About Truebill
Truebill is a company based in San Francisco (United States) founded in 2015 was acquired by RocketCompanies in December 2021.. Truebill has raised $83.88 million across 7 funding rounds from investors including Bessemer Venture Partners, Accel and Social Capital. Truebill operates in a competitive market with competitors including Ternary, Grid, BillTrim, Hiatus and WalletFi, among others.
- Headquarter San Francisco, United States
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rocket Money, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$83.88 M (USD)
in 7 rounds
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Latest Funding Round
$45 M (USD), Series D
Jun 01, 2021
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Investors
Bessemer Venture Partners
& 24 more
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Employee Count
Employee Count
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Acquired by
RocketCompanies
(Dec 20, 2021)
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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 Total Funding
- Total Rounds 7
- Last Round Series D — $45.0M
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First Round
First Round
(01 Mar 2016)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series D - Truebill | Valuation | Accel | |
| Nov, 2020 | Amount | Series C - Truebill | Valuation | Bessemer Venture Partners | |
| Oct, 2019 | Amount | Series B - Truebill | Valuation | Eldridge Industries |
| 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 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. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital investments are focused on US sectors.
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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 Truebill
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Truebill
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truebill Comparisons
Competitors of Truebill
Truebill 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 Ternary, Grid, BillTrim, Hiatus and WalletFi, 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 |
Cost management services are provided to businesses by Ternary.
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| domain | founded_year | HQ Location |
Bills, savings, and tax refunds are managed via mobile platform.
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| domain | founded_year | HQ Location |
Bill management platform
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| domain | founded_year | HQ Location |
Hiatus is developed as an all-in-one finance and bill management tool.
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| domain | founded_year | HQ Location |
Recurring billing and payments are managed via an online platform.
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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 Truebill
Frequently Asked Questions about Truebill
When was Truebill founded?
Truebill was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Truebill located?
Truebill is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Truebill a funded company?
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 Series B of $15M, raised on Mar 01, 2016.
What does Truebill do?
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.
Who are the top competitors of Truebill?
Who are Truebill's investors?
Truebill has 25 investors. Key investors include Bessemer Venture Partners, Accel, Social Capital, Rocket Companies, and Cota Capital.
What is Truebill's valuation?
The valuation of Truebill is $500M as of Jun 2021.
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