About True Source
True Source is a company based in Vila Velha (Brazil) founded in 2018.. True Source has raised $8.98 million across 1 funding round. True Source offers products and services including Whey Protein, Proteína Vegana, True Ômega 3, True Magnésio, and True Whey Protein Coconut. True Source operates in a competitive market with competitors including Kapiva, ChromaDex, Labomar, Setu and BBetter, among others.
- Headquarter Vila Velha, Brazil
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name True Brands Distribuidora De Produtos Saudaveis Ltda
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.98 M (USD)
in 1 rounds
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Latest Funding Round
$8.98 M (USD), Series A
Jun 10, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of True Source
True Source offers a comprehensive portfolio of products and services, including Whey Protein, Proteína Vegana, True Ômega 3, True Magnésio, and True Whey Protein Coconut. 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.
Protein powder for muscle building and recovery needs
Plant-based supplement for dietary and health support
Omega-3 capsules for heart health and wellness
Magnesium supplement for relaxation and energy boost
Coconut-flavored protein for daily nutrition intake
Funding Insights of True Source
True Source has successfully raised a total of $8.98M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.98 million completed in June 2024. 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 1
- Last Round Series A — $9.0M
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First Round
First Round
(10 Jun 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - True Source | 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 |
Investments & Acquisitions by True Source
| 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 Source
| 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 Source Comparisons
Competitors of True Source
True Source 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 Kapiva, ChromaDex, Labomar, Setu and BBetter, 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 |
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| domain | founded_year | HQ Location |
Ayurvedic healthcare and nutritional products are provided by Kapiva.
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| domain | founded_year | HQ Location |
Nutritional ingredients for health and wellness are developed.
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| domain | founded_year | HQ Location |
Dietary supplements, diet foods, health products, and medical devices
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| domain | founded_year | HQ Location |
Dietary supplements with herbal extracts and vitamins are provided.
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| domain | founded_year | HQ Location |
Nutritional supplements are provided to enhance health and wellness.
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| domain | founded_year | HQ Location |
Nutritional products for various health ailments are provided.
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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 Source
When was True Source founded?
True Source was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is True Source located?
True Source is headquartered in Vila Velha, Brazil. It is registered at Vila Velha, Espirito Santo, Brazil.
Is True Source a funded company?
True Source is a funded company, having raised a total of $8.98M across 1 funding round to date. The company's 1st funding round was a Series A of $8.98M, raised on Jun 10, 2024.
What does True Source do?
True Source was established in 2018 in Vila Velha, Brazil, as an internet-first operation in the nutritional supplements sector. Products such as whey proteins, protein bars, collagen, amino acids, and vegan proteins are distributed to address brain health, mens health, womens health, skin health, and related needs. The focus remains on direct-to-consumer sales via the domain truesource.com.br, with emphasis on factual product availability across these categories.
Who are the top competitors of True Source?
What products or services does True Source offer?
True Source offers Whey Protein, Proteína Vegana, True Ômega 3, True Magnésio, and True Whey Protein Coconut.