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 Members of exclusive ‘ICE’ tech network rush to Jennifer Arcuri’s defence By Sam Shead Click here to read more Two-year-old audio platform Podimo raises $78m from London VCs By Mimi Billing Click here to read more We’re streamlining membership at Sifted By John Thornhill Click here to read more Antidote to social media overload? By Kit Gillet in Bucharest Click here to read more Most Read 1 \Startup Life UK government to reform ‘equity for visas’ residency application system 2 \Fintech Is Revolut really worth $33bn right now? 3 \Startup Life Techstars unexpectedly pulls out of Sweden mid-programme 4 \Deeptech The other funding gap: it’s not just unicorns that are leaving Europe 5 \Deeptech ‘There’s going to be a bloodbath’ — is generative AI a bubble?