Just recently we wrote about Truphone and their plans to roll out Truphone SIM to allow users to take and make cheap phone calls, even when they’re outside of a hotspot. Now they’ve announced a new round (Series B) of venture capital funding that brought them additional £16.5m ($32.7m).
The round was led by private investors, with all of Truphone’s existing backers – Burda Digital Ventures, Eden Ventures, Independent News & Media and Wellington Partners – also participating.
“We aim to provide ultimate price and convenience, wherever you are. One world, one SIM,” commented 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.”
In December 2006, Truphone raised £12.5m ($24.5m) in Series A funding, believed to be the European technology sector’s largest Series A venture funding of 2006.