Truphone gets big money

By Vivek | January 9th, 2007 at 10:59 am ET         

Truphone, the London based startup that enables free mobile-mobile calls over WiFi, has closed one of the biggest Series A round in the recent history. Truphone today announced a funding round of $24.5m(£12.5 million). The funding round was led by Wellington Partners, and participated by Independent News & Media and Burda Digital Ventures.

It was only last week that I had written about upcoming release of Fring’s WiFi enabled application and few other startups competing the this space. Innovative efforts by companies like Truphone, Fring, Gizmo, and Nokia  are set to disrupt traditional wireless business model. Truphone’s big funding round shows the reconignition this fact and that mobile over WiFi is a viable option especially for areas with poor wireless coverage while also enabling free mobile-mobile international calls.

Links:
Truphone