October 07, 2024

Global Brain has invested in trifa Inc., an eSIM operator for international travelers, as the lead investor

Global Brain has invested in trifa Inc. (trifa), an eSIM*1 operator for international travelers, through its GB-IX Growth Fund Investment Limited Partnership (GB-IX) and ANA Future Frontier Fund L.P. (ANA Future Frontier Fund) as the lead investor.
*1 eSIM is an industry-standard digital SIM that allows users to activate a cellular plan from their carriers without having to use a physical SIM.

The company’s service called “trifa” allows users to purchase eSIMs for 200 countries with a single app and connect to the Internet overseas. There is no need to rent a mobile Wi-Fi device at the airport or purchase and set up a local SIM card as in the past. ”trifa” is more convenient than mobile Wi-Fi devices, etc. and boasts the highest number of downloads*2 as a Japanese player. The market is also expected to grow, driven by the spread of eSIM-compatible smartphones.
*2 The number of downloads of Japanese “eSIM travel apps” (January to February 2024, total for iOS and Android, according to data.ai). The number of downloads was calculated by extracting the eSIM travel apps (those that include “travel” and/or “eSIM” in the app name or description) in the travel category.

With the funds raised, trifa aims to expand the number of users and client companies for its “trifa Business,” a service for business users, by strengthening its internal structure through recruitment and implementing further marketing measures. In addition, trifa plans to engage in eSIM sales to inbound customers, a market that is expanding.

Global Brain has decided to invest in trifa because of its excellent management team, its track record as the top player in Japan in terms of the number of downloads, and expectations for future growth. Through this investment, Global Brain will collaborate with ANA Holdings Inc. to provide multifaceted management support to contribute to the further expansion of trifa’s business.

About trifa

Location
Shinagawa-ku, Tokyo, Japan
Representative
Masatoshi Kana
Founded
November 2020
URL
https://www.trifa.co

About GB-IX

Name
GB-IX Growth Fund Investment Limited Partnership
General Partner
Global Brain Corporation

About ANA Future Frontier Fund

Name
ANA Future Frontier Fund L.P.
General Partner
Global Brain Corporation
Fund Size
JPY 8 billion
Fund Term
10 years

About Global Brain

Location
Tokyo, Japan
Representative
Yasuhiko Yurimoto
Founded
January 1998
URL
https://globalbrains.com/