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Truphone: the next mobile giant?


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by Peter Kneller - Friday, 18th April 2008

Truphone: the next mobile giant?

UK company Truphone, a voice over internet protocol provider for mobile phones, has received £16.5m (€21m) in a second round of funding led by a number of private investors.

Existing backers Burda Digital Ventures, Eden Ventures, Independent News & Media, and Wellington Partners also participated in the financing.

Global mobile operator Truphone enables free and low-cost mobile phone calls via the internet. “We aim to provide ultimate price and convenience, wherever you are. One world, one SIM,” says 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.”

The company has also completed its GSM core network after the recent purchase of SIM4travel. The move will allow Truphone to offer low-cost GSM calls worldwide via a travel SIM.

The company, which started life on an organic farm in Kent (see picture), received a £12.5m first round of funding in early 2007.

Tags: truphone, entrepreneurs, mobile technology, investment, raising finance, venture capital,

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