Roamless, the new generation travel internet and international calling start-up with eSIM technology, secures $2.6 million funding
Wilmington, DE – Myne Technologies Inc., a US start-up founded in 2023 and doing business as Roamless, announced today that it has raised $2.6 million from leading European investors. The funding was led by Paribu Ventures and Revo Capital with participation from DeBa Ventures and a group of angel investors. The funds will be used for expansion into new markets.
Offering a flexible and accessible travel internet and international calling experience to travelers, Roamless was launched in public beta in October 2023. It is currently available in 62 countries with data service, as well as international calling to 200 countries. In contrast to the existing solutions and eSIM marketplaces, Roamless operates with its proprietary eSIM technology and employs a 'pay-as-you-go' model. Roamless stands out by providing users with a unique experience, free from expiring eSIM plans, hidden fees and expensive roaming charges
Roamless was founded by Ali Gazioglu, Asım Alp, Emre Demirel, Selim Aykut and Cengiz Oztelcan, an experienced group of executives from global telecom and ICT industries. Ali Gazioglu (CPO) and Asım Alp (CTO) have been active in the telecom industry for over a decade as co-founders of Linxa, a leading B2B telecom software company based in the UK and Turkey. Emre Demirel (CEO) is a former partner at Turkven Private Equity. Selim Aykut(CXO) is a former Director at Accenture/Fjord and later at ATOLYE Dubai. Cengiz Oztelcan (Board Member), is a long-running telecom and ICT executive with various CEO roles across the industry.
Emre Demirel, Co-Founder & CEO, Roamless:
"We are thrilled to announce the successful completion of this initial fundraise for Roamless. This investment not only validates the strength of our team, and our user-centric product vision, but also enables us to accelerate our mission to lead a digital transformation in the telecom industry, similar to what we experienced in payments and banking. We are grateful for the support of our early stage investors and excited about the opportunities that lie ahead."
Cenk Bayrakdar, Founding Partner and Managing Director of Revo Capital:
"The relatively new eSIM technology has caught our attention due to its rapid growth potential driven by increasing customer awareness and the multitude of opportunities within the market. We believe that Roamless is a very strong solution for providing instant connectivity worldwide. With this technology, travelers can use mobile data in 62 countries and make calls to more than 200 countries using a single eSIM without waiting for their balances to expire. We trust in the high motivation and competence of the founding team with expertise in telecommunications and software, and we are excited to support their growth journey."
Utku Dorduncu, Director at Paribu Ventures:
“At Paribu Ventures, we constantly try to identify the next trends and invest in strong teams developing disruptive technologies not only in the blockchain space but also in different verticals. Roamless has been a great fit with its exceptionally strong founding team, advanced back-end infrastructure and highly differentiated and disruptive eSIM product, which has the potential to become a platform for a wide range of services to a global audience. Additionally, we will investigate potential areas of collaboration between Paribu's extensive user community of over 6 million for the advantage of the Roamless platform."
Barbaros Ozbugutu, Founding Partner at DeBa Ventures:
"We believe that we are on the verge of a transformation in the telecom industry similar to the one we witnessed in fintech the last decade, thanks to eSIM and other new technologies. We are confident that teams like Roamless, bringing together experiences from different backgrounds, will be pioneers in this transformation."
Having reached 15,000 users since launching in public beta, Roamless plans to enhance its product and expand its user base and team. The company plans to have data service in more than 200 countries by the end of 2024. Visit Roamless.com to experience the new, hassle-free way to stay connected during your travels.
Co-Founder & CXO