About Truth Social
Truth Social is a company based in Palm Beach (United States) founded in 2021 by Donald Trump.. Truth Social has raised $1 billion across 1 funding round. Truth Social operates in a competitive market with competitors including Votizen, Brigade, GETTR, myBalbo and Fanitics, among others.
- Headquarter Palm Beach, United States
- Founders Donald Trump
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 B (USD)
in 1 rounds
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Latest Funding Round
$1 B (USD), Series D
Dec 05, 2021
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Investors
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Employee Count
Employee Count
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Funding Insights of Truth Social
Truth Social has successfully raised a total of $1B through 1 strategic funding round. The most recent funding activity was a Series D round of $1 billion completed in December 2021. 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 Series D — $1.0B
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First Round
First Round
(05 Dec 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series D - Truth Social | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Truth Social
| 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 - Truth Social
| 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 |
Truth Social Comparisons
Competitors of Truth Social
Truth Social 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 Votizen, Brigade, GETTR, myBalbo and Fanitics, 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.
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Multiple services are booked via an app-based platform.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Truth Social
Frequently Asked Questions about Truth Social
When was Truth Social founded?
Truth Social was founded in 2021.
Where is Truth Social located?
Truth Social is headquartered in Palm Beach, United States. It is registered at Palm Beach, Florida, United States.
Is Truth Social a funded company?
Truth Social is a funded company, having raised a total of $1B across 1 funding round to date. The company's 1st funding round was a Series D of $1B, raised on Dec 05, 2021.
What does Truth Social do?
Truth Social was founded in 2021 and is headquartered in Palm Beach, United States. The platform operates as a social media service focused on political discourse, where users interact on opinions and ideologies. Access is provided through an iOS app, enabling posting and engagement within a dedicated community. Operations emphasize user-driven content in the digital social sector.
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