# TrueVault

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/truevault

- Industry: Healthcare IT
- Headquarters: Palo Alto, US
- Website: www.truevault.com
- Total disclosed funding: $6.2M
- Latest round: Seed (Aug 24, 2018)
- Investors on record: 6

## About

TrueVault, Inc. provides a privacy platform that helps businesses manage compliance with data privacy laws through automation and centralized request handling. They serve data-driven brands navigating complex regulatory environments.TrueVault, Inc. was founded in 2013 and is headquartered in Palo Alto, US. The company focuses on providing solutions for privacy compliance. Jason Wang is both the Founder and CEO of TrueVault, who leads the company in its operations. TrueVault raised USD 3.72 mn in Seed funding on August 24, 2018, from Acequia Capital, contributing to a total amount raised of USD 3.72 mn and a current valuation of USD 15.238 mn.TrueVault offers a comprehensive privacy platform designed to assist businesses in managing compliance with various data privacy laws. Their centralized hub enables efficient handling of consumer privacy requests, allowing businesses to track, automate requests, and offer tailored privacy notices. The platform aids businesses in navigating privacy compliance complexities without requiring legal counsel and features integrations with major vendors such as Google Analytics and Shopify. TrueVault primarily serves data-driven brands in regions with stringent privacy regulations, including the European Union and the United States.TrueVault generates revenue primarily through a subscription-based model with tiered pricing plans that cater to different business sizes and privacy needs. Clients engage through annual or monthly subscriptions, which provide access to tools for managing privacy compliance. Revenue derives from structured agreements that enable businesses to efficiently handle privacy regulations while utilizing automated capabilities. Their offerings, including consent management and request-handling features, form the core of their service portfolio, solidifying their position in the privacy compliance sector.TrueVault plans to utilize recent funding to enhance its product offerings and expand into new markets. The company aims to launch new features designed to further streamline privacy compliance management. Additionally, they are targeting expansion into regions with emerging privacy regulations by the end of 2023. The latest funding of USD 3.72 mn from Acequia Capital will support these strategic initiatives.

## Funding rounds

- Seed, Aug 24, 2018, $3.7M — Acequia Capital
- Seed, Mar 28, 2014, $2.5M — General Catalyst Partners, Khosla Ventures, Andreessen Horowitz, Maverick Capital, FundersClub

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed