Web: Caller ID App Truecaller Is Raising $100M At A $1B Valuation

July 2015 by: From The Web

Communications apps that strike a chord with users across different markets are hot property these days, and it looks like another one of them may soon enter the so-calledunicorn club. TechCrunch has learned that Truecaller — a caller ID app that now has 150 million users — is looking to raise around $100 million at a $1 billion valuation.


We’re hearing that Truecaller has hired Morgan Stanley to lead the process, and there are term sheets out. The round is likely to have previous and new investors.


To date, True Software, maker of Truecaller, has raised around $80 million. Previous investors include Atomico, Kleiner Perkins Caufield & Byers, Sequoia Capital, Access Partners and Open Ocean.


...


Continue Reading: Techcrunch