What is TrustRadius?
Founded in 2012 and headquartered in Texas, TrustRadius operates as a dedicated review site for business technology. Its core focus areas encompass HR management software, cloud storage solutions, marketing software, and content management systems. By aggregating user-generated reviews and expert analysis, TrustRadius empowers businesses to make informed decisions when selecting technology solutions, thereby establishing itself as a key player in the B2B software evaluation landscape.
How much funding has TrustRadius raised?
TrustRadius has raised a total of $20.1M across 3 funding rounds:
Series A
$2.1M
Series B
$5.5M
Series C
$12.5M
Series A (2016): $2.1M with participation from Mayfield
Series B (2017): $5.5M led by LiveOak Venture Partners and Mayfield
Series C (2019): $12.5M supported by Next Coast Ventures, Mayfield Fund, and LiveOak Venture Partners
Key Investors in TrustRadius
LiveOak Venture Partners
LiveOak Venture Partners is a venture capital firm that invests early in exceptional Texas-based founders, focusing on tech and tech-enabled service companies. They partner with ambitious entrepreneurs from Pre-seed to Series B, actively engaging throughout the business lifecycle to help build enduring companies in Texas.
Mayfield
Mayfield is a Menlo Park-based venture capital firm that raises dedicated funds to invest in early-stage technology companies, primarily at seed and Series A, backing enterprise, consumer, and infrastructure founders and partnering with them through growth and exit.
Next Coast Ventures
Next Coast Ventures is an Austin-based venture capital firm that partners with bold entrepreneurs building innovative companies in big markets. It provides early-stage capital to high-growth startups in 'Next Coast' markets, using macro trends and themes to guide its investment strategy.
What's next for TrustRadius?
The recent major strategic investment in TrustRadius signals a phase of accelerated growth and market expansion. This capital infusion is likely to fuel further development of its review platform, enhance its data analytics capabilities, and broaden its coverage of enterprise software categories. With a clear focus on providing unbiased, in-depth reviews, TrustRadius is well-positioned to capitalize on the increasing demand for transparent technology procurement processes, solidifying its leadership in the competitive review site sector.
See full TrustRadius company page
