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 Can BeReal build on its buzz in 2023? By Chris O’Brien 8 February 2023 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 Coronavirus: Which startups are winning and losing? By Kitty Knowles Click here to read more The Swedish startup that soundtracked the internet now wants to soundtrack the rest of your life By Mimi Billing Click here to read more How the Flemish public broadcaster VRT became a media innovation powerhouse By Alejandro Tauber Click here to read more Esports needs to start charging for premium content By Madeleine Taylor Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?
The Swedish startup that soundtracked the internet now wants to soundtrack the rest of your life By Mimi Billing Click here to read more
How the Flemish public broadcaster VRT became a media innovation powerhouse By Alejandro Tauber Click here to read more