Truemed operates a technology platform and marketplace that connects consumers, clinicians, and merchants to enable Health Savings Account (HSA) and Flexible Spending Account (FSA) payments for lifestyle and preventive health interventions. Its compliance workflow secures letters of medical necessity through functional-medicine clinicians, allowing qualified users to pay for products and services from thousands of partners such as Peloton, Eight Sleep, Nike Strength, and 24 Hour Fitness. The company targets conditions like early heart disease, mental health issues, chronic pain, and metabolic disorders. Management reports 3× year-over-year revenue growth for each of the past two years, underscoring rapid commercial traction. Truemed positions itself as a shift from reactive “sick care” to proactive health management by aligning financial incentives with healthy behaviors. The newly raised capital will go toward expanding the product suite, broadening the merchant portfolio, and boosting consumer awareness of HSA/FSA eligibility for preventive care.

Total raised

$38M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2025