About True Made Foods
True Made Foods is a company based in Alexandria (United States) founded in 2015.. True Made Foods has raised $6.9 million across 5 funding rounds from investors including FoodBytes, SOSV and Food-X. The company has 3 employees as of December 31, 2021. True Made Foods offers products and services including Ketchup, BBQ Sauces, Mustards, Hot Sauces, and BBQ Rubs. True Made Foods operates in a competitive market with competitors including Heinz, Sir Kensington's, Cleveland Kitchen, Grillo's Pickles and Yellowbird, among others.
- Headquarter Alexandria, United States
- Employees 3 as on 31 Dec, 2021
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$1.78 M150as on Dec 31, 2021
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Net Profit
$-1.13 M55as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$6.9 M (USD)
in 5 rounds
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Latest Funding Round
$933.26 K (USD), Series A
Mar 19, 2021
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Investors
FoodBytes
& 2 more
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Employee Count
3
as on Dec 31, 2021
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Products & Services of True Made Foods
True Made Foods offers a comprehensive portfolio of products and services, including Ketchup, BBQ Sauces, Mustards, Hot Sauces, and BBQ Rubs. 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.
Sugar-free ketchup sweetened with fruits and vegetables for everyday use.
Natural BBQ sauces without added sugar for grilling needs.
Healthier mustards using vegetable-based sweeteners.
Spicy hot sauces made with natural ingredients minus sugar.
Sugar-free rubs for meats, crafted from natural sources.
Assortments of sugar-free condiments for versatile meals.
Funding Insights of True Made Foods
True Made Foods has successfully raised a total of $6.9M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $933.26 thousand completed in March 2021. 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 5
- Last Round Series A — $933,263
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First Round
First Round
(28 Aug 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - True Made Foods | Valuation |
investors |
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| Aug, 2019 | Amount | Series A - True Made Foods | Valuation |
investors |
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| Dec, 2016 | Amount | Seed - True Made Foods | 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 Made Foods
True Made Foods has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include FoodBytes, SOSV and Food-X. 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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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Food sector startups are accelerated through funding and equity programs.
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Founded Year | Domain | Location | |
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Pitch competition and networking platform for food and agriculture startups
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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 Made Foods
| 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 Made Foods
| 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 Made Foods Comparisons
Competitors of True Made Foods
True Made Foods 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 Heinz, Sir Kensington's, Cleveland Kitchen, Grillo's Pickles and Yellowbird, 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 |
Heinz is recognized for producing condiments and packaged foods.
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| domain | founded_year | HQ Location |
Brand of ketchups, mayonnaise and sauces
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| domain | founded_year | HQ Location |
Provider of grocery and staples for consumers
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| domain | founded_year | HQ Location |
Pickles and condiments are produced and branded by Grillo's Pickles.
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| domain | founded_year | HQ Location |
Brand of sauces
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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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Latest news on True Made Foods
Frequently Asked Questions about True Made Foods
When was True Made Foods founded?
True Made Foods was founded in 2015.
Where is True Made Foods located?
True Made Foods is headquartered in Alexandria, United States.
Is True Made Foods a funded company?
True Made Foods is a funded company, having raised a total of $6.9M across 5 funding rounds to date. The company's 1st funding round was a Seed of $77K, raised on Aug 28, 2015.
How many employees does True Made Foods have?
As of Dec 31, 2021, the latest employee count at True Made Foods is 3.
What is the annual revenue of True Made Foods?
Annual revenue of True Made Foods is $1.78M as on Dec 31, 2021.
What does True Made Foods do?
True Made Foods was established in 2015 in Alexandria, United States, focusing on the food products sector. A variety of sauces, such as ketchup, BBQ sauce, and hot sauce, is manufactured using natural vegetables, with non-GMO and gluten-free attributes. Distribution occurs online via the company domain and through US retail outlets including Lowes Foods, River Valley Market, and Roberts Food Center.
Who are the top competitors of True Made Foods?
True Made Foods's top competitors include Sir Kensington's, Heinz and Cleveland Kitchen.
What products or services does True Made Foods offer?
True Made Foods offers Ketchup, BBQ Sauces, Mustards, Hot Sauces, and 2 more products and services.