Singapore’s Airalo Becomes Unicorn After Raising $220 Million In CVC-Led Round

Singapore’s Airalo Becomes Unicorn After Raising $220 Million In CVC-Led Round

Airalo’s funding round comes as funding raising in Southeast Asia remains weak. The region’s startups raising $2 billion in the first half of this year, down 24% from the previous year, data from research firm Tracxn show.

Singapore-founded Airalo becomes the first eSIM unicorn with an investment round of $220M

Airalo, a Singapore-founded eSIM provider, announced Thursday a $220 million investment led by new investor, CVC. The investment includes new growth capital valuing Airalo at over $1 billion, marking its status as the industry’s first unicorn, the firm said in a statement. Airalo said the company is scaling faster than ever, and this latest funding will further accelerate its growth. The investment includes $185 million from lead investor CVC (t…

Singapore-based eSIM platform Airalo raises US$220 million, achieves unicorn status

Singapore-based travel eSIM platform Airalo has secured US$220 million (S$281.7 million, conversion rate US$1 = S$1.28) in a funding round, pushing its valuation to over US$1 billion and making it the industry’s first unicorn. The round was led by a new investor, CVC, a Luxembourg-based firm which contributed US$185 million through its Asia Fund VI. Existing financiers Peak XV and Antler Elevate also participated in the round. Airalo plans to us…

Canadian co-founded eSIM provider Airalo hits unicorn status

Airalo, a Delaware-based embedded SIM (eSIM) provider co-founded by Canadian Abraham Burak, has achieved “unicorn” status by surpassing a $1-billion USD valuation through a $220 million USD ($300 million CAD) Series C round.  The raise was led by global private equity firm CVC Capital Partners, which provided $185- million USD through its CVC Asia Fund VI. Returning investors Peak XV and Antler Elevate also participated in the round.  eSIMs hav…

Airalo becomes the first eSIM unicorn with an investment round of $220mln

Backed by strong global demand, Airalo is scaling its eSIM solutions and infrastructure to power the next generation of travel with borderless mobile access for consumers and businesses alike

Airalo becomes first eSIM unicorn with US$220m funding led by CVC

Airalo, the world’s largest eSIM marketplace, has secured US$220 million in a funding round led by private equity giant CVC, pushing the company’s valuation past the US$1 billion mark and officially making it the first unicorn in the eSIM sector. The fresh capital injection — including US$185 million from CVC’s Asia Fund VI — comes […] The post Airalo becomes first eSIM unicorn with US$220m funding led by CVC appeared first on techcoffeehouse.co…