Truemed

Austin, United States Founded: 2001 • Age: 25 yrs
Healthcare payment provider for the purchase of fitness products
Annual revenue - Latest available
Total funding $32.6M 1 rounds
Employees 98 Tracked headcount
Investors - Known backers
Products 1 Services tracked
Competitors 9 Brand Intelligence

About Truemed

Truemed is a company based in Austin (United States) founded in 2001 by Justin Mares and Calley Means. Truemed has raised $32.65 million across 1 funding round. The company has 98 employees as of December 31, 2023. Truemed offers products and services including HSA/FSA Unlocking Platform. Truemed operates in a competitive market with competitors including Bodybuilding.com, Bright LifeCare, Cultsport, MyFab and beatXP, among others.

  • Headquarter Austin, United States
  • Employees 98 as on 31 Dec, 2023
  • Founders Justin Mares, Calley Means
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Truemed Inc
Operational Areas
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $32.65 M (USD)

    in 1 rounds

  • Latest Funding Round
    $32.65 M (USD), Series C

    Feb 18, 2025

  • Investors
    Not available
  • Employee Count
    98

    as on Dec 31, 2023

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Products & Services of Truemed

Truemed offers a comprehensive portfolio of products and services, including HSA/FSA Unlocking Platform.

Product name locked
Category locked
Primary

Enables use of pre-tax funds for health and wellness products

Funding Insights of Truemed

Truemed has successfully raised a total of $32.65M through 1 strategic funding round. The most recent funding activity was a Series C round of $32.65 million completed in February 2025. 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.

Investments & Acquisitions by Truemed

Investments
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Investment portfolio details for Truemed

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Financial Statements - Truemed

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Detailed financials for Truemed

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Truemed Comparisons

Truemed Primary company
Description
Healthcare payment provider for the purchase of fitness prod...
Location
Austin, United States
Founded Year
2001
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
98
As of 2023
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Peer comparison for Truemed

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Competitors of Truemed

Truemed 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 Bodybuilding.com, Bright LifeCare, Cultsport, MyFab and beatXP, among others.

Company Name Domain Founded year HQ Location Description
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eCommerce platform for fitness supplements and sports gear is operated.
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Nutritional supplements and wellness products are manufactured and sold.
Locked Locked Locked
Online platform selling sportswear, fitness equipment, and accessories for workouts.
Locked Locked Locked
High-end furniture is sourced from China and retailed online cross-border.
Locked Locked Locked
Online platform selling health, wellness, and fitness products affordably.
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Detailed competitors of Truemed

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Latest news on Truemed

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Complete news archive for Truemed

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Frequently Asked Questions about Truemed

Truemed was founded in 2001 and raised its 1st funding round 24 years after it was founded.

Truemed is headquartered in Austin, United States. It is registered at Austin, Texas, United States.

Justin Mares is the current CEO of Truemed. They have also founded this company.

Truemed is a funded company, having raised a total of $32.65M across 1 funding round to date.

As of Dec 31, 2023, the latest employee count at Truemed is 98.

Truemed was founded in 2001 and is headquartered in Austin, United States. Operations focus on the healthcare payments sector, where tax-free HSA and FSA accounts are utilized for purchases of fitness and wellness products. Services are provided to facilitate savings on health-related items and services, supporting individual access to eligible expenditures in the wellness industry.

Truemed's top competitors include WiseLife, Bodybuilding.com and Bright LifeCare.

Truemed offers HSA/FSA Unlocking Platform.

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