We're proud to have represented Airalo in connection with its $220 million Series C financing round led by CVC Capital Partners, which valued the company at over $1 billion and made Airalo the first unicorn in the global eSIM industry.

Airalo has built something genuinely category-defining. Founded in 2019, the company created the world's first eSIM marketplace - a platform that lets travelers instantly activate affordable mobile data plans across 200+ countries without ever swapping a physical SIM card. What started as a solution to a frustrating traveler pain point has grown into a global connectivity platform trusted by more than 20 million users, with a remote team spanning 55 countries.

CVC Capital Partners led the round through its CVC Asia Fund VI, with returning investors Peak XV and Antler Elevate also participating. The proceeds are being deployed to enhance the user experience, launch unlimited data plans, and scale Airalo's enterprise platform - which already helps businesses manage global connectivity for remote teams at up to 90% lower cost than traditional roaming.

Transactions like this one are why we do what we do. Airalo is exactly the kind of founder-led, mission-driven company rewriting the rules of an established industry - and we were honored to support them at this milestone moment.