About TruMarx
TruMarx is a company based in Chicago (United States) founded in 2009.. TruMarx has raised $16.19 million across 7 funding rounds from investors including HBS Alumni Angels Association, Harvard Business School Club of Chicago and Vernon & Park Capital. TruMarx offers products and services including COMET and CG HUB. TruMarx operates in a competitive market with competitors including ShipServ, Network International, 51Zhaoyou, EnergyXchain and Shenzhen Jinhang Energy Technology, among others.
- Headquarter Chicago, United States
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Sectors
Energy & Utilities
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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 Trumarx Data Partners 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
$16.19 M (USD)
in 7 rounds
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Latest Funding Round
$7.22 M (USD), Series B
Oct 25, 2018
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Investors
HBS Alumni Angels Association
& 2 more
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Employee Count
Employee Count
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Products & Services of TruMarx
TruMarx offers a comprehensive portfolio of products and services, including COMET and CG HUB. 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.
Marketplace for energy transactions as a service with certification features.
Centralized system for bids, offers, and emissions data in gas trading.
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Funding Insights of TruMarx
TruMarx has successfully raised a total of $16.19M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $7.22 million completed in October 2018. 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 7
- Last Round Series B — $7.2M
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First Round
First Round
(24 Jun 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2018 | Amount | Series B - TruMarx | Valuation |
investors |
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| Jul, 2014 | Amount | Debt – Convertible - TruMarx | Valuation |
investors |
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| Dec, 2013 | Amount | Series B - TruMarx | 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 TruMarx
TruMarx has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include HBS Alumni Angels Association, Harvard Business School Club of Chicago and Vernon & Park Capital. 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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Private equity investment firm
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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 TruMarx
| 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 - TruMarx
| 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 |
Trumarx Comparisons
Competitors of TruMarx
TruMarx 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 ShipServ, Network International, 51Zhaoyou, EnergyXchain and Shenzhen Jinhang Energy Technology, 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 |
Online marketplace for oil and gas equipment
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An internet marketplace for petroleum equipment and services is operated.
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Trading platform for petroleum and oil products to facilitate market transactions.
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Blockchain transaction solutions are provided for the gas industry.
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Offers a versatile platform for the oilfield marketplace.
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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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On-demand services are booked through an app-based platform.
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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 Trumarx
Frequently Asked Questions about TruMarx
When was TruMarx founded?
TruMarx was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is TruMarx located?
TruMarx is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is TruMarx a funded company?
TruMarx is a funded company, having raised a total of $16.19M across 7 funding rounds to date. The company's 1st funding round was a Series B of $1.25M, raised on Jun 24, 2010.
What does TruMarx do?
TruMarx was founded in 2009 in Chicago, United States, as a cloud-based platform focused on energy products. Bilateral over-the-counter transactions are facilitated between buyers and sellers. Operations include price discovery, documentation automation, transaction streamlining, negotiation support, and the execution or withdrawal of proposed deals. The platform serves the energy sector by enabling efficient online exchanges.
Who are the top competitors of TruMarx?
TruMarx's top competitors include ShipServ, Network International and ExchangeBase.
What products or services does TruMarx offer?
TruMarx offers COMET and CG HUB.
Who are TruMarx's investors?
TruMarx has 3 investors. Key investors include HBS Alumni Angels Association, Harvard Business School Club of Chicago, and Vernon & Park Capital.