Airalo locks in $60M to expand its eSIM-based global roaming ‘marketplace’

Travel is back on the agenda after a Covid-19 hiatus, and today a mobile startup out of Canada is announcing a healthy round of funding to capitalize on that. Airalo — which uses software-based eSIM connectivity to provide a wide range of lower-cost mobile data packages, nearly 700 in all, for international travellers — has raised $60 million in a Series B round that it will be using to expand its business.
The all-equity round, values Airalo at $250 million post-money, includes a long list of financial and strategic backers, a mix that speaks to who works with the startup as a bus

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