The Guardian
trending topics

Trutap Mobile Social App Taps Up Another $6.5 Million Funding

  • Comments Comments (View)
  • Text Size: A A

Trutap, a new social media application for mobile phones, has raised another $6.5 million (3.23 million pounds) from The Tudor Group and angel investors. The downloadable service, which offers blog posting, multi-protocol IM, group SMS, web photo-sharing and access to existing social networks, last year raised $1.2 million (600,000 pounds) angel funding and an initial $6.5 million (3.23 million pounds) from Boston-based Tudor.

SEE ALSO: Trutap, New Mobile Social Media App, Launching This Week

Now the London-based company, whose CEO and co-founder is former Dragons’ Den judge Doug Richard, has raised a further “follow-on” first round it says will be used for further development, marketing and strengthening the team across key regions. Trutap was launched in beta at the TechCrunch40 event in San Francisco last week and said this brings total funding to $13 million (£6.45 million). It’s aimed at 18- to 24-year-olds and has previously stated its main targets are teenagers in Brazil, Russia, India and China.

For more UK and Europe related digital media news, read our new site paidContent:UK.

Sep 24, 2007 2:42 AM ET

Posted In: Money, M&A & Venture Capital, Social Media

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Last.fm Songs Last.fm Songs
1. Born To Die
2. Video Games
3. Somebody That I Used To Know
4. Off To The Races
5. Rolling In The Deep
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff