TrueCommerce
About TrueCommerce
TrueCommerce is a company based in Cranberry Township (United States) founded in 1996 was acquired by Welsh, Carson, Anderson & Stowe in November 2020.. TrueCommerce has raised $4 million across 2 funding rounds from investors including Welsh, Carson, Anderson & Stowe, HighJump and Innovation Works. TrueCommerce has completed 5 acquisitions, including B2BGateway, Datalliance and DiCentral. TrueCommerce offers products and services including EDI Platform, ERP Integrations, and VMI Services. TrueCommerce operates in a competitive market with competitors including Coupang, Shiprocket, Digimarc, Shippo and Sorted, among others.
- Headquarter Cranberry Township, United States
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Sectors
TechnologyTransportation, Automotive & Logistics Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name True Commerce, Inc.
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Annual Revenue
$16.47 M (USD)6as on Dec 31, 2022
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Welsh, Carson, Anderson & Stowe
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
B2BGateway
& 4 more
- Acquired by
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Products & Services of TrueCommerce
TrueCommerce offers a comprehensive portfolio of products and services, including EDI Platform, ERP Integrations, and VMI Services. 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.
Automates electronic data interchange for supply chain transactions.
Connects ERP systems with trading partners for seamless data exchange.
Manages vendor inventory to optimize stock levels and reduce stockouts.
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Leadership Team
19 people
Software Development Team
13 people
Implementation Team
12 people
Product Management Team
7 people
Sales and Marketing
6 people
Human Resources and Administration
5 people
Integration Team
4 people
Manager Team
4 people
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Funding Insights of TrueCommerce
TrueCommerce has successfully raised a total of $4M across 2 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 2
- Last Round Last Round
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First Round
First Round
(01 Jun 2004)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2006 | Amount | Series A - TrueCommerce | Valuation |
investors |
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| Jun, 2004 | Amount | Series A - TrueCommerce | Valuation |
investors |
| 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 TrueCommerce
TrueCommerce has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Welsh, Carson, Anderson & Stowe, HighJump and Innovation Works. 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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Software, hardware, and life sciences startups are funded and accelerated.
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Founded Year | Domain | Location | |
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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location | |
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Healthcare and technology sectors are targeted for private equity investments.
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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 TrueCommerce
TrueCommerce has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include B2BGateway, Datalliance and DiCentral. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Web-based solutions are provided for the logistics industry.
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2011 | ||||
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A B2B eCommerce platform is provided for online sales management.
|
2001 | ||||
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EDI supply chain software solutions are provided for data integration.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TrueCommerce
| 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 |
Truecommerce Comparisons
Competitors of TrueCommerce
TrueCommerce 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 Coupang, Shiprocket, Digimarc, Shippo and Sorted, 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 |
Multi-category consumer products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
Anti-counterfeiting barcode solutions are supplied to brands and retailers.
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| domain | founded_year | HQ Location |
Web-based shipping solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
E-commerce shipping operations are managed via SaaS platform.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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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 Truecommerce
Frequently Asked Questions about TrueCommerce
When was TrueCommerce founded?
TrueCommerce was founded in 1996 and raised its 1st funding round 8 years after it was founded.
Where is TrueCommerce located?
TrueCommerce is headquartered in Cranberry Township, United States. It is registered at Cranberry Township, Pennsylvania, United States.
Is TrueCommerce a funded company?
TrueCommerce is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 01, 2004.
What is the annual revenue of TrueCommerce?
Annual revenue of TrueCommerce is $16.47M as on Dec 31, 2022.
What does TrueCommerce do?
TrueCommerce was founded in 1996 and is headquartered in Cranberry Township, United States. Electronic data interchange solutions are offered to e-commerce businesses, encompassing end-to-end services such as data mapping software, network connectivity, and modules for generating advance ship notices. Operations center on streamlining data exchange processes within the e-commerce sector, supporting supply chain integration across various industries.
Who are the top competitors of TrueCommerce?
TrueCommerce's top competitors include Coupang, Shiprocket and Shippo.
What products or services does TrueCommerce offer?
TrueCommerce offers EDI Platform, ERP Integrations, and VMI Services.
How many acquisitions has TrueCommerce made?
TrueCommerce has made 5 acquisitions, including B2BGateway, Datalliance, and DiCentral.
Who are TrueCommerce's investors?
TrueCommerce has 4 investors. Key investors include Welsh, Carson, Anderson & Stowe, HighJump, Innovation Works, and Edison Partners.