Wednesday, October 8, 2014

Truecaller Raises $60 Million for Verified Global Directory

Truecaller, a start-up based in Stockholm, Sweden, raised US$60 million in new funding for its verified mobile phone community.

Truecaller manages a global database of verified telephone numbers.  Users of its app can search for business or friends. Truecaller users will be notified when someone requests their number, and have the option to approve any request that comes through.  The system filters out spammers and unwanted callers.

The new funding came from Atomico, Kleiner Perkins Caufield & Byers (KPCB) and Sequoia Capital.

  • Truecaller was founded in 2009 by Nami Zarringhalam and Alan Mamedi, both of whom were studying at the Royal Institute of Technology in Sweden.