- Founded
- 2022
- Headquarters
- Austin, TX
- Employees
- 51-200
- Latest Round
- Series A
- Est. Valuation
- ~$200M
Investment Thesis
Truemed makes it simple for qualified individuals to use HSA and FSA funds for evidence-based lifestyle interventions. Integrates medical-necessity qualification directly into checkout flows, working with over 3,000 merchants including Peloton, Eight Sleep, and Nike Strength.
Achieved 3x YoY revenue growth for two consecutive years. Received Validation Institute certification for highest clinical rigor. Closed $34M Series A led by a16z.
90% of U.S. healthcare spending treats chronic disease after people are already sick, while $100B+ sits unused in HSA/FSA accounts that consumers can't easily spend on prevention.
A payments platform that lets consumers use tax-advantaged HSA/FSA funds on preventive health products from 3,000+ merchants via a telehealth-powered medical necessity qualification at checkout.
Congress is expanding HSA eligibility, the preventive health movement is mainstreaming, and clinical evidence now proves lifestyle interventions reverse the chronic diseases consuming 90% of healthcare dollars.
3,000+ merchants including Peloton, Eight Sleep, and Nike; 3x YoY revenue growth for two consecutive years; Validation Institute–certified for highest clinical rigor in the category.
Justin Mares (CEO, serial founder of Kettle and Fire and Perfect Keto) and Calley Means (co-founder, healthcare policy advocate and author of Good Energy) bridge preventive health and tax-free spending.