Truphone lands £16.5m funding lift

Mobile VoIP company Truphone has pulled in £16.5 million in new venture capital funding from private investors, as well as its existing backers Burda Digital Ventures, Eden Ventures, Independent News & Media, Straub Ventures and Wellington Partners.

Truphone said it will use the cash injection to develop its idea of a global SIM that gives free VoIP calls over wi-fi when there’s a hotspot around and cheap GSM mobile calls when there’s not, and to add new internet features to its service in the future.

It looks like there’s some serious momentum around Truphone at the moment – along with the funding, the company bought SIM4travel, which sells cheap roaming minutes to travellers. It’s looking like Truphone is fast getting all the piece in place for an assault on the mass market.