Feeds

Truphone adds £16.5m to global operator hope chest

I wish I were big

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.