About TrueLens
TrueLens is a company based in Cambridge (United States) founded in 2010.. TrueLens has raised $1.2 million across 1 funding round from investors including Vocal Remover, 500 Global and CRV. The company has 928 employees as of December 31, 2020. TrueLens offers products and services including TrueLens Contact Lenses, Glasses, and Sunglasses. TrueLens operates in a competitive market with competitors including 1-800 Contacts, Tangible Science, Conforma, Acuvue and Lens Express, among others.
- Headquarter Cambridge, United States
- Employees 928 as on 31 Dec, 2020
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mister Spex Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Dec 03, 2012
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Investors
Vocal Remover
& 8 more
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Employee Count
928
as on Dec 31, 2020
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Products & Services of TrueLens
TrueLens offers a comprehensive portfolio of products and services, including TrueLens Contact Lenses, Glasses, and Sunglasses. 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.
Lenses for vision correction, suitable for daily or extended wear.
Frames and lenses for everyday vision needs.
Protective eyewear with optional prescription features.
Funding Insights of TrueLens
TrueLens has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in December 2012. 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(03 Dec 2012)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2012 | Amount | Seed - TrueLens | Valuation | Google Ventures |
| 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 TrueLens
TrueLens has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Vocal Remover, 500 Global and CRV. 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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An online service for removing vocals from music tracks is provided.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech startups.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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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 TrueLens
| 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 - TrueLens
| 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 |
Truelens Comparisons
Competitors of TrueLens
TrueLens 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 1-800 Contacts, Tangible Science, Conforma, Acuvue and Lens Express, 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 retail platform offering contact lenses
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| domain | founded_year | HQ Location |
Polymer coating for intraocular lenses to facilitate tear secretion naturally
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| domain | founded_year | HQ Location |
Cancer drugs targeting HSP90 molecular chaperones are developed.
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| domain | founded_year | HQ Location |
Manufactures contact lenses for vision correction and eye health needs.
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| domain | founded_year | HQ Location |
Functions as an online retail platform specializing in contact lenses and related products.
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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 TrueLens
When was TrueLens founded?
TrueLens was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is TrueLens located?
TrueLens is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is TrueLens a funded company?
TrueLens is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Dec 03, 2012.
How many employees does TrueLens have?
As of Dec 31, 2020, the latest employee count at TrueLens is 928.
What does TrueLens do?
TrueLens is a division of SocMetrics. It is a solution and nbsp, for marketers that create customer records by bringing social insight and nbsp, linked to the CRM database. Social graphics tells about what truly matters to the customers by revealing their expressed brand preferences, interests, and intents sourced from their online activity and updated in real time and nbsp, It helps loyalty marketers by enriching their data with interest, intent, influence, and brand affinity data that can be leveraged for Segmentation, Retention, Upsell, and Acquisition, TrueLens analyzes Socialgraphic data on the customers of the brands such as Adidas, Game Show Network, Neiman Marcus and more.
Who are the top competitors of TrueLens?
TrueLens's top competitors include Tangible Science, 1-800 Contacts and Conforma.
What products or services does TrueLens offer?
TrueLens offers TrueLens Contact Lenses, Glasses, and Sunglasses.
Who are TrueLens's investors?
TrueLens has 9 investors. Key investors include Vocal Remover, 500 Global, CRV, Boston Seed Capital, and Google Ventures.
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