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
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Sectors
Healthcare
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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 Truemed Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32.65 M (USD)
in 1 rounds
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Latest Funding Round
$32.65 M (USD), Series C
Feb 18, 2025
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Investors
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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. 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.
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $32.6M
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First Round
First Round
(18 Feb 2025)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series C - Truemed | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Truemed
| 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 - Truemed
| 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 |
Truemed Comparisons
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. 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 |
eCommerce platform for fitness supplements and sports gear is operated.
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| domain | founded_year | HQ Location |
Nutritional supplements and wellness products are manufactured and sold.
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| domain | founded_year | HQ Location |
Online platform selling sportswear, fitness equipment, and accessories for workouts.
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| domain | founded_year | HQ Location |
High-end furniture is sourced from China and retailed online cross-border.
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| domain | founded_year | HQ Location |
Online platform selling health, wellness, and fitness products affordably.
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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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Latest news on Truemed
Frequently Asked Questions about Truemed
When was Truemed founded?
Truemed was founded in 2001 and raised its 1st funding round 24 years after it was founded.
Where is Truemed located?
Truemed is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Truemed?
Justin Mares is the current CEO of Truemed. They have also founded this company.
Is Truemed a funded company?
Truemed is a funded company, having raised a total of $32.65M across 1 funding round to date. The company's 1st funding round was a Series C of $32.65M, raised on Feb 18, 2025.
How many employees does Truemed have?
As of Dec 31, 2023, the latest employee count at Truemed is 98.
What does Truemed do?
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.
Who are the top competitors of Truemed?
Truemed's top competitors include WiseLife, Bodybuilding.com and Bright LifeCare.
What products or services does Truemed offer?
Truemed offers HSA/FSA Unlocking Platform.