Kolet: Revolutionizing Mobile Connectivity for Travelers

Kolet, a French eSIM startup, has announced an €8.6 million Series A funding round, just one year after securing an initial €5 million Seed round. This investment will enable the company to continue its mission of providing seamless, affordable, and universal mobile connectivity to travelers in over 190 countries.

Funding and Investors

The funding was led by Daphni, with participation from prominent investors such as Peter Kern, former CEO of Expedia Group, and Jon Gieselman, former VP of Marketing at Apple. Additionally, the round includes €1 million in non-dilutive funding from Bpifrance. This investment is a significant milestone for Kolet, and the company is eager to utilize the funds to drive growth and expansion.

Scaling Up

According to Eduardo Ronzano, CEO and Co-founder of Kolet, "This funding will allow us to scale up: expand our partner network, strengthen our product, and build a world-class team." With this investment, Kolet aims to enhance its services and solidify its position in the market. The company’s goal is to provide a seamless and affordable mobile connectivity experience for travelers worldwide.

What Sets Kolet Apart

Kolet’s fully digital eSIM can be activated in just a few clicks, with no physical card and no hidden fees. The company’s B2B2C model has gained traction among travel industry players such as Air France, KLM, Kiwi.com, Exoticca, and Wego, who integrate Kolet into their customer journeys to enhance the traveler experience. This approach sets Kolet apart from traditional telecom operators, who have largely overlooked the needs of travelers.

Key Initiatives

The funding will support three key initiatives:

• Enriching the user experience with new features designed for travelers
• Launching freemium offers and simplifying the installation experience for first-time users
• Hiring new talents in tech, product, and business to drive growth and expansion

Partnership and Growth

Kolet has impressed its partners, including Kiwi.com, with its dedication to providing seamless connectivity for travelers. Mario Gavira, VP of Global Growth & Brand at Kiwi.com, stated, "Kolet has impressed us with their dedication to helping Kiwi.com’s customers stay connected seamlessly while traveling." With over 300,000 travelers already using its services, Kolet is on track to reach 1 million users by the end of the year.

Vision and Mission

According to Anne-Carole Cöen, Co-founder & CMO of Kolet, "This Series A validates our vision: to build a tech service that truly simplifies travelers’ lives. At Kolet, technology is not an end in itself – it’s a lever for creating a seamless, reassuring, and deeply human experience." The company remains committed to its mission of making internet access available to all.

Conclusion

In conclusion, Kolet’s €8.6 million Series A funding round marks a significant milestone for the company. With its innovative approach to mobile connectivity, Kolet is poised to revolutionize the way travelers stay connected on the go. As the company continues to grow and expand its services, it remains committed to its mission of providing seamless, affordable, and universal mobile connectivity to travelers worldwide.