Consumer/Media/News/ Caller identification service Truecaller to list in Stockholm The Truecaller listing will be a respectable payday for VC firms such as Sequoia, Atomico and Kleiner Perkins. By Michael Stothard 15 September 2021 Swedish Truecaller was founded in 2009 by the college friends Nami Zarringhalam and Alan Mamedi. Swedish Truecaller was founded in 2009 by the college friends Nami Zarringhalam and Alan Mamedi. \Consumer This creator platform raised €3m — and half its angels are women or minorities By Eleanor Warnock 15 December 2021 Consumer/Media/News/ Caller identification service Truecaller to list in Stockholm The Truecaller listing will be a respectable payday for VC firms such as Sequoia, Atomico and Kleiner Perkins. By Michael Stothard 15 September 2021 Caller identification service Truecaller on Wednesday announced plans to raise $116m in an initial public offering, choosing its native Sweden to list rather than the US. The 12-year-old company is one of several Swedish tech scaleups that are also eyeing the public markets, including Klarna and Trustly. There are hopes in Sweden and across Europe that these companies will choose Europe to list their shares, rather than following in the footsteps of Spotify and listing in the US. The company’s VC backers include Sequoia, Atomico and Kleiner Perkins. Earlier reports suggested that it is aiming for a valuation of above $1bn, which is smaller than many 2021 European tech floats like Deliveroo and Wise. Truecaller said it plans to do its listing by the fourth quarter of this year. The company has about 280m monthly active users and counts India as its biggest market. It earns its revenue from advertising and subscription services. Earlier this month Bing Gordon, a partner at venture capital firm Kleiner Perkins, was named as the new chairman, replacing Nami Zarringhalam, who co-founded the company with Alan Mamedi in 2009. This was seen as a precursor to the company filing for an IPO. Related Articles When the world turns against tech By Nicolas Colin Click here to read more Tinder for casting talent By Carly Minsky Click here to read more How to pitch to Sifted By Sifted Click here to read more Coronavirus: European streaming services are booming too By Marie Mawad in Paris Click here to read more Most Read 1 \Consumer Building a billion dollar business by fixing clothes 2 \Startup Life What’s it like being a startup founder over 40? 3 Member \Venture Capital The 10 fastest growing Estonian startups in the past 12 months 4 \Startup Life Startups now have another alternative to VC: growth through debt 5 \Startup Life Ravio hopes its transparent salary data can solve your hiring woes Join the conversation Subscribe Notify of new follow-up comments new replies to my comments
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