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Truveris
New York, US · Founded 2009 · Delaware corporation · 91 employees on LinkedIn · 4 known investors
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Truveris offers a technology platform with claims analytics and PBM (pharmacy benefit manager) oversight to reduce pharmacy benefit costs through contract optimization for employers. It combines clinicians and pharmacy contracting expertise to improve pharmacy benefit contract performance and spending.
Founders & leadership
Truveris was founded in 2009 by Anthony Joseph Loiacono.
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Anthony Joseph LoiaconoExecutive Vice-President, Sales and Marketing
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Michael FacendolaChief Operating Officer2021–2024Michael Facendola is a CPA and finance executive with experience leading finance organizations and scaling private-equity-backed businesses, with expertise in SEC reporting, technical accounting, and compliance.
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Louise SheaChief Pharmacy OfficerShe has held roles in healthcare sectors including insurance, managed care, PBM operations, and pharmacy management software technology.
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Bryan BirchChairman, President and CEO - Current Shareholder2011–2016Bryan Birch is a health care executive with operational experience at PBMs, health plans, health care IT companies, and value-based payment organizations, where he has held senior leadership roles including CEO and executive committee positions. He has raised capital from institutional investors and public markets for companies in these sectors.
Board
PC
Philippe ChambonBoard director
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BH
SC
SJ
Scott JohnsonBoard director
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Marcia RadosevichBoard director
Investors · 4
Canaan Partnerslisted by Canaan PartnersStamford · $500K – $20Mvia Stephen Bloch · board
How we know: Canaan Partners's portfolio page · a partner's Signal profile · board seat on SEC Form D · funding news · truveris.com · open dataset · 5k.vc investor directory · Not right? Tell us
McKesson Ventureslisted by McKesson VenturesSan Francisco
How we know: McKesson Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
Tribeca Venture Partnerslisted by Tribeca Venture PartnersNew York · $1M – $15M
How we know: Tribeca Venture Partners's portfolio page · a partner's Signal profile · Not right? Tell us
New Leaf Venture PartnersreportedNew Yorkvia Vijay Lathi · board
How we know: board seat on SEC Form D · funding news · truveris.com · Not right? Tell us
Funding
SEC filings, press & company announcements$64.9M disclosed across 5 of 6 rounds · 2010–2024
- $15MSeries EMay 2024 · 3 sources
Canaan Partners (lead), New Leaf Venture Partners (lead)
Source ↗
▶$24.7MraisedAug 2017 · 10 investors · Other TechnologyRule 506(b)
▶$24.7MraisedAug 2017 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Michael FacendolaExecutive Officer
- Anthony LoiaconoDirector
- Matthew SimasDirector
- Brian HirschDirector
- Stephen M. BlochDirector
- Vijay LathiDirector
- Faisal MushtaqExecutive Officer, Director
- Offering amount
- $34.7M
- Amount sold
- $24.7M
- First sale
- Aug 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$2.5MraisedMar 2016 · 5 investors · Other TechnologyRule 506(b)
▶$2.5MraisedMar 2016 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Philippe ChambonDirector
- Stephen M. BlochDirector
- Brian HirschDirector
- Michael FacendolaExecutive Officer
- Marcia RadosevichExecutive Officer
- Leon GreeneDirector
- Offering amount
- $10M
- Amount sold
- $2.5M
- First sale
- Feb 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$12.7MraisedJun 2014 · 9 investors · Other TechnologyRule 506(b)
▶$12.7MraisedJun 2014 · 9 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Stephen M. BlochDirector
- Brian HirschDirector
- Andrew MunroeExecutive Officer
- Anthony Joseph LoiaconoDirector
- Bryan D. BirchExecutive Officer, Director
- Philippe ChambonDirector
- Offering amount
- $12.7M
- Amount sold
- $12.7M
- First sale
- Jun 2014
- Incorporated
- Corporation, Delaware, 2009
- Federal exemptions
- 06b
▶$10MraisedMar 2012 · 8 investors · Other TechnologyRule 506(b)
▶$10MraisedMar 2012 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Somak ChattopadhyayDirector
- Philippe ChambonDirector
- Anthony Joseph LoiaconoDirector, Promoter, Executive Officer
- Leon Stewart GreeneExecutive Officer, Director, Promoter
- Bryan BirchExecutive Officer, Director, Promoter
- Scott JohnsonDirector
- Amount sold
- $10M
- First sale
- Dec 2010
- Incorporated
- Corporation, Delaware, 2009
- Federal exemptions
- 06
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
3 people who came through Truveris went on to found or lead other companies.
Related companies · 7
SmithrxSmithRx operates a pharmacy benefits management platform that aims to reduce complexity and costs in pharmacy benefits through transparency and technology. The company serves healthcare organizations and patients navigating the U.S. pharmacy benefits system.
Definitive HealthcareDefinitive Healthcare delivers market intelligence and data analytics on healthcare organizations, clinicians, and consumers, serving life sciences companies, healthcare providers, and other industries that interact with healthcare. The company provides data consolidation, analytics services, and digital advertising activation capabilities to help customers make informed decisions in the healthcare market.
KffKFF is an independent organization that conducts health policy research, polling, and journalism. It provides news and analysis on healthcare policy and related topics.
JudiJudi Health administers medical, dental, vision, and pharmacy benefits on a unified platform designed for health plans and employers. The platform consolidates claims processing, eligibility management, reporting, and member support across medical and pharmacy benefits to reduce administrative complexity and improve visibility into total healthcare costs.
XevantXevant offers an automated data analytics and reporting platform for pharmacy benefit organizations, using AI to standardize diverse data formats, analyze pharmacy claims, and generate reports and repricing outputs. It serves payers, PBMs, TPAs, consultants, and brokers across the pharmacy benefits ecosystem.
HealthPartnersHealthPartners is a health system and health insurance organization that provides medical care and coverage while working to reduce health disparities in the communities it serves. It focuses on advancing health equity in chronic disease care, preventive screenings, and maternal and child health.
Rightway HealthcareRightway Healthcare is a pharmacy benefits manager (PBM) built by pharmacists that operates on a transparent, 100% pass-through fee model rather than profiting from rebates. The company serves employers and health systems by providing clinical care navigation, personalized member support, and cost optimization for prescription drug benefits.
Companies working in the same space as Truveris.
In the news
Frequently asked questions
- What does Truveris do?
- Truveris offers a technology platform with claims analytics and PBM (pharmacy benefit manager) oversight to reduce pharmacy benefit costs through contract optimization for employers. It combines clinicians and pharmacy contracting expertise to improve pharmacy benefit contract performance and spending.
- Who founded Truveris?
- Truveris was founded by Anthony Joseph Loiacono in 2009.
- Who are Truveris's investors?
- Truveris's investors include Canaan Partners, McKesson Ventures, Tribeca Venture Partners, New Leaf Venture Partners.
- How much funding has Truveris raised?
- Truveris has disclosed $64.9M raised across 5 of its 6 known rounds.
- Where is Truveris headquartered?
- Truveris is headquartered in New York, US.