# Truphone

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

- Industry: Telecoms
- Headquarters: London, UK
- Website: www.truphone.com
- Total disclosed funding: $57M
- Latest round: Series B (Apr 17, 2008)
- Investors on record: 5

## About

Truphone Ltd. is a connectivity solutions provider, specializing in advanced mobile services powered by eSIM technology, enhancing global communication for businesses and consumers alike.Truphone Ltd. was founded in 2006 and is headquartered in London, UK. The company focuses on delivering mobile connectivity solutions and has raised GBP 30.00 mn in its most recent funding round on February 20, 2020, co-led by Minden and Vollin Holdings Ltd. The company has not undergone any significant pivots or changes in business operations and does not operate as a subsidiary. The founders include Alexander Straub, Alistair Campbell, Giacomo Bonaventura, and Hakan Koç, who is the current CEO. Truphone has completed a total of 6 deals throughout its history, and its current company valuation stands at GBP 518.011 mn.Truphone specializes in providing advanced connectivity solutions powered by 1GLOBAL’s eSIM technology, enhancing global communication across various platforms. Their core offerings include mobile connectivity services for businesses and individuals, catering to multinational corporations, small and medium-sized enterprises, and consumers seeking reliable connectivity options. The company's services are particularly essential for users traveling internationally, addressing the demand for cost-effective mobile data and voice services. Truphone operates across multiple geographical markets, including Europe, North America, and Asia, tailoring its solutions to meet the unique demands of each region.In 2020, Truphone generated revenue of GBP 60,286,506.50, with an EBITDA of GBP -7,978,209.20. The company primarily derives income from subscription-based services that offer mobile connectivity and related solutions. Clients engage in business transactions structured through partnerships, subscribing to various packages that align with their communication needs. These services include extensive international coverage options, contributing significantly to Truphone's revenue stream through recurring revenue from both B2B and direct-to-consumer markets.Truphone plans to leverage its recent funding of GBP 30.00 mn raised in February 2020 to support the development of new products and expand its market presence. The company is focused on designing innovative services aimed at enhancing mobile connectivity. Specific geographic regions targeted for expansion include Asia and North America. The funds will be allocated to infrastructure improvements and service enhancements to meet the growing demands of their diverse customer base.

## Funding rounds

- Series B, Apr 17, 2008, $33M — Wellington Partners, Eden Ventures, Independent News and Media, Burda Digital Ventures
- Series A, Jan 9, 2007, $24M — Wellington Partners, Eden Ventures, Independent News and Media, Burda Digital Ventures, Straub Ventures

## Investors

- Wellington Partners (https://capitalatlas.ai/funds/wellington-partners) — Series A, Series B
- Eden Ventures — Series A, Series B
- Independent News and Media — Series A, Series B
- Burda Digital Ventures — Series A, Series B
- Straub Ventures (https://capitalatlas.ai/funds/straub-ventures) — Series A