About TrueFan AI
TrueFan AI is a company based in San Francisco (United States) founded in 2020 by Nevaid Aggarwal, Nimish Goel, and Devender Bindal. It operates as a AI-as-a-Service, and Subscription Services. TrueFan AI has raised $22.1 million across 5 funding rounds from investors including Z3Partners, Saama Capital and Patni Financial Advisors. The company has 65 employees as of April 06, 2024. TrueFan AI offers products and services including AI Video Platform and TrueFan App. TrueFan AI operates in a competitive market with competitors including Tring, HeyHey, GoNuts, Wish2Wish and FansTribe, among others.
- Headquarter San Francisco, United States
- Employees 65 as on 06 Apr, 2024
- Founders Nevaid Aggarwal, Nimish Goel, Devender Bindal
- Stage Minicorn
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Sectors
TelecommunicationsRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hogwarts E-Learning Universe Private Limited
- Date of Incorporation 31 Jul, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.19 M (USD)304.75as on Mar 31, 2023
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Net Profit
$-2.21 M (USD)-8.58as on Mar 31, 2023
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EBITDA
$-2.34 M (USD)-12.99as on Mar 31, 2023
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Total Equity Funding
$22.1 M (USD)
in 5 rounds
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Latest Funding Round
$6.73 M (USD), Series A
Jun 22, 2022
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Investors
Z3Partners
& 30 more
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Employee Count
65
as on Apr 06, 2024
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Products & Services of TrueFan AI
TrueFan AI offers a comprehensive portfolio of products and services, including AI Video Platform and TrueFan App. 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.
AI videos are created for enterprise marketing needs.
Fan engagement is facilitated through this mobile application.
Funding Insights of TrueFan AI
TrueFan AI has successfully raised a total of $22.1M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $6.73 million completed in June 2022. 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 5
- Last Round Series A — $6.7M
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First Round
First Round
(05 Mar 2020)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - TrueFan AI | Valuation | Z3Partners | |
| Jun, 2022 | Amount | Series A - TrueFan AI | Valuation | Z3Partners | |
| Aug, 2020 | Amount | Seed - TrueFan AI | Valuation | Mayfield , Saama Capital |
| 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 TrueFan AI
TrueFan AI has secured backing from 31 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Z3Partners, Saama Capital and Patni Financial Advisors. 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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Tech and digital investing services in India.
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Founded Year | Domain | Location | |
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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage VC firm
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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 TrueFan AI
| 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 - TrueFan AI
| 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 |
Truefan Ai Comparisons
Competitors of TrueFan AI
TrueFan AI 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 Tring, HeyHey, GoNuts, Wish2Wish and FansTribe, 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 |
Online platform offering personalized video messages from celebrities
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| domain | founded_year | HQ Location |
Online platform offering personalized videos from celebrities
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| domain | founded_year | HQ Location |
Online platform to get personalized video messages from celebrities
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| domain | founded_year | HQ Location |
Platform for celebrity wish videos, bookings, and business advertisements services.
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| domain | founded_year | HQ Location |
Platform for fans to connect, contribute, and interact with celebrities via app.
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| domain | founded_year | HQ Location |
Operates a digital hub for personalized video messages from celebrities.
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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 TrueFan AI
When was TrueFan AI founded?
TrueFan AI was founded in 2020.
Where is TrueFan AI located?
TrueFan AI is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is TrueFan AI a funded company?
TrueFan AI is a funded company, having raised a total of $22.1M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.82M, raised on Mar 05, 2020.
How many employees does TrueFan AI have?
As of Apr 06, 2024, the latest employee count at TrueFan AI is 65.
What is the annual revenue of TrueFan AI?
Annual revenue of TrueFan AI is $1.19M as on Mar 31, 2023.
What does TrueFan AI do?
TrueFan AI is focused on delivering AI-powered video content solutions for enterprises. Services are provided to major brands across industries like BFSI, travel, and pharma. Hyper-personalized video content is created in over 175 languages, enabling scalable marketing campaigns. Integration into various workflows and stacks is supported for seamless operation. Solutions are tailored for enterprise marketing, SMBs, and fan engagement through dedicated applications.
Who are the top competitors of TrueFan AI?
What products or services does TrueFan AI offer?
TrueFan AI offers AI Video Platform and TrueFan App.
Who are TrueFan AI's investors?
TrueFan AI has 31 investors. Key investors include Z3Partners, Saama Capital, Patni Financial Advisors, Catalyst Trusteeship, and Mayfield.
What is TrueFan AI's valuation?
The valuation of TrueFan AI is $22.53M as of Jun 2022.