Truecaller

Confirmed: Truecaller Scores $60 Million In Series C From KPCB, Atomico, And Sequoia

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Truecaller has just announced the raise of a $60 million in Series C led by Atomico, Kleiner Perkins Caufield & Byers, and Sequoia Capital.

As you might have noticed, TechCrunch’s Ingrid Lunden tracked down the story a bit early, reporting that Truecaller was aiming to raise up to $80 million on a $300 million valuation. Turns out they pulled in slightly less than their intended goal.

Truecaller is a Swedish company that helps users identify all the phone numbers calling their smartphone, whether that number is in the Contacts list or not. To add even more verifiable numbers to the Truecaller directory, the company has integrated Yelp’s API data into the app so that business calls don’t come as a surprise.

In addition to the round, Truecaller will be making some additions to its board. Mattias Ljungman (managing partner at Atomico), John Doerr (partner at KPCB) and Jerry Murdock (Insight Venture Partners cofounder) will all be joining the board on the heels of the new funding.

In February, Truecaller raised an $18.8 million Series B.

“The biggest challenge to scale and grow our service is continuing to add to and improve the user experience,” said CEO Alan Mamedi. “We have confidence in our ability to do this and with the help of our partners, and support from leading VCs like KPCB, Sequoia and Atomico, we think we’re well positioned to succeed.”

According to the official press release, Truecaller has grown to have over 85 million users worldwide, though the company did not specify just how active those users are. Truecaller also claims that more than 200,000 new users are joining every day, with especially high growth in emerging markets like Indie, the Middle East, Brazil and Africa.

Search queries on the platform are also up, doubling from around 800 million six months ago to 1.5 billion monthly searches.

Truecaller says it will use the funding to expand the product, adding more features to give users as much verification and information as possible when it comes to phone directories.