About Truepill
Truepill is a company based in Hayward (United States) founded in 2016 was acquired by LetsGetChecked in October 2024. It operates as a API-as-a-Product, and B2B2C. Truepill has raised $322.12 million across 6 funding rounds from investors including FundersClub, LetsGetChecked and Phlo. Truepill offers products and services including Virtual Pharmacy, Pharmacy Fulfillment, and Pharmacy APIs. Truepill operates in a competitive market with competitors including Amwell, Teladoc Health, eVisit, VSee and Bright.md, among others.
- Headquarter Hayward, United States
- Stage Unicorn
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$322.12 M (USD)
in 6 rounds
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Latest Funding Round
$66.18 M (USD), Series D
Aug 30, 2023
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Investors
FundersClub
& 10 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Truepill
Truepill offers a comprehensive portfolio of products and services, including Virtual Pharmacy, Pharmacy Fulfillment, and Pharmacy APIs. 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 pre-built digital pharmacy experience is provided by Truepill.
Scalable prescription delivery services are managed by Truepill nationwide.
APIs for real-time pharmacy data integration are offered by Truepill.
Funding Insights of Truepill
Truepill has successfully raised a total of $322.12M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $66.18 million completed in August 2023. 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 6
- Last Round Series D — $66.2M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series D - Truepill | Valuation |
investors |
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| Oct, 2021 | Amount | Series D - Truepill | Valuation | TI Platform Management | |
| Sep, 2020 | Amount | Series C - Truepill | Valuation |
investors |
| 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 Truepill
Truepill has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include FundersClub, LetsGetChecked and Phlo. 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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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Early-stage tech and offline focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Seed and early-stage technology investments are managed by the 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 Truepill
| 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 - Truepill
| 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 |
Truepill Comparisons
Competitors of Truepill
Truepill 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 Amwell, Teladoc Health, eVisit, VSee and Bright.md, 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 |
Telehealth solutions are provided for doctors and patients' consultations.
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| domain | founded_year | HQ Location |
SaaS-based robotic telehealth tools are provided for healthcare providers.
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| domain | founded_year | HQ Location |
A virtual care platform is provided for health systems by eVisit.
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| domain | founded_year | HQ Location |
Secure video platforms for telehealth, education, and enterprises are provided.
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| domain | founded_year | HQ Location |
Provider of virtual telehealth and physician assistant for hospitals and patients
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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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Latest news on Truepill
Frequently Asked Questions about Truepill
When was Truepill founded?
Truepill was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Truepill located?
Truepill is headquartered in Hayward, United States. It is registered at Hayward, California, United States.
Who is the current CEO of Truepill?
Paul Greenall is the current CEO of Truepill.
Is Truepill a funded company?
Truepill is a funded company, having raised a total of $322.12M across 6 funding rounds to date. The company's 1st funding round was a Series C of $75.54M, raised on Jun 01, 2017.
What does Truepill do?
Truepill is established as a B2B digital pharmacy partner focused on enhancing pharmacy experiences through technology and fulfillment services. Solutions are provided for consumer health brands, life sciences, payers, and hubs across the healthcare sector. A nationwide network of URAC-accredited pharmacies is operated, supported by the proprietary TruepillOS system and APIs for real-time data integration. Customizable virtual pharmacy experiences are offered, alongside patient support services available 247. Scalable prescription delivery and advisory services for digital health programs are also included in the portfolio.
Who are the top competitors of Truepill?
Truepill's top competitors include Amwell, eVisit and Teladoc Health.
What products or services does Truepill offer?
Truepill offers Virtual Pharmacy, Pharmacy Fulfillment, and Pharmacy APIs.
Who are Truepill's investors?
Truepill has 11 investors. Key investors include FundersClub, LetsGetChecked, Phlo, Oak HC/FT, and Optum Ventures.
What is Truepill's valuation?
The valuation of Truepill is $1.6B as of Oct 2021.
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