When was Truemed founded?

Truemed was founded in 2001 and raised its 1st funding round 24 years after it was founded.

Where is Truemed located?

Truemed is headquartered in Austin, United States. It is registered at South San Francisco, California.

Who is the current CEO of Truemed?

Justin Mares of Truemed. They have also founded 2 companies.

How many employees does Truemed have?

As of Jun 30, 2026, the latest employee count at Truemed is 116.

Is Truemed a funded company?

Truemed is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Feb 18, 2025.

When was the latest funding round of Truemed?

Truemed's latest funding was a $***** Series A round on Feb 18, 2025, with participation from 5 investors. Its primary sector is Fitness & Wellness Tech. In United States, the Fitness & Wellness Tech sector has seen $950M in funding in 2026 to date.

Where does Truemed rank among its competitors?

Truemed ranks 1st amongst 79 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Psithera, which secured $47.5M in Dec, 2025.

Who are the top competitors of Truemed?

Truemed's top competitors include Bodybuilding.com, Mueller Sports Medicine and Zebra Athletics. Among them, Psithera secured the most recent funding round in December, 2025.

Truemed - 2026 Company Profile, Team, Funding & Competitors

Truemed is a series A company based in Austin (United States), founded in 2001 by Justin Mares and Calley Means. It operates as a Healthcare payment provider for the purchase of fitness products. Truemed has raised $34M in funding from Andreessen Horowitz. The company has 79 active competitors, including 2 funded and 5 that have exited. Its top competitors include companies like Bodybuilding.com, Mueller Sports Medicine and Zebra Athletics.

Company Details

Healthcare payment provider for the purchase of fitness products. It empowers individuals to make the most of their tax-free HSA and FSA accounts, and enables significant savings on leading health and wellness products and services.

Website: www.truemed.com/
Social
Email ID: *****@truemed.com
Registered Address: South San Francisco, California

Key Metrics

Founded Year

2001

Location

Austin, United States

Stage

Series A

Total Funding

$34M in 1 round

Latest Funding Round

Series A, Feb 18, 2025, $*****

Investors

Andreessen Horowitz & 4 more

Ranked

1^st among 79 active competitors

Employee Count

116 as on Jun 30, 2026

Similar Companies

Bodybuilding.com & 603 more

View Truemed's full profile

Truemed is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TRUEMED INC CIN: 274206889 , United States, Active	Dec 31, 1999	-	98 (As on Dec 31, 2023)	-

Truemed has raised a total funding of $34M over 1 round. Its latest funding round was a Series A round on Feb 18, 2025 for $*****. 5 investors participated in its latest round. Truemed has 5 institutional investors.

Here is the list of recent funding rounds of Truemed:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 18, 2025	6190150	Series A	5215785	5568662	3100115	8586077

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View details of Truemed's funding rounds and investors

The founders of Truemed are Justin Mares and Calley Means. Justin Mares is the CEO of Truemed.

Here are the details of Truemed's key team members:

Justin Mares: Co-Founder & CEO of Truemed and founder of 1 other company.
Contact Info: 1 email address
Calley Means: Co-Founder of Truemed.

View details of Truemed's Founder profiles and Board Members

Truemed's employee count trend

Truemed has 116 employees as of Jun 26. Here is Truemed's employee count trend over the years:

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Top competitors of Truemed include Bodybuilding.com, Mueller Sports Medicine and Zebra Athletics. Here is the list of Top 10 competitors of Truemed, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Truemed 2001, Austin (United States), Series A	Healthcare payment provider for the purchase of fitness products	$34M	BoxGroup, Long Journey Ventures & 3 others	61/100
2nd	Bodybuilding.com 1999, Boise (United States), Acquired	Online retailer for supplements, vitamins, workout accessories, articles, and community	-	NewStar Financial, Continental Investors & 1 others	53/100
3rd	Mueller Sports Medicine 1959, Prairie Du Sac (United States), Unfunded	Manufacturer of sports medicine products including braces, supports, and tapes. The company designs, manufactures, and distributes a wide variety of products for athletes of all levels. Product lines encompass various body parts and sports, offering solutions for injury prevention and recovery. These products are used by athletes, healthcare professionals, and athletic trainers. The company also provides athletic training kits and recovery devices.	-	-	44/100
4th	Zebra Athletics 1997, Osseo (United States), Unfunded	Manufacturer of multi-sports equipment	-	-	41/100
5th	Orthopedic Physical Therapy Products 1995, Minneapolis (United States), Acquired	Online shop for buying therapy and fitness products	-	-	39/100
6th	Psithera 2022, Watertown (United States), Series A	Online retailer of plant-based products focused on health and wellness	$47.5M	Samsara BioCapital, Lightstone Ventures & 3 others	38/100
7th	Spring Discovery 2017, Palo Alto (United States), Early Stage	Online retailer of self-care products and wellness solutions for individuals	$22.3M	Refactor Capital	35/100
8th	ANCORE 2019, Salem (United States), Unfunded	Online platform for the purchase of fitness equipment and accessories	-	-	35/100
9th	truMedic 2013, Kings Park (United States), Unfunded	Manufacturer of massage and electrotherapy devices. The company designs and produces a variety of products for pain and stress relief, including neck and back massagers, massage chairs, massage guns, foot massagers, and TENS units. They also offer blood pressure monitors and related accessories. The products are sold directly to consumers through their online store. The company focuses on providing high-quality, innovative products with a commitment to customer service.	-	-	34/100
10th	Aqar 2007, San Diego (United States), Unfunded	Online shop for the purchase of fitness equipment and supplements	-	-	33/100