Truecaller, an applications provider to block spam calls on mobile phones, has received $18.8 million in Series B round of financing through investments led by Sequoia Capital.
Existing investor Open Ocean, Truecaller Chairman Stefan Lennhammer, and a private investor also participated in the Series B round of financing.
The funds will be utilized for continued innovation and global expansion.
Stockholm-based Truecaller has more than 45 million users who currently utilize the service to block spam calls to their mobile phones and help identify unknown phone numbers.
Truecaller also announced 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, according to Alan Mamedi, Truecaller co-founder and CEO.
Truecaller offers access to advanced discovery features such as the ability to search for names, use reverse phone number lookup, share information, and access crowd sourced data to build the world’s largest list of top phone spammers, which has already helped block more than 1 billion unwanted calls in less than a year.
