Truphone plans to rule the world go as planned; Additional £16.5m ($32.7m) raise
Posted by: admin in Mobile News
Just recently we wrote about Truphone and their plans to roll out Truphone SIM to allow users to take and make cheap phone calls, even when they're outside of a hotspot. Now they've announced a new round (Series B) of venture capital funding that brought them additional £16.5m ($32.7m).
The round was led by private investors, with all of Truphone's existing backers – Burda Digital Ventures, Eden Ventures, Independent News & Media and Wellington Partners – also participating.
“We aim to provide ultimate price and convenience, wherever you’re. One world, one SIM,” commented James Tagg, Truphone's CEO. “Beyond that, as a 'Voice 2.0' company we have the ability to start to develop and introduce new internet-based features and applications that give customers a richer mobile experience.”
In December 2006, Truphone raised £12.5m ($24.5m) in Series A funding, believed to be the European technology sector's largest Series A venture funding of 2006.
—
Related Articles at IntoMobile:
- Handango secures additional $9.5 million in venture funding; Wants to rule the smartphone content market
- Truphone adds 260 hotspots with Surf and Sip
- Truphone 3.0 is almost here
- Truphone now supports GTalk
- Truphone acquires SIM4travel; Truphone SIM coming soon!
Entries (RSS)