Truepill - About the company
Truepill is an acquired company based in Hayward (United States), founded in 2016 by Sid Viswanathan and Umar Afridi. It operates as a Provider of API connected healthcare app for ordering and delivering medicines. Truepill has raised $322M in funding from investors like FundersClub, Initialized Capital and TI Platform Management, with last known valuation of $1.6B. The company has 735 active competitors, including 67 funded and 33 that have exited. Its top competitors include companies like Teladoc Health, VSee and MediQuo.
Sectors and market segments that Truepill operate in
Truepill serves in the HealthTech market segments.The primary business model of Truepill is:Company Details
Provider of API-connected healthcare app for ordering and delivering medicines. The app enables users to search, select, and order medicines. The prescriptions are received through mail and the medicines are delivered to the user's address. The prescriptions can be saved in history and reordered for later use. Also, patients can choose the doctors for teleconsultation using the platform for diagnosis.
- Website
- truepill.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2016
Location
Hayward, United States
Stage
Acquired
Total Funding
$322M in 6 rounds
Latest Funding Round
Last Known Valuation
$1.6B as on Oct 27, 2021
Investors
Ranked
8th among 735 active competitors
Employee Count
328 as on Jun 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by LetsGetChecked (Oct 01, 2024)
Legal entities associated with Truepill
Truepill is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TRUEPILL, INC. CIN: 32086876573 , United States, Deadpooled | Oct 24, 2022 | - | - | - |
Postmeds, Inc CIN: 5751427 , United States, Active | May 19, 2015 | - | 206 (As on Dec 31, 2020) | - |
Truepill, Inc. CIN: 84-3676147 , United States, Active | Nov 05, 2019 | - | 206 (As on Dec 31, 2020) | - |
Truepill's acquisition details
Truepill got acquired by LetsGetChecked on Oct 01, 2024.
Click here to take a look at Truepill's acquisition in detail
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Truepill's funding and investors
Truepill has raised a total funding of $322M over 6 rounds. Its first funding round was on 2017. Its latest funding round was a Series D round on Aug 30, 2023 for $66.2M. 2 investors participated in its latest round. Truepill has 20 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Truepill:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 30, 2023 | $66.2M | Series D | - | - | - | |
Oct 28, 2021 | $142M | Series D | $1.6B | - | ||
Sep 09, 2020 | $75.5M | Series C | - | - | - |
View details of Truepill's funding rounds and investors
Truepill's founders and board of directors
Founder? Claim ProfileThe founders of Truepill are Sid Viswanathan and Umar Afridi.
Here are the details of Truepill's key team members:
- Sid Viswanathan: Former Co-Founder of Truepill and founder of 1 other company.
- Umar Afridi: Former Co-Founder of Truepill.
- Peter Foley: Founder & CEO of Truepill.
View details of Truepill's Founder profiles and Board Members
Truepill's employee count trend
Truepill has 328 employees as of Jun 26. Here is Truepill's employee count trend over the years:
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Truepill's Competitors and alternates
Top competitors of Truepill include Teladoc Health, VSee and MediQuo. Here is the list of Top 10 competitors of Truepill, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Teladoc Health 2002, Purchase (United States), Public | Provider of telehealth and telemedicine services | $104M | 70/100 | |
2nd | VSee 2008, San Jose (United States), Acquired | Provider of HIPAA-compliant telehealth platform offering virtual care and remote monitoring | $3.02M | 70/100 | |
3rd | Telemedicine platform that connects health professionals with their patients | $14.5M | 69/100 | ||
4th | Summus Global 2015, New York City (United States), Series C | Online platform providing telehealth solution for doctors and patients | $91.3M | 68/100 | |
5th | LifeMD 1994, Boynton Beach (United States), Public | Telehealth platform providing accessible, affordable, and personalized healthcare services online | - | 61/100 | |
6th | Eucalyptus 2018, Sydney (Australia), Acquired | Platform offering patient centered healthcare solutions | $67.3M | 61/100 | |
7th | eVisit 2013, Gilbert (United States), Series B | Provider of a SaaS based telehealth platform for healthcare providers | $75M | 60/100 | |
8th | Truepill 2016, Hayward (United States), Acquired | Provider of API connected healthcare app for ordering and delivering medicines | $322M | 58/100 | |
9th | DocGo 2015, New York City (United States), Public | Provider of teleconsultation platform for the providers | - | 57/100 | |
10th | OFFOR Health 2018, Dublin (United States), Acquired | Provider of telehealth solution connecting patients with healthcare professionals | $15M | 53/100 |
Looking for more details on Truepill's competitors? Click here to see the top ones
Truepill's Investments and acquisitions
Truepill has a total of 1 investment in Ahead. Truepill has not made any acquisitions as of now.Reports related to Truepill
Here is the latest report on Truepill's sector:
News related to Truepill
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Invitae Announces Appointment of Finance Veteran Ana Schrank as CFOTullahoma News•Sep 26, 2023•Invitae, Truepill
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Mark Cuban's drug company partners with 2 mail-order pharmaciesBecker's Hospital Review•Jun 06, 2023•CJ Logistics, Truepill, HealthDyne
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Phlo acquires Truepill Uk to boost its digital pharmacy servicesTech Funding News•Apr 04, 2023•Phlo, Truepill, Truepill
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DEA alleges startup Truepill illegally dispensed Adderall, prescription stimulantsFierce Healthcare•Dec 20, 2022•Truepill
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Truepill, a digital health unicorn, conducts fourth round of layoffs in 2022TechCrunch+•Sep 30, 2022•Truepill
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Signeasy adds Powerful Capabilities to its eSignature API Along with a Self-serve Developer PlatformAiThority•Sep 29, 2022•SignEasy, ZenEquity, Nomisma, Truepill and 1 other
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Digital health unicorn Truepill conducts third round of layoffs in 2022TechCrunch+•Aug 12, 2022•Truepill
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