Truconnect Overview
- Year Founded
-
1985

- Status
-
Private
- Employees
-
319

- 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.comCorporate Office
- 1149 South Hill Street
- Suite H400
- Los Angeles, CA 90015-2894
- United States
Corporate Office
- 1149 South Hill Street
- Suite H400
- Los Angeles, CA 90015-2894
- United States
Truconnect Valuation & Funding
Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
---|
Truconnect Comparisons
Industry
Financing
Details
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 |
Truconnect Signals
Truconnect Investors
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
---|
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 |
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 |
|
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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