# Truecaller

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/truecaller

- Industry: Internet
- Headquarters: Stockholm, Sweden
- Website: www.truecaller.com
- Total disclosed funding: $91M
- Latest round: Series D (Dec 12, 2016)
- Investors on record: 5

## About

Founded in 2009 and based in Stockholm, Sweden, True Software Scandinavia AB develops an application that serves as a communication platform and provides eponymous caller-identification solutions. The company was founded by CEO Alan Mamedi, and Nami Zarringhalam and was backed by institutional investors including Sequoia Capital India, Atomico, Kleiner Perkins, and OpenOcean. In October 2018, True Software Scandinavia AB raised SEK 50 million in venture funding led by new investor Zenith Group. True Software Scandinavia AB plans to become a publicly listed company in Nasdaq Stockholm by the fourth quarter of 2021.

The company offers a communication platform that allows user to expand their contact list and connect with people. The platform provides an eponymous caller-identification solution that identifies the details of the callers to protect the mobile identity of the user from unwanted spammers.

The company plans to use the proceeds of the public listing for its future growth, exploration of potential acquisitions, and general corporate purposes.

## Funding rounds

- Series D, Dec 12, 2016, $11M — Zenith Group
- Series C, Oct 8, 2014, $60M — Kleiner Perkins, Hong Shan, Atomico
- Series B, Feb 6, 2014, $19M — Hong Shan, OpenOcean
- Series A, Sep 18, 2012, $1.3M — OpenOcean

## Investors

- OpenOcean (https://capitalatlas.ai/funds/openocean) — Series A, Series B
- Hong Shan — Series B, Series C
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series C
- Atomico (https://capitalatlas.ai/funds/atomico) — Series C
- Zenith Group (https://capitalatlas.ai/funds/zenith-group) — Series D