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 Worried about subscriptions? Here's the new (old) thing in news media By Mimi Billing 15 November 2022 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 Here’s what you should read this week about European tech and startups By Michael Stothard Click here to read more Clubhouse is already dying By Ronjini Joshua Click here to read more Esports needs to start charging for premium content By Madeleine Taylor Click here to read more Tinder for casting talent By Carly Minsky Click here to read more Most Read 1 \Venture Capital There are only two accelerators European VCs care about 2 \Consumer Gorillas investors to pay $100m to secure Getir all-stock buyout, sources say 3 \Venture Capital VCs using scouts means founders get the short end of the stick 4 \Venture Capital Founders, here’s how top VCs are doing due diligence on you 5 Plus \Venture Capital November’s hottest seed rounds Join the conversation Subscribe Notify of new follow-up comments new replies to my comments
Here’s what you should read this week about European tech and startups By Michael Stothard Click here to read more