Truecaller gets $60 mn in new funding

Our Bureau Updated - October 09, 2014 at 09:56 AM.

Truecaller, a Sweden-based firm with more than 85 million users, has received $60 million in new funding from an investor group led by venture capital firms and investors.

The series C round of funding was led by Kleiner Perkins Caufield & Byers (KPCB), Sequoia Capital, Jerry Murdock (co-founder of Insight Venture Partners) and Stefan Lennhammer.

The Stockholm-based company provides services that include searching contact numbers, blocking spam and identifying incoming calls to their mobile phones.

This financing will be used to fuel product development, hire new talent and expand the company’s global footprint, the company said in a statement.

The series c funding round follows an $18.8 million dollar investment in the company led by Sequoia Capital in February of this year, bringing the total investment in the company to more than $80 million.

The company also said that John Doerr, partner at KPCB, Mattias Ljungman, managing partner at Atomico, and investor Jerry Murdock will be joining Truecaller’s board. Atomico founder and Skype co-founder Niklas Zennström will also join the board as a special adviser.

>rajesh.kurup@thehindu.co.in

Published on October 9, 2014 03:48