Truecaller, the world’s largest verified mobile phone community today announced a $18.8 million Series B funding round led by Sequoia Capital.
The Stockholm-based company already counts more than 45 million users who currently utilize the service to block spam calls to their mobile phones and help identify unknown phone numbers. As part of the company’s ongoing commitment to expand its list of product features, Truecaller is also announcing an integration of Yelp API data as part of its new product launch on Android and iOS, which allows users to identify millions of reviewed businesses globally. The new Truecaller release incorporates new social features to make it even easier to update contacts and get in touch with ‘people you may know’. Truecaller was founded in 2009 by Nami Zarringhalam and Alan Mamedi. Check out the video below this article to see how Truecaller works and advertises.
Shailesh Lakhani (Sequoia Capital) who has joined the board at Truecaller, stated: “Truecaller is among the most engaging applications in many high growth smartphone markets, as it helps make users more efficient in avoiding spam calls and know who is calling them. We are excited to help support the company’s growing user community,”
Alan Mamedi (Truecaller co-founder and CEO) said: “With Sequoia, we have a partner who truly shares our vision, and together we look forward to continued innovation and global expansion by creating a helpful service that the entire world can use confidently.”