Truth
About Truth
Truth is a company based in San Francisco (United States) founded in 2013 was acquired by Global Cannabis Applications Corporation in April 2015.. Truth operates in a competitive market with competitors including Connected2.me, HearMe, Reveal Chat, XMessage and Srahha, among others.
- Headquarter San Francisco, United States
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Sectors
Telecommunications
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Global Cannabis Applications Corporation
(Apr 13, 2015)
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Funding Insights of Truth
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2014 | Amount | Seed - Truth | 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 Truth
Truth has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Global Cannabis Applications Corporation and FounderFuel. 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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FounderFuel is recognized as a leading startup accelerator in Canada.
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Founded Year | Domain | Location | |
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Data source provider for medical cannabis community
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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 Truth
| 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
| 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 Comparisons
Competitors of Truth
Truth 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 Connected2.me, HearMe, Reveal Chat, XMessage and Srahha, 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 |
Anonymous mobile chats with friends and new people are enabled.
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Anonymous mobile chats with listeners are enabled for users.
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| domain | founded_year | HQ Location |
Anonymous chat connections are enabled instantly for users.
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| domain | founded_year | HQ Location |
App for sending anonymous text messages, pranks, and confessions to users.
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| domain | founded_year | HQ Location |
Functions as an anonymous messaging platform for users.
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| domain | founded_year | HQ Location |
App for sending and receiving anonymous honest feedback from peers.
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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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| 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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Frequently Asked Questions about Truth
When was Truth founded?
Truth was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Truth located?
Truth is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
What does Truth do?
Truth was founded in 2013 in San Francisco, United States, as a technology company focused on anonymous peer-to-peer messaging. Messages are sent by users to recipients in their address books without revealing sender identities. Delivery occurs through the app if the recipient is a user, or via text message otherwise. The service operates under the domain usetruth.com, serving mobile users in the communications sector.
Who are the top competitors of Truth?
Truth's top competitors include HearMe, Connected2.me and Reveal Chat.
Who are Truth's investors?
Truth has 2 investors. Key investors include Global Cannabis Applications Corporation, and FounderFuel.