About TrueCommerce
TrueCommerce is a company based in Swansea (United Kingdom) founded in 2001 by Andrew Robathan was acquired by TrueCommerce in November 2019. It operates as a SaaS (Software-as-a-Service), and Managed Services. TrueCommerce offers products and services including B2B eCommerce Platform, EDI Solutions, and Punchout Solutions. TrueCommerce operates in a competitive market with competitors including Shopify, Weebly, Squarespace, Webs and Nuvemshop, among others.
- Headquarter Swansea, United Kingdom
- Founders Andrew Robathan
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Sectors
Retail
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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 Truecommerce Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
TrueCommerce
(Nov 01, 2019)
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Products & Services of TrueCommerce
TrueCommerce offers a comprehensive portfolio of products and services, including B2B eCommerce Platform, EDI Solutions, and Punchout Solutions. 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.
A scalable platform for B2B online sales management.
Electronic data interchange for streamlined business communications.
Integration with procurement systems for seamless purchasing processes.
Funding Insights of TrueCommerce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 1 investor. Prominent investors backing the company include TrueCommerce. 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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Electronic data interchange solutions are provided for e-commerce businesses.
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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
| 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 - TrueCommerce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Shopify, Weebly, Squarespace, Webs and Nuvemshop, 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 |
E-commerce storefront solutions are provided for online businesses.
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| domain | founded_year | HQ Location |
Tools for creating websites and online stores are provided.
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| domain | founded_year | HQ Location |
Cloud-based website builder tool
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| domain | founded_year | HQ Location |
Websites are built without coding via a cloud-based drag-and-drop platform.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce store creation and management are provided.
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| domain | founded_year | HQ Location |
Enterprise cloud commerce solutions are provided for retailers and manufacturers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 TrueCommerce
When was TrueCommerce founded?
TrueCommerce was founded in 2001.
Where is TrueCommerce located?
TrueCommerce is headquartered in Swansea, United Kingdom. It is registered at Swansea, Wales, United Kingdom.
What does TrueCommerce do?
A comprehensive B2B eCommerce platform is offered by TrueCommerce, focusing on scalable solutions for manufacturers, distributors, and wholesalers. Integration with ERP systems and procurement tools is supported to enhance efficiency. Various industries including consumer goods, electronics, and healthcare are served. Advanced features like punchout functionality and intelligent pricing are included to streamline online transactions. Global expansion is facilitated through multi-language and regional tax support. A robust network of trading partners and marketplace integrations is maintained to drive sales growth.
Who are the top competitors of TrueCommerce?
TrueCommerce's top competitors include Shopify, Squarespace and Weebly.
What products or services does TrueCommerce offer?
TrueCommerce offers B2B eCommerce Platform, EDI Solutions, and Punchout Solutions.
Who are TrueCommerce's investors?
TrueCommerce has 1 investor. Key investors include TrueCommerce.