Total amount raised
Latest funding date
Location
TrueAccord has established itself as a leader in the debt collection industry by leveraging a digital-first approach powered by machine learning. The platform offers a consumer-friendly experience, ensuring efficient and personalized debt recovery.
Keep reading to explore the intricacies of TrueAccord's fundraising journey and the investors backing this innovative platform.
What Is TrueAccord?
TrueAccord is a full-service digital-first debt collection agency that leverages machine learning and a consumer-friendly digital experience to optimize debt recovery processes. The company operates in the debt recovery and collections industry.
TrueAccord's platform, known as HeartBeat, offers best-in-class results, scalability, and end-to-end personalization. The company provides third-party collection services aimed at improving relationships and achieving faster recoveries.
Although specific details about the founding year, founder names, and employee count are not available, TrueAccord is recognized for its higher liquidation rates compared to traditional agencies and is trusted by market leaders.
How Much Funding Has TrueAccord Raised?
- Seed Round
- Amount Raised: $2.5 million
- Date: March 2014
- Lead Investors: Khosla Ventures
- Series A
- Amount Raised: $15 million
- Date: October 2015
- Lead Investors: Nyca Partners
- Series B
- Amount Raised: $22 million
- Date: March 2018
- Lead Investors: Arbor Ventures
- Series C
- Amount Raised: $51 million
- Date: October 2020
- Lead Investors: Arbor Ventures
In total, TrueAccord has raised $90.5 million.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, co-founder of Sun Microsystems. The firm is known for its focus on impactful technology and sustainability investments.
- Investment Focus Areas: Technology, healthcare, sustainability, financial services, consumer products
- Notable Investments: Square, DoorDash, Impossible Foods
- Nyca Partners
- Details: Nyca Partners is a venture capital and advisory firm focused on financial technology. The firm was founded by Hans Morris, former President of Visa.
- Investment Focus Areas: Fintech, payments, blockchain, lending, insurance
- Notable Investments: Affirm, Acorns, Revolut
- Arbor Ventures
- Details: Arbor Ventures is a global venture capital firm specializing in fintech and digital commerce. The firm aims to shape the future of financial services through strategic investments.
- Investment Focus Areas: Fintech, digital commerce, artificial intelligence, big data, cybersecurity
- Notable Investments: Paidy, Forter, InCountry
- Notion Capital
- Details: Notion Capital is a venture capital firm that invests in enterprise tech and SaaS companies. The firm was founded by Jos White and Ben White, who previously founded MessageLabs.
- Investment Focus Areas: SaaS, enterprise software, cloud computing, cybersecurity, fintech
- Notable Investments: Tradeshift, GoCardless, Currencycloud
- Northzone
- Details: Northzone is a venture capital firm that invests in early-stage and growth-stage technology companies. The firm has a strong presence in Europe and the United States.
- Investment Focus Areas: Fintech, consumer internet, enterprise software, healthcare, media
- Notable Investments: Spotify, Klarna, Trustpilot
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