Truecaller announces $18.8 million in new funding and partnership with Yelp

SAN FRANCISCO, USA & STOCKHOLM, SWEDEN: Truecaller, the world's largest verified mobile phone community officially announced that an investor group led by Sequoia Capital has invested $18.8 million in the company in a Series B round of financing.

Also participating in the funding is existing investor Open Ocean, Truecaller chairman, Stefan Lennhammer, and a private investor who is known for his high profile Silicon Valley investments.

As part of the company's ongoing commitment to expand its list of product features, the company is also announcing an integration of Yelp API data as part of its new product launch on Android and iOS, which allows users to identify millions of reviewed businesses globally. The new Truecaller release incorporates new social features to make it even easier to update contacts and get in touch with ‘people you may know.'

"Truecaller is among the most engaging applications in many high growth smartphone markets, as it helps make users more efficient in avoiding spam calls and know who is calling them. We are excited to help support the company's growing user community," says Shailesh Lakhani, Sequoia Capital, who has joined the board at Truecaller.