• FOUNDING YEAR: 2015
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Truebill app - Online subscriptions management platform for users. It helps users to find and cancel unwanted, forgotten subscriptions automatically.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Customers
COMMENT
Truebill makes it easier to cancel subscriptions like gym memberships by doing automate process. Gyms require sending letters, which TrueBill can do automatically. Truebill has seen approximately 12,000 people use its service, and 60% of them have cancelled at least one subscription. The average user that does so saves an average of $512 a year.

PEOPLE

FOUNDERS:
Yahya Mokhtarzada, Idris Mokhtarzada
Board Members and Advisors:
Haroon Mokhtarzada, Zeki Mokhtarzada
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Cota Capital, Social Capital, dayoneventures.co, Sherpa Capital, Transmedia Capital, Signatures Capital, Y Combinator, ACE and Company, The GreenFunding Capital, Lucas Venture Group, Great Oaks Venture Capital, David Marcus, Jawed Karim, Neil Blumenthal, Dave Gilboa, Marc Katz, Troy Carter, Hiten Shah, David Marcus, Hiten Shah, Bobby Yazdani

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$6.75 Millions
DATE OF LAST FUNDING:
Oct 2018
SEED & PRIOR FUNDING:
$1.75 Millions
SEED CLOSED ON:
Jun 2016
FUNDING SERIES:
SERIES A
$5 Millions Closed: Oct 2018
LISTED:
NO
COMMENT:
As per the source, total fund raised by company is $7.75 M but the overall total is $ 6.75 M(Oct. 2018)

LATEST RESEARCH