About truLOCAL
truLOCAL is a company based in Milton (Canada) founded in 2016 by Marc Lafleur and Greg Quaile was acquired by EMERGE Commerce in January 2021.. truLOCAL has raised $100 thousand across 1 funding round from investors including EMERGE Commerce and Michele Romanow. truLOCAL offers products and services including Curated Boxes, Corporate Gifts, and Individual Products. truLOCAL operates in a competitive market with competitors including Meatme, FoodScrooge, Bessie Box, Macelleria Centro Storico and NIKU Farms, among others.
- Headquarter Milton, Canada
- Founders Marc Lafleur, Greg Quaile
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Sectors
RetailAgriculture
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Email
***********
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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
$100 K (USD)
in 1 rounds
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Latest Funding Round
$100 K (USD), Angel Round
Jun 01, 2017
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Investors
EMERGE Commerce
& 1 more
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Employee Count
Employee Count
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Acquired by
EMERGE Commerce
(Jan 04, 2021)
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Products & Services of truLOCAL
truLOCAL offers a comprehensive portfolio of products and services, including Curated Boxes, Corporate Gifts, and Individual Products. 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.
Monthly delivery of locally sourced meat and seafood options.
Custom meat and seafood packages for businesses.
Variety of meats like steaks and salmon for direct purchase.
Funding Insights of truLOCAL
truLOCAL has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $100 thousand completed in June 2017. 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 Angel Round — $100,000
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Angel Round - truLOCAL | 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 truLOCAL
truLOCAL has secured backing from 2 investors, including angel investors. Prominent investors backing the company include EMERGE Commerce and Michele Romanow. 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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MR
Michele Romanow |
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Founded Year | Domain | Location |
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Online platform acquiring e-commerce brands and businesses
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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 truLOCAL
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - truLOCAL
| 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 |
Trulocal Comparisons
Competitors of truLOCAL
truLOCAL 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 Meatme, FoodScrooge, Bessie Box, Macelleria Centro Storico and NIKU Farms, 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 |
Subscription-based meat products are retailed through an online platform.
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| domain | founded_year | HQ Location |
Online business-to-business marketplace platform for frozen food
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| domain | founded_year | HQ Location |
SaaS-based retailer of meat products
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| domain | founded_year | HQ Location |
An online platform specializing in meat delivery services for customers.
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| domain | founded_year | HQ Location |
Delivers pasture-raised meat and fish from local farms via subscription service.
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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 Trulocal
Frequently Asked Questions about truLOCAL
When was truLOCAL founded?
truLOCAL was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is truLOCAL located?
truLOCAL is headquartered in Milton, Canada. It is registered at Milton, Ontario, Canada.
Who is the current CEO of truLOCAL?
Marc Lafleur is the current CEO of truLOCAL. They have also founded this company.
Is truLOCAL a funded company?
truLOCAL is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Angel Round of $100K, raised on Jun 01, 2017.
What does truLOCAL do?
truLOCAL was established in 2016 as an online retailer specializing in meat products. Operations are centered in Milton, Canada, with a focus on subscription-based delivery services. Fresh meats are sourced and shipped directly to customers across the country. The company is led by co-founders Marc Lafleur as CEO and Greg Quaile as VP, emphasizing efficient e-commerce in the food sector.
Who are the top competitors of truLOCAL?
truLOCAL's top competitors include Meatme, FoodScrooge and Bessie Box.
What products or services does truLOCAL offer?
truLOCAL offers Curated Boxes, Corporate Gifts, and Individual Products.
Who are truLOCAL's investors?
truLOCAL has 2 investors. Key investors include EMERGE Commerce, and Michele Romanow.