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Mobile Internet Network Operator (MINO), Truphone, has raised £16.5m in a new round of venture capital funding.
The investment will allow Truphone to continue with the development of a single, global SIM card, which will provide low call charges at home and abroad, together with free and low-cost internet calls.
Truphone recently acquired SIM4travel, completing its GSM core network, which will allow it to provide low-cost GSM calls worldwide via a travel SIM.
The latest funding round was led by private investors. All of the company’s existing investors participated, including Burda Digital Ventures, Eden Ventures, Independent News & Media and Wellington Partners.
Truphone’s carrier-grade, global operator infrastructure includes a global network of SIP gateways, a Nokia Siemens Networks mobile network Home Location Register (HLR) and a GSM identifier.
Through global agreements with PSTN (Public Switched Telephone Network) and SIP (Session Initiation Protocol) providers, the infrastructure can support 40 million customers worldwide.
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