Truecaller gets Zenith Vencap as investor for SEK 100M

Sweden Investments 12 December 2016
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Truecaller, a Swedish mobile app company that let's you see who's calling and block unwanted calls, has Zenith Ventures as new investor.

The SEK 100M ($11M) transaction involves that Zenith acquires existing shares and options from the company and, apparently, the investment is part of a larger deal, yet undisclosed.

Truecaller has raised about $80M to date, from big names such as Silicon Valley's Sequoia or KPCB. In summer of 2015, Truecaller reportedly was in advanced negotiations to raise money from Google, but a deal has not been reached.

Truecaller, led by founders Alan Mamedi and Nami Zarringhalam, helps users identify all the phone numbers calling their smartphone, whether that number is in the Contacts list or not.