Truphone plans to rule the world go as planned; Additional £16.5m ($32.7m) raise
Posted by: admin in Mobile
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 are. One world, one SIM,” commented James Tagg, Truphone's CEO. “Beyond that, as a 'Voice 2.0' company we can 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.
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