About Truebill
Truebill is a Technology company based in San Francisco (United States) founded in 2015, and was acquired by RocketCompanies in December 2021. Subscription services are tracked and managed through an app-based platform. Truebill has raised $83.88 million across 7 funding rounds from investors including Bessemer Venture Partners, Accel and Social Capital. Truebill was last valued at $500 million in June 2021. Its website truebill.com draws about 26 thousand monthly visits. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Expense Management. Its legal entity is ROCKET MONEY, INC. Its competitors include Ternary, Grid and BillTrim; 2 of its 3 listed competitors have raised funding.
Company details
Truebill was founded in 2015 in San Francisco, United States, as an app-based platform in the personal finance sector. Accounts are set up by users to enable monitoring of online statements. Monthly email digests are sent to provide insights, while alerts are issued for important events. Unwanted charges are highlighted in monthly reports, supporting subscription management across various services.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsTechnology
- Website truebill.com
- Social LinkedIn X Facebook
- Acquired by RocketCompanies (Dec 2021)
- Legal Name Rocket Money, Inc
- Total Equity Funding$83.88M (USD)
in 7 rounds
- Latest Funding Round$45M (USD), Series D
Jun 2021
- InvestorsBessemer Venture Partners
& 24 more
- Acquired byRocketCompanies
(Dec 2021)
Funding Insights of Truebill
Truebill has successfully raised a total of $83.88M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $45 million completed in June 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 $83.88M
- Total Rounds 7
- Last Round Series D — $45M
- First Round $125,000
(Mar 2016)
- Investors Count 24
All 7 funding rounds of Truebill with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $45M | Series D | $500M | Accel | |
| Nov 2020 | $17M | Series C | – | Bessemer Venture Partners | |
| Oct 2019 | $15M | Series B | – | Eldridge Industries | |
| Oct 2018 | $5M | Series A | – | Cota Capital, Social Capital | |
| Jun 2016 | $1.4M | Seed | – | – | |
| Mar 2016 | $350,000 | Seed | – | – | |
| Mar 2016 | $125,000 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $500M | •••••••• |
Last known valuation $500M (Jun 2021). 25 investors in total: 17 institutional and 8 angel.
Investors in Truebill
Truebill has secured backing from 25 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Accel and Social Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Stage-agnostic venture capital investments are focused on US sectors. | cotacapital.com | San Francisco, United States | ||
Holding company investing in insurance, asset management, technology, mobility, sports, music, real estate, and consumer sectors | eldridge.com | Miami, United States | ||
Early-stage founders are supported through impactful venture capital investments. | fireboltventures.com | Palo Alto, United States | ||
Early-stage venture capital firm investing in and supporting technology startups | dayoneventures.com | San Francisco, United States | ||
Early-stage venture capital firm investing mainly in the US | yventures.com | Monrovia, United States | ||
Early-stage startups are funded by Lucas Venture Group. | lucasvg.com | Palo Alto, United States | ||
Investments in tech startups are made by Evolution VC Partners. | evolutionvcp.com | New York, United States | ||
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States |
Investor details for Truebill
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Truebill
45 people are tracked at Truebill (14 in leadership, 31 in team).
| Name | Role | Group |
|---|---|---|
Tynan Conner | Senior Director Of Growth | Leadership |
Rob Cross | COO | Leadership |
Alex Stepick | Vice President, Legal & General Counsel | Leadership |
Haroon Mokhtarzada | CEO & Chairman | Leadership |
Cindy McGuire Scarfe | Executive Assistant to the CEO | Leadership |
Ross Fishkind | VP Of Product & Design | Leadership |
Lawrence Young | Director Of Digital Growth | Leadership |
Gina Kwong | Director of Growth Operations | Leadership |
Michelle McGowan | Director Of Operations | Leadership |
Yahya Mokhtarzada | Founder, Chief Revenue Officer | Leadership |
Lauren Brunner | Director, Growth Marketing Creative Strategy | Leadership |
Cameron Mills | VP Of Growth Marketing | Leadership |
Trenton Polley | Director Of Growth Marketing- Card | Leadership |
Katherine Gardner | Director of Research and Insights | Leadership |
Kathryn Lomasney | Deputy General Counsel | Team |
Conway Xu | Growth Marketing Manager - Google | Team |
Brayden Tokuyama | Growth Marketing Manager, Offline | Team |
Jeman Park | Product Manager, Savings | Team |
Eleni Gibson | Product Manager | Team |
Lucy Matz | Digital Product Manager | Team |
25 more people are available in the full profile.
Complete people profiles for Truebill
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Truebill
5 dated milestones of Truebill across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Truebill is founded.
- Funding First funding round of $125K.
- Funding Latest funding round, Series D, of $45.0M.
- Milestone Reaches Minicorn status.
- Exit Acquired by RocketCompanies.
Competitors of Truebill
Truebill has 3 listed competitors in our database, 2 of them funded. They include Ternary, Grid and BillTrim.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ternary.app | 2020 | Claymont, United States | $20.32M | Cost management services are provided to businesses by Ternary. | ||
| getgrid.app | 2019 | San Francisco, United States | Bills, savings, and tax refunds are managed via mobile platform. | |||
| billtrim.com | 2016 | Houston, United States | $150,000 | Bill management platform |
Detailed competitors of Truebill
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Truebill
The website of Truebill (truebill.com) receives about 26.2K visits a month.
- Monthly visits26.2K
▲ 19.3% vs previous month
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as Truebill (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Truebill
Complete news archive for Truebill
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Frequently Asked Questions about Truebill
Truebill was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Truebill is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Truebill is a funded company, having raised a total of $83.88M across 7 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 2016.
Truebill was founded in 2015 in San Francisco, United States, as an app-based platform in the personal finance sector. Accounts are set up by users to enable monitoring of online statements. Monthly email digests are sent to provide insights, while alerts are issued for important events. Unwanted charges are highlighted in monthly reports, supporting subscription management across various services.
Truebill has 25 investors. Key investors include Bessemer Venture Partners, Accel, Social Capital, Rocket Companies, and Cota Capital.
The valuation of Truebill is $500M as of Jun 2021.
Truebill operates through Rocket Money, Inc.
Yes. Truebill was acquired by RocketCompanies in December 2021.