About True Lemon
True Lemon is a company based in Baltimore (United States) founded in 2003.. True Lemon has raised $11.58 million across 7 funding rounds from investors including Juggernaut Capital Partners, Alerion Partners and Liquid Capital Group. True Lemon offers products and services including Crystallized Citrus, Lemonade and Limeade Drink Mixes, Energy Drink Mixes, and Kids Drink Mixes. True Lemon operates in a competitive market with competitors including BeatBox Beverages, Cirkul, Hydrant, Barfresh Food Group and Whole Earth Brands, among others.
- Headquarter Baltimore, United States
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.58 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Juggernaut Capital Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of True Lemon
True Lemon offers a comprehensive portfolio of products and services, including Crystallized Citrus, Lemonade and Limeade Drink Mixes, Energy Drink Mixes, and Kids Drink Mixes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Natural citrus flavor packets for water enhancement without calories.
Low-sugar mixes for refreshing, authentic citrus drinks.
Caffeine-infused packets with vitamins for hydration and energy.
Vitamin-rich, low-sugar flavors to encourage kids' water intake.
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Sales and Marketing
4 people
Leadership Team
2 people
Purchasing Team
1 people
Supply Team
1 people
Forecast Team
1 people
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Funding Insights of True Lemon
True Lemon has successfully raised a total of $11.58M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(01 Jul 2005)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Series A - True Lemon | Valuation |
investors |
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| Nov, 2015 | Amount | Series A - True Lemon | Valuation |
investors |
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| Mar, 2012 | Amount | Series A - True Lemon | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in True Lemon
True Lemon has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Juggernaut Capital Partners, Alerion Partners and Liquid Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are made in consumer and healthcare sectors.
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Founded Year | Domain | Location | |
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Alerion Partners is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage investments in telecom, IT, and e-commerce are targeted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by True Lemon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - True Lemon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
True Lemon Comparisons
Competitors of True Lemon
True Lemon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BeatBox Beverages, Cirkul, Hydrant, Barfresh Food Group and Whole Earth Brands, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wine-based mixed beverages are offered in boxed formats.
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| domain | founded_year | HQ Location |
Internet first brand offering non-carbonated water
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| domain | founded_year | HQ Location |
Hydration drink powders are developed and marketed by Hydrant brand.
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| domain | founded_year | HQ Location |
Ready-to-blend frozen beverages are manufactured and distributed.
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| domain | founded_year | HQ Location |
Sweetener processing company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about True Lemon
When was True Lemon founded?
True Lemon was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is True Lemon located?
True Lemon is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Is True Lemon a funded company?
True Lemon is a funded company, having raised a total of $11.58M across 7 funding rounds to date. The company's 1st funding round was a Series A of $3.99M, raised on Jul 01, 2005.
What does True Lemon do?
True Citrus Inc. was established in 2003 and is headquartered in Baltimore, United States. Citrus-based products, including grapefruit, lemon, lime, orange, and lemonade mixes, are manufactured for use in water, tea, recipes, cooking, baking, and seasoning. These items are marketed through grocery stores and retailers across the United States and internationally, with additional sales conducted online.
Who are the top competitors of True Lemon?
True Lemon's top competitors include BeatBox Beverages, Cirkul and Hydrant.
What products or services does True Lemon offer?
True Lemon offers Crystallized Citrus, Lemonade and Limeade Drink Mixes, Energy Drink Mixes, and Kids Drink Mixes.
Who are True Lemon's investors?
True Lemon has 4 investors. Key investors include Juggernaut Capital Partners, Alerion Partners, Liquid Capital Group, and Inflect Point.