About Truphone
Truphone is a company based in London (United Kingdom) founded in 2006.. Truphone has raised $695.99 million across 8 funding rounds from investors including Hubert Burda Media, European Union and Alexander Abramov. Truphone has completed 4 acquisitions, including Cellnetrix, CoSwitched and SIM4travel. Truphone offers products and services including My Truphone App, Truphone for Business, Truphone for Finance, Truphone for Things, and Truphone Connect. Truphone operates in a competitive market with competitors including Airlinq, Telit Communications, Cavli Wireless, 1NCE and Soracom, among others.
- Headquarter London, United Kingdom
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Truphone Limited
- Date of Incorporation 26 Mar, 2001
- Jurisdiction LONDON
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$695.99 M (USD)
in 8 rounds
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Latest Funding Round
$830.87 K (USD), Grant
May 01, 2021
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Investors
Hubert Burda Media
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
Cellnetrix
& 3 more
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Products & Services of Truphone
Truphone offers a comprehensive portfolio of products and services, including My Truphone App, Truphone for Business, Truphone for Finance, Truphone for Things, and Truphone Connect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for managing eSIM activation and global roaming
Platform for connectivity solutions in finance and IoT
Services for secure banking connectivity via eSIM
eSIM technology for IoT device connectivity
Tools for telecom network integration and roaming
Funding Insights of Truphone
Truphone has successfully raised a total of $695.99M across 8 strategic funding rounds. The most recent funding activity was a Grant round of $830.87 thousand completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $830,865
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First Round
First Round
(09 Jan 2007)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Grant - Truphone | Valuation |
investors |
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| Apr, 2020 | Amount | Series C - Truphone | Valuation |
investors |
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| Oct, 2018 | Amount | Series C - Truphone | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Truphone
Truphone has secured backing from 8 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Hubert Burda Media, European Union and Alexander Abramov. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage investments are made in European tech startups.
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Founded Year | Domain | Location | |
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Investments are made in early-stage healthcare startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Truphone
Truphone has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cellnetrix, CoSwitched and SIM4travel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based connectivity management platform for MVNOs and MNOs is provided.
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2014 | ||||
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Embedded secure SIM OS for smart cards, mobile and M2M devices
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2006 | ||||
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Global roaming SIM cards and MVNE platforms are provided worldwide.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Truphone
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truphone Comparisons
Competitors of Truphone
Truphone operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airlinq, Telit Communications, Cavli Wireless, 1NCE and Soracom, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT and SaaS-based provider of application development solutions for connected ecosystems
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| domain | founded_year | HQ Location |
Cellular IoT modules, connectivity, platforms, and custom solutions are provided.
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| domain | founded_year | HQ Location |
Provider of cellular IoT modules, global connectivity, and modem cloud services
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| domain | founded_year | HQ Location |
IoT connectivity solutions are provided via SIM cards and platforms.
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| domain | founded_year | HQ Location |
Provider of cellular connectivity for IoT
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Truphone
Frequently Asked Questions about Truphone
When was Truphone founded?
Truphone was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Truphone located?
Truphone is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Truphone a funded company?
Truphone is a funded company, having raised a total of $695.99M across 8 funding rounds to date. The company's 1st funding round was a Series C of $65M, raised on Jan 09, 2007.
What does Truphone do?
Truphone was founded in 2006 in London, United Kingdom, as a provider in the telecommunications sector. International mobile services are offered by the company to support global connectivity. Operations include services delivered under multiple brands tailored to different markets. Enterprises are enabled to record and store mobile communications for compliance and management purposes. The focus remains on facilitating cross-border mobile solutions from its base in the UK.
Who are the top competitors of Truphone?
Truphone's top competitors include 1NCE, Soracom and Cavli Wireless.
What products or services does Truphone offer?
Truphone offers My Truphone App, Truphone for Business, Truphone for Finance, Truphone for Things, and Truphone Connect.
How many acquisitions has Truphone made?
Truphone has made 4 acquisitions, including Cellnetrix, CoSwitched, and SIM4travel.
Who are Truphone's investors?
Truphone has 8 investors. Key investors include Hubert Burda Media, European Union, Alexander Abramov, Roman Abramovich, and Eden Ventures.
What is Truphone's valuation?
The valuation of Truphone is $516M as of Apr 2020.
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