Swedish Startup Space

Truecaller Raises $18.8M From Sequoia Capital and Partners with Yelp

Written by on February 6

Truecaller, one of Stockholm’s hottest startups and integrating with Twitter, and with a user base of astonishing 22 million users in India. Truecaller is also one of the world’s fastest growing mobile apps, they have announced a big news story today. They are taking an investment of $18.8M USD in funding.

Alan Mamedi, CEO at Truecaller says:

Today marks a very important day for the Truecaller Team. We officially announce an investment of $18.8M USD in funding led by Sequoia Capital. Along side our funding, we have partnered with the power of Yelp to integrate a higher level of information for our Truecaller users.

Shailesh Lakhani from Sequoia Capital, who is joining the board adds:

Truecaller is among the most engaging applications in many high growth smartphone markets, as it helps make users more efficient in avoiding spam calls and know who is calling them. We are excited to help support the company’s growing user community.

TrueCaller earlier raised $1.3M USD from Open Ocean Capital in Sep 2012 and boasts of 40 million users globally.

Source: Truecaller blog 

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