What is TrustRadius?
Founded in 2012, TrustRadius operates as a critical review site for business technology, with a particular focus on software solutions within HR management, cloud storage, marketing, and content management systems. The platform provides in-depth, unbiased reviews and ratings, enabling businesses to make informed purchasing decisions. This focus on detailed, user-generated content positions TrustRadius as a trusted authority in the B2B software evaluation space, differentiating it from broader consumer review sites.
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 Mayfield and LiveOak Venture Partners
Series C (2019): $12.5M supported by Next Coast Ventures, Mayfield Fund, and LiveOak Venture Partners
Key Investors in TrustRadius
Mayfield
Mayfield is a venture capital firm specializing in early-stage technology companies, primarily at seed and Series A rounds. They partner with founders across enterprise, consumer, and infrastructure sectors, supporting them through growth and exit phases.
LiveOak Venture Partners
LiveOak Venture Partners focuses on early-stage, Texas-based founders in tech and tech-enabled services, providing capital from Pre-seed to Series B. They actively support companies throughout their lifecycle to build enduring businesses within Texas.
Next Coast Ventures
Next Coast Ventures is an Austin-based venture capital firm that invests in high-growth startups in 'Next Coast' markets, guided by macro trends. They provide early-stage capital and hands-on resources to support entrepreneurs.
What's next for TrustRadius?
The substantial enterprise-level funding and recent strategic investment indicate TrustRadius is poised for accelerated growth. This capital injection is likely to fuel product development, enhance its review aggregation capabilities, and expand its market reach. The company may also leverage this financing to deepen its focus on specific software categories or to explore strategic acquisitions that complement its existing offerings. Continued investment in its platform and user community will be crucial for maintaining its leadership position and driving future innovation in the business technology review sector.
See full TrustRadius company page
