About Truveris
Truveris is a company based in New York (United States) founded in 2009.. Truveris has raised $68.7 million across 7 funding rounds from investors including New Leaf Venture Partners, Canaan and McKesson Ventures. The company has 156 employees as of December 31, 2022. Truveris offers products and services including Truveris Marketplace and truGuard. Truveris operates in a competitive market with competitors including Express Scripts, Prescryptive Health, MedImpact Healthcare Systems, Waltz Health and RxBenefits, among others.
- Headquarter New York, United States
- Employees 156 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Truveris Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$68.7 M (USD)
in 7 rounds
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Latest Funding Round
$15 M (USD), Series E
May 14, 2024
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Investors
New Leaf Venture Partners
& 5 more
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Employee Count
156
as on Dec 31, 2022
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Products & Services of Truveris
Truveris offers a comprehensive portfolio of products and services, including Truveris Marketplace and truGuard. 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 accessing and selecting pharmacy benefit plans affordably.
Tool to monitor and manage pharmacy plan contracts effectively.
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Funding Insights of Truveris
Truveris has successfully raised a total of $68.7M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $15 million completed in May 2024. 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 7
- Last Round Series E — $15.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series E - Truveris | Valuation | New Leaf Venture Partners , Canaan |
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| Aug, 2017 | Amount | Series D - Truveris | Valuation | McKesson Ventures | |
| Mar, 2016 | Amount | Series C - Truveris | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Truveris
Truveris has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include New Leaf Venture Partners, Canaan and McKesson Ventures. 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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Stage-agnostic investments in US life sciences are managed.
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Investments are directed by McKesson Ventures toward early-stage healthcare startups.
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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 Truveris
| 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 - Truveris
| 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 |
Truveris Comparisons
Competitors of Truveris
Truveris 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 Express Scripts, Prescryptive Health, MedImpact Healthcare Systems, Waltz Health and RxBenefits, 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 |
Pharmacy benefit management services are delivered through SaaS platforms.
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| domain | founded_year | HQ Location |
A platform for pharmacy benefit management solutions is provided.
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| domain | founded_year | HQ Location |
Pharmacy benefit management solution for payers, providers and employers
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| domain | founded_year | HQ Location |
Prescription costs are managed via AI for payers and consumers.
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| domain | founded_year | HQ Location |
Services and consultancy for pharmacy benefit management are provided.
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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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Latest news on Truveris
Frequently Asked Questions about Truveris
When was Truveris founded?
Truveris was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Truveris located?
Truveris is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Truveris?
Garrett W. Fienberg is the current CEO of Truveris.
Is Truveris a funded company?
Truveris is a funded company, having raised a total of $68.7M across 7 funding rounds to date. The company's 1st funding round was a Series C of $2.47M, raised on Jun 01, 2010.
How many employees does Truveris have?
As of Dec 31, 2022, the latest employee count at Truveris is 156.
What does Truveris do?
HealthTech Analytics and Validation platform. A health information technology company delivering pharmacy data validation, analytics, and pricing solutions through a SaaS platform. Truveris products include TruGuard (claim validation), TruBid (online auction and RFP tool), and TruReport (prescription claim analytics). They also have a product called rxDash RxDash which is a pharmacy plan modeling, pricing, and reporting solution that helps to give everyone on the pharmaceutical continuum to see the impacts of pricing changes quickly and transparently. Truveris is backed by New Leaf Venture Partners, Tribeca Venture Partners, New Atlantic Ventures, and First Round Capital.
Who are the top competitors of Truveris?
Truveris's top competitors include Express Scripts, MedImpact Healthcare Systems and Waltz Health.
What products or services does Truveris offer?
Truveris offers Truveris Marketplace and truGuard.
Who are Truveris's investors?
Truveris has 6 investors. Key investors include New Leaf Venture Partners, Canaan, McKesson Ventures, Tribeca Venture Partners, and NAV.VC.
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