Simtex
Provider of Global Roaming Data for eSIMs in the Travel Industry
Company Overview
Snapshot
Founded in February 2018 by Roei Schwartz and Barak Katz, Simtex operates with 1–10 employees. The company has raised $1.25 million across two funding rounds from two investors. In April 2025, Simtex was acquired by Voye Global for $200,000, following earlier reports of a $20 million acquisition.
Business overview
Simtex offers a platform that leverages eSIM technology to streamline cellular and mobile data acquisition for travelers. The company's solution aggregates providers in destination countries, enabling users to easily select and purchase data packages without needing physical SIM cards. Simtex aims to provide a fast, secure, and accessible internet connection by simplifying the connection process, serving the travel and tourism industries.
Strategic signal
In April 2025, Simtex was acquired by Voye Global. While initially reported as a $20 million deal, disclosures revealed the acquisition was an asset purchase for $200,000, intended to help Simtex manage debts and facilitate voluntary closure. This event signals a challenging market environment for some eSIM providers and highlights the complexities of startup exits, particularly for companies that have relied on crowdfunding.
Log in to access full profile ›Company Intelligence Q&A
- What was the actual value of Simtex's acquisition by Voye Global?
- In April 2025, Simtex was acquired by Voye Global for $200,000. This was an asset purchase designed to help Simtex address its debts and enter voluntary closure, despite earlier reports suggesting a $20 million acquisition.
- Who founded Simtex and when?
- Simtex was founded in February 2018 by Roei Schwartz and Barak Katz.
- How many funding rounds has Simtex completed and what is the total capital raised?
- Simtex has completed two funding rounds, raising a total of $1.25 million.
- Which investors participated in Simtex's funding rounds?
- In December 2019, ExitValley participated in a funding round. In April 2021, PipelBiz participated in a funding round.
- What was the reported growth in sales for Simtex in the year leading up to December 2022?
- By December 2022, Simtex reported a 600% increase in sales over the preceding year, reaching approximately 100,000 customers.