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.
Platform for comparing and applying for mortgages online.
Online tool to estimate mortgage affordability and costs.
Service for reviewing and selecting mortgage-related insurance.
People of Trussle
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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 |
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.
| 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 |
Investments & Acquisitions by Trussle
Financial Statements - Trussle
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.
| 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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Frequently Asked Questions about Trussle
Trussle was founded in 2015.
Trussle is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
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.
As of Dec 31, 2020, the latest employee count at Trussle is 145.
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.
Trussle's top competitors include Landbay, Generation Home and Mojo Mortgages.
Trussle offers Mortgage Brokering Service, Mortgage Calculator, and Insurance Options.
Trussle has 25 investors. Key investors include Goldman Sachs, Better Mortgage, BBVA, Seedcamp, and Zoopla Property Group.
The valuation of Trussle is $887.12K as of Aug 2015.