Funding

Roamless funding news – Telecoms Startup Roamless Secures $5Million Seed Funding

Jun 13, 2024 | By Startup Rise EU

Roamless, known for its eSIM technology and pay-as-you-go model, secures $5million seed funding to bolster its international growth. Leading Middle Eastern and North African investment firm Shorooq Partners sponsored the transaction, which marks the company's first venture in Turkey.

SUMMARY

Roamless, known for its eSIM technology and pay-as-you-go model, secures $5million seed funding.
Roamless is a mobile app that provides global mobile connectivity solutions.

With its pay-as-you-go strategy and eSIM technology, roamless is well-known for improving travel connectivity. With its unbroken internet and international calling across 150 countries, it has added roughly 100,000 members since its October 2023 public beta launch.

Travellers can enjoy more flexibility and accessibility with it compared to typical eSIM solutions that come with expiring plans and expensive roaming fees. Participating in the round were Revo Capital, Paribu Ventures, Finberg, and Deba Ventures.

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Utku Dorduncu, director at Paribu Ventures, added, "Roamless's strong founding team, advanced infrastructure, and highly differentiated eSIM product make it an excellent fit for our investment strategy."

About Roamless

Roamless is a mobile app that provides global mobile connectivity solutions. It offers a seamless way to stay connected when you travel, without the need for physical SIM cards or high roaming charges.