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
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website trumarx.com
- Social LinkedIn X
- Legal Name Trumarx Data Partners Inc
- Total Equity Funding$16.19M (USD)
in 7 rounds
- Latest Funding Round$7.22M (USD), Series B
Oct 2018
- InvestorsHBS Alumni Angels Association
& 2 more
Products & Services of TruMarx
TruMarx offers a comprehensive portfolio of products and services, including COMET and CG HUB.
Marketplace for energy transactions as a service with certification features.
Centralized system for bids, offers, and emissions data in gas trading.
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 $16.19M
- Total Rounds 7
- Last Round Series B — $7.22M
- First Round $6.68M
(Jun 2010)
- Investors Count 3
All 7 funding rounds of TruMarx 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 |
|---|---|---|---|---|---|
| Oct 2018 | $7.22M | Series B | – | – | – |
| Jul 2014 | – | Debt – Convertible | – | – | |
| Dec 2013 | $1.25M | Series B | – | – | |
| Aug 2012 | $500,000 | Series B | – | – | – |
| Oct 2010 | – | Series B | – | – | |
| Sep 2010 | $550,102 | Series A | – | – | – |
| Jun 2010 | $6.68M | Series A | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | hbsclubchicago.org | - | |
Private equity investment firm | – | vernonpark.com | Chicago, United States | |
- | – | hbsalumniangels.com | - |
Investor details for TruMarx
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 TruMarx
22 people are tracked at TruMarx (7 in leadership, 14 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Michael Mackey | Founder & COO | Leadership |
Chuck Reese | Founder & VP, Systems Development | Leadership |
Jon B. Olson | Founder & CEO | Leadership |
James Rozich | Director of Business Development, US | Leadership |
Lisa Kleeman | Director, Marketing | Leadership |
Charles Reese | VP Systems Development | Leadership |
Glenn Smart | Founder & VP, Operations and Consulting Services | Leadership |
Phil Flynn | Advisory Committee Member | Board & advisors |
Rob Eckardt | Advisory Committee Member | Board & advisors |
Shasha Fesharaki | Advisory Committee Member | Board & advisors |
Sam Farooki | Advisory Committee Member | Board & advisors |
Janine McArdle | Advisory Committee Member | Board & advisors |
David Thomas | Advisory Committee Member | Board & advisors |
WK Chan | Advisory Committee Member | Board & advisors |
Matthew Arnold | Advisory Committee Member | Board & advisors |
James Duncan | Advisory Committee Member | Board & advisors |
Craig Pirrong | Advisory Committee Member | Board & advisors |
Ted Murphy | Advisory Committee Member | Board & advisors |
Tom Lord | Advisor | Board & advisors |
Brett Perlman | Advisor | Board & advisors |
2 more people are available in the full profile.
Complete people profiles for TruMarx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of TruMarx
3 dated milestones of TruMarx across 9 years, from founding to its latest funding, stage changes and deals.
- Founded TruMarx is founded.
- Funding First funding round of $6.7M.
- Funding Latest funding round, Series B, of $7.2M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shipserv.com | 1999 | London, United Kingdom | $8.25M | 112 | Online marketplace for oil and gas equipment | |
| networkintl.com | 1999 | Bourbon, United States | $47.5M | 627 | An internet marketplace for petroleum equipment and services is operated. | |
| 51zhaoyou.com | 2015 | Shanghai, China | $193.6M | – | Trading platform for petroleum and oil products to facilitate market transactions. | |
| energyxchain.com | 1990 | Charlotte, United States | – | – | Blockchain transaction solutions are provided for the gas industry. | |
| jhnyh.com | 2018 | Shenzhen, China | $16.89M | – | Offers a versatile platform for the oilfield marketplace. | |
| dockstr.com | 2017 | Stockholm, Sweden | – | 1 | Online marketplace for the marine and offshore industries | |
| exchangebase.com | 2009 | Rocky River, United States | $500,000 | 37 | Energy assets are traded via an online marketplace platform. | |
| oceanconnectmarine.com | 2000 | White Plains, United States | – | – | A platform for the oil marketplace is provided. | |
| theofmp.com | 2018 | Houston, United States | – | 16,378 | The Oilfield Marketplace is an online platform for oilfield products and services. |
Detailed competitors of TruMarx
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.
Latest news on Trumarx
Complete news archive for TruMarx
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to TruMarx
10 companies that operate in the same segment as TruMarx (Oil & Gas Technology Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 5.44 B | – | 242 | |
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | – | – | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Norway | USD 225 M | – | 1 | |
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
Cloud-based platform for oilfield management in energy sector. | 1998 | Houston, Texas, United States | USD 1.67 M | – | 305 | |
Cloud-based platform for operational simulation and predictive analytics is offered. | 2010 | Lausanne, Vaud, Switzerland | USD 28.7 M | – | – | |
Methane and VOC emissions are monitored via industrial IoT platforms. | 2015 | Cambridge, Massachusetts, United States | USD 34.71 M | – | – | |
Contractors and suppliers are managed via an online platform. | 2001 | Dallas, Texas, United States | – | – | – |
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Frequently Asked Questions about TruMarx
TruMarx was founded in 2009 and raised its 1st funding round 1 year after it was founded.
TruMarx is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
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 A of $6.68M, raised on Jun 2010.
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.
TruMarx's top competitors include ShipServ, Network International and ExchangeBase.
TruMarx offers COMET and CG HUB.
TruMarx has 3 investors. Key investors include HBS Alumni Angels Association, Harvard Business School Club of Chicago, and Vernon & Park Capital.
TruMarx operates through Trumarx Data Partners Inc.