About Trullion
Trullion is a company based in New York (United States) founded in 2020.. Trullion has raised $33.5 million across 3 funding rounds from investors including StepStone Group, Third Point Ventures and Greycroft. Trullion offers products and services including Lease Accounting, Audit, Revenue Recognition, Data Extraction, and Data Validation. Trullion operates in a competitive market with competitors including FloQast, Canopy, Suralink, SafeSend and Silverfin, among others.
- Headquarter New York, United States
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Sectors
Technology
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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 Trullion 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
$33.5 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series A
Apr 19, 2023
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Investors
StepStone Group
& 9 more
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Employee Count
Employee Count
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Products & Services of Trullion
Trullion offers a comprehensive portfolio of products and services, including Lease Accounting, Audit, Revenue Recognition, Data Extraction, and Data Validation. 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.
Automates lease workflows for compliance and efficiency in financial reporting.
Enhances audit processes with AI for faster and error-free reviews.
Streamlines revenue tracking and ensures adherence to standards like ASC 606.
Extracts key details from documents for structured financial data management.
Verifies data accuracy and highlights discrepancies in accounting records.
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Funding Insights of Trullion
Trullion has successfully raised a total of $33.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in April 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 3
- Last Round Series A — $15.0M
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First Round
First Round
(15 Mar 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Trullion | Valuation | StepStone Group | |
| Feb, 2022 | Amount | Series A - Trullion | Valuation | Aleph , Third Point Ventures | |
| Mar, 2021 | Amount | Seed - Trullion | Valuation | Greycroft , Aleph |
| 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 Trullion
Trullion has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include StepStone Group, Third Point Ventures and Greycroft. 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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Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Founded Year | Domain | Location | |
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Corporate-backed venture capital is focused on fintech and multiple sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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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 Trullion
| 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 - Trullion
| 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 |
Trullion Comparisons
Competitors of Trullion
Trullion 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 FloQast, Canopy, Suralink, SafeSend and Silverfin, 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 |
Automated account reconciliation is facilitated by a cloud-based platform.
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| domain | founded_year | HQ Location |
Practice management software is offered for accounting professionals.
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| domain | founded_year | HQ Location |
Workflow management software is provided for accounting firms' document handling.
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| domain | founded_year | HQ Location |
Tax automation solutions are provided for accountants' digital return delivery.
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| domain | founded_year | HQ Location |
Cloud-based accounting workflow and practice management solutions for businesses
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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 Trullion
Frequently Asked Questions about Trullion
When was Trullion founded?
Trullion was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Trullion located?
Trullion is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Trullion a funded company?
Trullion is a funded company, having raised a total of $33.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Mar 15, 2021.
What does Trullion do?
Trullion was founded in 2020 and is headquartered in New York, United States. The platform operates in the financial technology sector, where AI-driven tools are utilized for accountants. Services include workflow automation, revenue recognition, account leasing management, audit support, data reconciliation, validations, and extractions. These functionalities are designed to streamline accounting processes across various operations.
Who are the top competitors of Trullion?
What products or services does Trullion offer?
Trullion offers Lease Accounting, Audit, Revenue Recognition, Data Extraction, and Data Validation.
Who are Trullion's investors?
Trullion has 10 investors. Key investors include StepStone Group, Third Point Ventures, Greycroft, Aleph, and Bob Mylod.
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