# Truemed

> Truemed lets consumers use HSA and FSA funds on evidence-based lifestyle and preventive health products via Letters of Medical Necessity.

## Why it is interesting

Preventive spend is mostly post-tax today; a16z Bio+Health led Series A as Truemed hit 3,000+ merchant partners and 3x YoY revenue.

## Profile

- **Stage:** other
- **Status:** private
- **Industries:** generalist-tech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series A (Dec 2025): $34M led by a16z; Bessemer, BoxGroup participated — PR Newswire, a16z
- HSA/FSA marketplace unlocking tax-advantaged spend on preventive health products

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/bessemer-venture-partners
- https://venturecapitaltracker.com/fund/box-group

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/truemed