About Truepill
Truepill is a Healthcare company based in Hayward (United States) founded in 2016 by Sid Viswanathan and Umar Afridi, and was acquired by LetsGetChecked in October 2024. It operates as a medicines are ordered and delivered through an API-connected healthcare app. It operates on a API-as-a-Product and B2B2C model. Truepill has raised $322.12 million across 6 funding rounds from investors including FundersClub, LetsGetChecked and Phlo. The company has 312 employees. Truepill was last valued at $1.6 billion in October 2021. Its chief executive is Paul Greenall. Truepill offers products and services including Virtual Pharmacy, Pharmacy Fulfillment, and Pharmacy APIs. Its focus areas include Digital Health and Telepharmacy. Its competitors include Amwell, Teladoc Health, eVisit, VSee and Bright.md and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Hayward, United States
- Employees 312
- Founders Sid Viswanathan, Umar Afridi
- Stage Acquired
- SectorsHealthcare
- Website category Health · Pharmacy
- Phone•••• ••••
- Website truepill.com
- Social LinkedIn X
- Acquired by Phlo (Apr 2023)
- Total Equity Funding$322.12M (USD)
in 6 rounds
- Latest Funding Round$66.18M (USD), Series D
Aug 2023
- InvestorsFundersClub
& 21 more
- Employee Count312
- Acquired by
Products & Services of Truepill
Truepill offers a comprehensive portfolio of products and services, including Virtual Pharmacy, Pharmacy Fulfillment, and Pharmacy APIs.
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 $322.12M
- Total Rounds 6
- Last Round Series D — $66.18M
- Investors Count 22
All 6 funding rounds of Truepill with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $66.18M | Series D | – | – | |
| Oct 2021 | $142M | Series D | $1.6B | TI Platform Management | |
| Sep 2020 | $75.54M | Series C | – | – | |
| Dec 2019 | $25M | Series B | – | – | |
| Mar 2019 | $13.4M | Series A | – | Initialized Capital | |
| Jun 2017 | – | Seed | – | FundersClub | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $1.6B | •••••••• |
Last known valuation $1.6B (Oct 2021). 22 investors in total: 20 institutional and 2 angel.
Investors in Truepill
Truepill has secured backing from 22 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FundersClub, LetsGetChecked and Phlo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage healthtech and fintech startups. | – | oakhcft.com | Stamford, United States | |
Early-stage tech and offline focused VC firm funding companies in the US | – | optumventures.com | Boston, United States | |
Seed and early-stage technology investments are managed by the firm. | – | initialized.com | San Francisco, United States | |
Venture capital firm focused on multiple sectors | – | soundventures.com | - | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Early-stage tech-focused VC firm investing primarily in the US | – | tuesday.vc | San Francisco, United States | |
Investing in early-stage tech companies and ideas. | – | boxgroup.com | - | |
Investments in tech startups are managed by DTRIBE Capital. | – | dtribecapital.com | Singapore, Singapore | |
Venture capital investments are directed toward tech startups. | – | amity.vc | San Francisco, United States | |
Early-stage tech investments are made globally by Brandhaus Capital. | – | brandhaus.com.sg | Singapore, Singapore |
Investor details for Truepill
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Truepill
3 people are tracked at Truepill (3 in leadership); the tracked headcount is 312.
| Name | Role | Group |
|---|---|---|
Paul Greenall | CEO | Leadership |
Sid Viswanathan | Founder | Leadership |
Umar Afridi | Founder | Leadership |
Complete people profiles for Truepill
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Truepill
6 dated milestones of Truepill across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Truepill is founded.
- Funding First funding round.
- Milestone Reaches Unicorn status.
- Exit Acquired by Phlo.
- Funding Latest funding round, Series D, of $66.2M.
- Exit Acquired by LetsGetChecked.
Competitors of Truepill
Truepill has 8 listed competitors in our database, 8 of them funded. They include Amwell, Teladoc Health, eVisit, VSee and Bright.md, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| amwell.com | 2006 | Boston, United States | $887.35M | 742 | Telehealth solutions are provided for doctors and patients' consultations. | |
| intouchhealth.com | 2002 | Santa Barbara, United States | $93.29M | 348 | SaaS-based robotic telehealth tools are provided for healthcare providers. | |
| evisit.com | 2013 | Gilbert, United States | $71.71M | 53 | A virtual care platform is provided for health systems by eVisit. | |
| vsee.com | 2008 | Sunnyvale, United States | $3.02M | 8 | Secure video platforms for telehealth, education, and enterprises are provided. | |
| bright.md | 2014 | Portland, United States | $30.06M | 59 | Provider of virtual telehealth and physician assistant for hospitals and patients | |
| mediquo.com | 2017 | Barcelona, Spain | $12.85M | – | Health professionals are connected to patients through a telemedicine platform. | |
| summusglobal.com | 2015 | New York, United States | $71.34M | – | Online platform providing telehealth solution for doctors and patients | |
| econsult.net | 2011 | London, United Kingdom | $16M | 58 | Form-based consultation software is provided for patients and healthcare providers. |
Detailed competitors of Truepill
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Truepill
The website of Truepill (truepill.com) receives about 6.4K visits a month and ranks #2,047,734 among all websites worldwide, #2,869 in Pharmacy.
- Monthly visits6.4K
▲ 5.5% vs previous month
- Unique visitors2.8K
per month
- Global rank#2,047,734
among all websites
- Category rank#2,869
Health · Pharmacy
- Bounce rate40%
- Pages per visit6.0
- Average visit38 sec
- DevicesDesktop 28% · Mobile 72%
Websites whose visitors overlap most with Truepill. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lilly.com | 100% | 4.9M | #13,252 | View details |
Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as Truepill (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | 992 | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | 2,470 | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Truepill
Complete news archive for Truepill
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Frequently Asked Questions about Truepill
Truepill was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Truepill is headquartered in Hayward, United States. It is registered at Hayward, California, United States.
Paul Greenall is the current CEO of Truepill.
Truepill is a funded company, having raised a total of $322.12M across 6 funding rounds to date.
Truepill has 312 employees.
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.
Truepill's top competitors include Amwell, eVisit and Teladoc Health.
Truepill offers Virtual Pharmacy, Pharmacy Fulfillment, and Pharmacy APIs.
Truepill has 22 investors. Key investors include FundersClub, LetsGetChecked, Phlo, Oak HC/FT, and Optum Ventures.
The valuation of Truepill is $1.6B as of Oct 2021.
Yes. Truepill was acquired by Phlo in April 2023.