21/04/2008

Truphone press office: Truphone raises £16.5m [$32.7M] in Series B round

Truphone press office: Truphone raises £16.5m [$32.7M] in Series B round: "£16.5m ($32.7m) of Series B venture capital funding.


Truphone who have some software on a mobile phone that can switch calls between GSM/3G and WiFi have raised £16.5m ($32.7m) of Series B venture capital funding, the round was led by private investors, with all of Truphone’s existing backers – Burda Digital Ventures, Eden Ventures, Independent News; Media, Straub Ventures and Wellington Partners – also participating;

They have already raised $25m so this makes it over $50m, nice if yiu can get it.

Recently Truphone purchased SIM4travel for cash and stock (about $5m in total) which gives them a GSM core and MVNO assets and may give them better termination rates (in the past Truphone took T-Mobile to court in the UK as they wouldn't route Truphone number blocks, the court decided that T-Mobile must route their calls, but awarded Truphone sub penny termination).
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