asia Fund VI, and with support from existing investors Peak XV and Antler Elevate.

According to Airalo, this new capital will fuel the continual improvement of the customer experience, including enhanced user support, new products, and better value for money.

Airalo will also use its industry-leading platform to provide connectivity to companies, both for the needs of their employees and their customers.

Airalo now serves over 20 million travellers across more than 200 destinations.

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