# Truepill funding: rounds and investors

> Truepill has raised $155M across 2 rounds since 2019. Investors include Y Combinator, Initialized Capital and Index Ventures. Every round with its source.

Source: https://millionrounds.com/company/truepill (Millionrounds; every figure on the page links to its filing or article)

United States · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Truepill*

2 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare

Valuation: $2.0B, Apr 2022 Y Combinator: S17

Funding summary Updated 26 Oct 2026

**$155M** raised across 2 rounds since 2019, from 2 sources

**$13M** Series A **$142M** Series D

- **Latest round:** Series D, $142M Oct 2021
- **Step-up i:** 10.6×
- **Investors:** 8 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021

**$13M** Series A

**$142M** Series D

- **First round:** Series A, $13M
- **Biggest round:** $142M
- **Between rounds:** 2.6 years

## The rounds

- **Oct 2021** Series D **$142M** *4 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Index Ventures](https://millionrounds.com/fund/index-ventures) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) Source recorded SEC filing: $142M sold, first sale Oct 2021
- **Mar 2019** Series A **$13M** *4 new* [Initialized Capital](https://millionrounds.com/fund/initialized-capital) Lead [Y Combinator](https://millionrounds.com/fund/y-combinator) [Tuesday Capital](https://millionrounds.com/fund/tuesday-capital) Sound Reported by FinSMEs

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Daniel Simkin** Executive Officer i
- **Paul Greenall** Executive Officer, Director i

On the board, as filed i *Annie Lamont* *Larry Renfro*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Series D** 2021 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Initialized Capital](https://millionrounds.com/fund/initialized-capital) L [Index Ventures](https://millionrounds.com/fund/index-ventures) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) [Tuesday Capital](https://millionrounds.com/fund/tuesday-capital) Sound

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[Initialized Capital](https://millionrounds.com/fund/initialized-capital) VC firm **1** round, led 1

[Index Ventures](https://millionrounds.com/fund/index-ventures) VC firm **1** round

[BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **1** round

[Quiet Capital](https://millionrounds.com/fund/quiet-capital) VC firm **1** round

[Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) VC firm **1** round

[Tuesday Capital](https://millionrounds.com/fund/tuesday-capital) Asset manager **1** round

Sound no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=truepill).

## Also claim to have backed them

These 5 firms list Truepill as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Denis Grosz](https://millionrounds.com/fund/denis-grosz) Angel Per its own site

[Amity Ventures](https://millionrounds.com/fund/amity-ventures) VC firm Per its own site

[Eudaimonia Capital](https://millionrounds.com/fund/eudaimonia-capital) Angel network Per its own site

[Rabil Ventures](https://millionrounds.com/fund/rabil-ventures) VC firm Per its own site

[Tuesday Capital](https://millionrounds.com/fund/crunchfund) VC firm Per its own site

## Quick answers about Truepill

### Who invested in Truepill?

Truepill's investors include Y Combinator, Initialized Capital, Index Ventures, BoxGroup and Quiet Capital, and 3 more on record.

### How much has Truepill raised?

Truepill has raised $155M across 2 rounds since 2019.

### When did Truepill last raise?

Truepill's most recent round was a Series D of $142M in Oct 2021.

### What was Truepill's biggest round?

Its most recent round, $142M in Oct 2021, is also its largest on record.

### Who backed Truepill first?

Truepill's first round on record, in Mar 2019, was backed by Initialized Capital, Y Combinator and Tuesday Capital and 1 others.

### What stage is Truepill at?

Truepill's latest named round is a Series D, in Oct 2021.

### Where is Truepill based?

Truepill is based in the United States.

### Who led Truepill's rounds?

Initialized Capital led the Series A in 2019.

## Companies like Truepill

In the same sector, and raised in the last eighteen months.

[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)

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