TrueCaller raises $60M in Series C from Atomico, Kleiner Perkins, Sequoia Capital, and others

Stockholm-based TrueCaller, a called ID and phone-search service, announces that it has hauled in $60 million in a Series C from Atomico, Kleiner Perkins Caulfield & Byers, Sequoia Capital, Jerry Murdock, who co-founded Insight Venture Partners, and Stefan Lennhammer, the TrueCaller chairman. Earlier this year, the company picked up $18.8 million from Sequoia Capital, which brings their total investment to $80 million. TrueCaller says that they will use this latest funding to continue product development, bring in new talent, and further expand globally.

Within the past year, the company has announced partnerships with Yelp and Twitter, which has allowed them to offer services such as the ability to verify information on businesses that call the phones of TrueCaller users and to tweet back to missed calls.

TrueCaller, which was founded back in 2009 by Alan Mamedi and Nami Zarringhalam, reports that it is bringing in 200,000 new users per day. The company also says that it has witnessed usage of its service explode over the past 6 months, as the number of searches has nearly doubled from 800 million monthly search to 1.5 billion. TrueCaller currently claims 85 million global users.

Leave a Reply