Feeds

Truphone adds £16.5m to global operator hope chest

I wish I were big

Internet Security Threat Report 2014

Truphone, the British VoIP-on-a-handset firm, has raised another £16.5m to fund its transformation into a grown-up telecoms company.

The Series B round comes from private VC investors, with all Truphone's existing backers stumping up more cash. The company raised £12.5m less than two years ago.

Truphone has setting its sights on becoming a primary provider, where it owns the entire billing relationship with the customer, as opposed to being a back-up service for making cheap calls. .

Truphone's VoIP service is software based: you install the free app onto your mobile and away you go. It operates over Wi-Fi connections when available, and bounces customers back to their existing operators when they are more than hundred yards from a hotspot. But with the assets of SIM4Travel, bought last week, Truphone aims to be the only operator a customer needs globally. Calls go over Wi-Fi when that's available and over partner GSM networks when it's not, with all the billing coming from Truphone.

"We aim to provide ultimate price and convenience, wherever you are. One world, one SIM," reads the statement from CEO James Tagg. "Beyond that, as a 'Voice 2.0' company we can start to develop and introduce new internet-based features and applications that give customers a richer mobile experience."

The investors will, no doubt, hope that a "Voice 2.0" company makes more money than most of the "Web 2.0" companies whose game is to be bought by someone bigger before their backers run out of patience. ®

Internet Security Threat Report 2014

More from The Register

next story
You! AT&T! The only thing 'unlimited' about you is your CHEEK, growl feds
Man, we did everything but knock on their doors - carrier
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
EE launches 150Mbps '4G+' in the heart of London
LTE-A – Faster phones for Hoxton Hipsters
Watch out, Samsung and Apple: Xiaomi's No 3 in smartphones now
From obscurity to selling 19 million mobes a quarter
Brazil greenlights $200m internet cable to Europe in bid to outfox NSA
Only one problem: it won't make the slightest difference. And they know it
Wanna hop carriers with your iPad's Apple SIM? AVOID AT&T
Unless you want your network-swapping tech disabled for good, that is
Knocking Knox: Samsung DENIES vuln claims, says mysterious blogger is a JOKER
But YES, system does store encryption key on the device
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.