About Trussle
Trussle is a company based in London (United Kingdom) founded in 2015 by Jonathan Galore was acquired by Better Mortgage in July 2021.. Trussle has raised $35.63 million across 6 funding rounds from investors including Goldman Sachs, Better Mortgage and BBVA. The company has 145 employees as of December 31, 2020. Trussle offers products and services including Mortgage Brokering Service, Mortgage Calculator, and Insurance Options. Trussle operates in a competitive market with competitors including Landbay, Tembo Money, Generation Home, Mojo Mortgages and Kensington Mortgages, among others.
- Headquarter London, United Kingdom
- Employees 145 as on 31 Dec, 2020
- Founders Jonathan Galore
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trussle Lab Ltd
- Date of Incorporation 26 Feb, 2015
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.63 M (USD)
in 6 rounds
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Latest Funding Round
$9.75 M (USD), Series C
Jan 20, 2020
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Investors
Goldman Sachs
& 24 more
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Employee Count
145
as on Dec 31, 2020
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Acquired by
Better Mortgage
(Jul 12, 2021)
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Products & Services of Trussle
Trussle offers a comprehensive portfolio of products and services, including Mortgage Brokering Service, Mortgage Calculator, and Insurance Options. 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.
Platform for comparing and applying for mortgages online.
Online tool to estimate mortgage affordability and costs.
Service for reviewing and selecting mortgage-related insurance.
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Software Development Team
58 people
Operations Team
15 people
Legal and Compliance
14 people
Finance and Accounting
13 people
Leadership Team
13 people
Senior Team
12 people
Human Resources and Administration
10 people
Sales and Marketing
6 people
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Funding Insights of Trussle
Trussle has successfully raised a total of $35.63M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $9.75 million completed in January 2020. 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 6
- Last Round Series C — $9.7M
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First Round
First Round
(18 Mar 2015)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series C - Trussle | Valuation | Rabo Frontier Ventures | |
| May, 2018 | Amount | Series B - Trussle | Valuation | Goldman Sachs , BBVA | |
| Jan, 2017 | Amount | Series A - Trussle | Valuation | Finch Capital , Orange Growth Capital |
| 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 Trussle
Trussle has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Goldman Sachs, Better Mortgage and BBVA. 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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VC firm focused on fintech & agtech startups
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Early-stage tech and offline focused VC firm investing in geographies such as Europe and South East Asia
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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 Trussle
| 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 - Trussle
| 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 |
Trussle Comparisons
Competitors of Trussle
Trussle 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 Landbay, Tembo Money, Generation Home, Mojo Mortgages and Kensington Mortgages, 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 |
Residential mortgage loans are offered via a P2P lending platform.
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| domain | founded_year | HQ Location |
Residential mortgage loans are facilitated through an online marketplace.
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| domain | founded_year | HQ Location |
Mortgage loans are provided by Generation Home in the UK.
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| domain | founded_year | HQ Location |
Residential mortgage loans are matched via an online marketplace platform.
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| domain | founded_year | HQ Location |
Residential mortgage loans are facilitated via an online platform.
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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 Trussle
Frequently Asked Questions about Trussle
When was Trussle founded?
Trussle was founded in 2015.
Where is Trussle located?
Trussle is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Trussle a funded company?
Trussle is a funded company, having raised a total of $35.63M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5.64M, raised on Mar 18, 2015.
How many employees does Trussle have?
As of Dec 31, 2020, the latest employee count at Trussle is 145.
What does Trussle do?
Founded in 2015 in London, United Kingdom, Trussle operates as an authorized mortgage advisory firm within the financial services sector. Online applications for mortgages are processed, followed by market searches to identify suitable offers. Assistance is provided in completing loan applications once an offer is accepted. The service is offered free to users, targeting first-time buyers and existing homeowners.
Who are the top competitors of Trussle?
Trussle's top competitors include Landbay, Generation Home and Mojo Mortgages.
What products or services does Trussle offer?
Trussle offers Mortgage Brokering Service, Mortgage Calculator, and Insurance Options.
Who are Trussle's investors?
Trussle has 25 investors. Key investors include Goldman Sachs, Better Mortgage, BBVA, Seedcamp, and Zoopla Property Group.
What is Trussle's valuation?
The valuation of Trussle is $887.12K as of Aug 2015.
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