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Home Startups Truecaller Hits 85 Million Users | Raises $60 Million for Further Expansion

Truecaller Hits 85 Million Users | Raises $60 Million for Further Expansion

by Sam Wakoba
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iphone 4.0 smallerTruecaller has recieved $60 Million in new funding from Atomico, Kleiner Perkins Caufield & Byers (KPCB) and Sequoia Capital to help the caller ID firm identify as many people as possible globally.According to Truecaller co-founder and CEO Alan Mamedi, “We started by helping people manage their contact information and block spam calls, but this is just the beginning of what we can do for our users.”

The firm has welcomed John Doerr from KPCB, Mattias Ljungman, Jerry Murdock to its board and Atomico founder and Skype co-founder, Niklas Zennströmwill join the firm as a special adviser.

The firm says it aims to put an end to fraud, reduce telemarketing calls, and identify who is calling, even if it’s from beyond your phonebook. The new funding will help the firm recruit some of the most talented Team members in the world, and bend the technology limits of what is possible in the app world.

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The free for donwload service is available for the iPhone, Android, Windows Phone, BlackBerry, and Nokia feature phones.

This is not the firm’s first raise. In February, the firm raised $18.8M USD from Sequoia Capital and partnered with Yelp to integrate a higher level of information for our Truecaller users.

Earlier, the firm announced to have received $1.3 million in Series A funding by Open Ocean, a leading investor in European software start-­ups with large user bases or communities to boost Truecaller?s product development and international expansion in key markets North America, Asia and the Middle East.
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