Truconnect Overview

  • Year Founded
  • 1985

Year Founded

  • Status
  • Private

  • Employees
  • 319

Employees

  • Latest Deal Type
  • 2ndary - Private

  • Financing Rounds
  • 6

  • Investments
  • 3

Truconnect General Information

Description

Provider of free government phone and wireless service to qualifying customers The company offers high-speed data, unlimited talk and text and a free Android smartphone at no cost to qualifying customers as well as an affordable connectivity program (ACP) for low-income customers with discounted broadband service and internet-connected devices, thereby providing subsidized phone and internet services to qualified Americans.

Contact Information

Website
www.truconnect.com
Formerly Known As
Telscape Communications
Ownership Status
Privately Held (backing)
Financing Status
Formerly PE-Backed
Corporate Office
  • 1149 South Hill Street
  • Suite H400
  • Los Angeles, CA 90015-2894
  • United States
+1 (800)
Primary Industry
Internet Service Providers
Other Industries
Wireless Communications Equipment
Vertical(s)
TMT
Corporate Office
  • 1149 South Hill Street
  • Suite H400
  • Los Angeles, CA 90015-2894
  • United States
+1 (800)

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Truconnect Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Truconnect Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of free government phone and wireless service to qualifying customers The company offers high-speed data, unlim
Internet Service Providers
Los Angeles, CA
319 As of 2023

Los Angeles, CA
 

Starkville, MS
 
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Truconnect Competitors (11)

One of Truconnect’s 11 competitors is Boingo Wireless, a Private Equity-Backed company based in Los Angeles, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Boingo Wireless Private Equity-Backed Los Angeles, CA
Ting Private Equity-Backed Starkville, MS
AT&T Corporation Dallas, TX
ExteNet Systems Private Equity-Backed Frisco, TX
Hotel Internet Services Private Equity-Backed Clearwater, FL
You’re viewing 5 of 11 competitors. Get the full list »

Truconnect Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Truconnect Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Truconnect Investments (3)

Truconnect’s most recent deal was a Buyout/LBO with FreedomPop (Digital ETC Platform). The deal was made on 24-Aug-2018.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
FreedomPop (Digital ETC Platform) 24-Aug-2018 Buyout/LBO Buildings and Property
wefi (Media and Information Services (B2B)) 12-Sep-2016 Buyout/LBO Media and Information Services (B2B)
Sage Telecom 10-Jul-2012 Buyout/LBO Telecommunications Service Providers
To view Truconnect’s complete investments history, request access »

Truconnect Exits (1)

Truconnect’s most recent exit was on 10-Jul-2012 from Sage Telecom. The exit was categorized as with 4 buyers.

Company Name Exit Date Exit Type Exit Size Status Buyers
Sage Telecom 10-Jul-2012 Completed
  • 4 buyers
To view Truconnect’s complete exits history, request access »

Truconnect Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
wefi (Media and Information Services (B2B)) Los Angeles, CA 2006

Truconnect FAQs

  • When was Truconnect founded?

    Truconnect was founded in 1985.

  • Where is Truconnect headquartered?

    Truconnect is headquartered in Los Angeles, CA.

  • What is the size of Truconnect?

    Truconnect has 319 total employees.

  • What industry is Truconnect in?

    Truconnect’s primary industry is Internet Service Providers.

  • Is Truconnect a private or public company?

    Truconnect is a Private company.

  • What is Truconnect’s current revenue?

    The current revenue for Truconnect is .

  • How much funding has Truconnect raised over time?

    Truconnect has raised $41M.

  • Who are Truconnect’s investors?

    Banyan Investment Partners and The PNC Financial Services Group have invested in Truconnect.

  • Who are Truconnect’s competitors?

    Boingo Wireless, Ting, AT&T, ExteNet Systems, and Hotel Internet Services are some of the 11 competitors of Truconnect.

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