About TruConnect
TruConnect is a Telecommunications company based in Los Angeles (United States) founded in 2011. Mobile services are provided by TruConnect as a U.S.-based MVNO. The company has 154 employees. TruConnect has completed 2 acquisitions, including FreedomPop and Wefi. Its website truconnect.com draws about 561 thousand monthly visits. Its Indian entity Upverse Solutions Private Limited reported revenue of ₹17.31 Cr. TruConnect offers products and services including Free Phone Plan, Prepaid Plans, and Devices and SIM Kits. Its focus areas include Telecom, Telecom Operators and Cellular.
Company details
TruConnect was founded in 2011 in Los Angeles, United States, and operates as a mobile virtual network operator on the Sprint Network. Affordable mobile plans, including unlimited data and voice options, are offered alongside pay-as-you-go hotspots. Participation in the Lifeline program supports eligible low-income customers. In 2016, TruConnect Technologies was established, leading to the acquisition of WeFi for Wi-Fi offloading and analytics solutions.
- Headquarters Los Angeles, United States
- Employees 154
- SectorsTelecommunications
- Website category Computers Electronics and Technology · Telecommunications
- Email••••••••
- Phone•••• ••••
- Website truconnect.com
- Social LinkedIn X Facebook Instagram
- Legal Name Upverse Solutions Private Limited
- Date of Incorporation 16 Oct, 2015
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹17.31 Cr
FY 2024 · +9% YoY
- Indian entity net profit₹19.3 Lakh
FY 2024 · 1% margin
- Indian entity EBITDA₹1.11 Cr
FY 2024 · 6% margin
- Latest Funding Round$20M (USD), Debt – Conventional
Jun 2016
- InvestorsOpus Bank
& 1 more
- Employee Count154
- Investments & AcquisitionsFreedomPop
& 1 more
Associated legal entities of TruConnect
TruConnect operates through Upverse Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Upverse Solutions Private Limited CIN U72900PN2015PTC156905 | Active | 16 Oct 2015 | Pune, Maharashtra | ₹17.3 Cr | 154 | 3 | View details |
Products & Services of TruConnect
TruConnect offers a comprehensive portfolio of products and services, including Free Phone Plan, Prepaid Plans, and Devices and SIM Kits.
Delivers unlimited talk, text, and data for eligible users
Offers additional paid plans with no contracts or hidden fees
Provides free devices or SIM cards for service activation
Funding Insights of TruConnect
- Total Rounds 2
- Last Round Debt – Conventional — $20M
- First Round $8.1M
(Jun 2012)
- Investors Count 2
All 2 funding rounds of TruConnect with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $20M | Debt – Conventional | – | – | |
| Jun 2012 | $8.1M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in TruConnect
TruConnect has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Opus Bank and Banyan Investment Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in small to middle-market companies via equity and subordinated debt. | banyanmezzaninefunds.com | |||
Commercial bank | 2010 | opusbank.com | Irvine, United States |
Investor details for TruConnect
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Upverse Solutions Private Limited (TruConnect)
Upverse Solutions Private Limited is the primary company behind TruConnect. The board of Upverse Solutions Private Limited currently have 3 directors; the longest-serving is Matthew Horton Johnson, appointed in 2016. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Matthew Horton Johnson DIN 07568697 | Director | 01 Aug 2016 | 10 yrs 3 mo | Upverse Solutions Private Limited |
| Nathan Raymond Johnson DIN 07568698 | Director | 01 Aug 2016 | 10 yrs 3 mo | Upverse Solutions Private Limited |
| Arun Shankar Koli DIN 08234299 | Director | 21 Sep 2018 | 8 yrs 1 mo | Upverse Solutions Private Limited |
People of TruConnect
17 people are tracked at TruConnect (10 in leadership, 7 in team); the tracked headcount is 154.
| Name | Role | Group |
|---|---|---|
| Board Member & Co-CEO | Leadership | |
| Chairman & Co-CEO | Leadership | |
Kevin Lucier | Chief Technology Officer | Leadership |
Andrew Magaña | Chief Operations Officer | Leadership |
Lucy Sung | Chief Administrative Officer | Leadership |
Jesse Chen | Director Of Supply Chain And Analytics | Leadership |
Brian Stewart | Vice President, Sales | Leadership |
Alex Gudkov | Chief Information Officer | Leadership |
Leann McGowan | VP Business Intelligence | Leadership |
William Ye | Director Of Operations | Leadership |
Firuzi M. | Senior Customer Care Executive | Team |
Randall Stevenson | National Account Manager | Team |
Joseph Young | Senior Principal Analytics Engineer | Team |
Manish Gaikwad | Principal Architect Infrastructure | Team |
Poulineh S. | Human Resources Manager | Team |
Jonathan Pong | Lead Programmer | Team |
Jorge Duran | Returns Manager | Team |
Complete people profiles for TruConnect
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of TruConnect
Figures of Upverse Solutions Private Limited, the primary company behind TruConnect, for FY 2024. Revenue was ₹17.31 Cr (+9% year on year). Net profit was ₹19.3 Lakh (1% margin). EBITDA was ₹1.11 Cr (6% margin). Revenue has grown at a compounded annual rate of +22% over three years and +7% over five years.
- ₹17.31 CrRevenue · FY 2024 · +9% YoY
- ₹19.3 LakhNet profit · 1% margin
- ₹1.11 CrEBITDA · 6% margin
- ₹10,000Paid-up capital
- 154Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Upverse Solutions Private Limited are on its company page.
Detailed financial statements for TruConnect
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by TruConnect
TruConnect has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FreedomPop and Wefi.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
MVNO providing mobile and internet services | freedompop.com | Los Angeles, United States | 2011 | Aug 2018 | •••• | |
Wifi Network Discovery Tool - Mobile Data Analytics | wefi.com | Tel Aviv, Israel | 2006 | Sep 2016 | •••• |
Complete acquisition details for TruConnect
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of TruConnect
5 dated milestones of TruConnect across 7 years, from founding to its latest funding, stage changes and deals.
- Founded TruConnect is founded.
- Funding First funding round of $8.1M.
- Funding Latest funding round, Debt – Conventional, of $20.0M.
- Acquisition Acquires Wefi.
- Acquisition Acquires FreedomPop.
Web traffic of TruConnect
The website of TruConnect (truconnect.com) receives about 560.5K visits a month and ranks #78,443 among all websites worldwide, #9,250 in Telecommunications.
- Monthly visits560.5K
▼ 14.4% vs previous month
- Unique visitors401.5K
per month
- Global rank#78,443
among all websites
- Category rank#9,250
Computers Electronics and Technology · Telecommunications
- Bounce rate43%
- Pages per visit2.7
- Average visit1 min 47 sec
- DevicesDesktop 14% · Mobile 86%
Websites whose visitors overlap most with TruConnect. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| assurancewireless.com | 100% | 2M | #28,223 | View details | |
lifewireless.com | lifewireless.com | 98% | #137,194 | – | |
safelinkwireless.com | safelinkwireless.com | 93% | #41,251 | – | |
| tagmobile.com | 87% | 1.2M | #38,041 | View details | |
| genmobile.com | 77% | 699K | #60,278 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for TruConnect
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- 40 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
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Related news about Truconnect
Complete news archive for TruConnect
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Frequently Asked Questions about TruConnect
TruConnect was founded in 2011 and raised its 1st funding round 1 year after it was founded.
TruConnect is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
TruConnect has 154 employees.
The primary company behind TruConnect, Upverse Solutions Private Limited, reported revenue of ₹17.31 Cr for FY 2024, up 9% year on year.
TruConnect was founded in 2011 in Los Angeles, United States, and operates as a mobile virtual network operator on the Sprint Network. Affordable mobile plans, including unlimited data and voice options, are offered alongside pay-as-you-go hotspots. Participation in the Lifeline program supports eligible low-income customers. In 2016, TruConnect Technologies was established, leading to the acquisition of WeFi for Wi-Fi offloading and analytics solutions.
TruConnect offers Free Phone Plan, Prepaid Plans, and Devices and SIM Kits.
TruConnect has made 2 acquisitions, including FreedomPop, and Wefi.
TruConnect has 2 investors. Key investors include Opus Bank, and Banyan Investment Partners.
TruConnect operates through Upverse Solutions Private Limited.
The legal entities of TruConnect currently have 3 directors, including Matthew Horton Johnson, Nathan Raymond Johnson, Arun Shankar Koli.
The website of TruConnect receives about 561 thousand visits a month and ranks #78,443 among all websites worldwide.