COMPANY INFO
Truist Financial Corporation is an American bank holding company formed in December 2019 through the merger of BB&T Corporation and SunTrust Banks. Founded originally in 1872 by Alpheus Branch and Thomas Jefferson Hadley, Truist operates in the financial services industry with approximately 38,335 employees as of 2024, headquartered in Charlotte, North Carolina, and offers a wide range of banking, investment, insurance, and mortgage products through its 1,900+ branches across 15 states and Washington, D.C. Its website is truist.com.
Truist Financial Corporation is a leading American bank holding company, born in December 2019 through the merger of BB&T Corporation and SunTrust Banks. With roots tracing back to 1872, Truist operates in the financial services industry, offering a comprehensive range of banking, investment, insurance, and mortgage products. Headquartered in Charlotte, North Carolina, Truist supports its customers and communities through more than 1,900 branches across 15 states and Washington, D.C., and employs over 38,000 people as of 2024.
Truist Financial Corporation has demonstrated a strategic and diversified funding approach that has fueled its expansion, digital innovation, and significant presence in the U.S. financial landscape. Over its funding history, Truist has raised a total of $900K over 3 funding rounds, which include late-stage, debt, and unattributed rounds. The company’s financial milestones include a major conventional debt round of $500 million and the latest reported Series E round in December 2010. Truist’s funding strategy combines equity, debt, and venture capital to maintain robust growth and financial stability. As of February 2024, Truist’s valuation stands at $15.5 billion, reflecting strong investor confidence and solid market positioning. Major players such as SJF Ventures and Enhanced Capital Partners are among the key Truist Financial Corporation investors contributing to its success.
This seed funding round was used to drive initial product development and market entry, supporting Truist’s expansion into new service areas and enhancing its technological capabilities.
As the largest of Truist Financial Corporation's funding rounds, this conventional debt round provided working capital for operations, strategic investments, and to strengthen the company’s balance sheet during its growth phase.
The Series E round enabled the company to scale operations and invest in infrastructure, contributing to long-term stability prior to the eventual merger that formed Truist.
Enhanced Capital Partners is a private investment firm that provides both debt and equity capital. Their investment in Truist Financial Corporation supports the company's growth initiatives and expansion into underserved markets.
SJF Ventures is a leading venture capital firm focused on high-growth companies in clean energy, sustainability, and financial services. Their involvement as a Truist Financial Corporation investor reflects confidence in Truist’s innovative banking solutions and strategic growth.
Vanguard Group Inc is a prominent investment management company and a significant shareholder in many large U.S. companies. Vanguard’s investment in Truist Financial Corporation helps provide stability and enhances the company’s reputation among institutional investors.
Stone Point Capital is a leading private equity firm with significant experience in the financial services sector. Their partnership with Truist brings sector expertise and investment strength to support continued growth.
Clayton, Dubilier & Rice is a global private investment firm, known for building stronger businesses through operational improvements and growth initiatives. Their investment in Truist Financial Corporation is aligned with Truist's objectives for operational excellence and innovation.
Websets is a powerful natural language search and data enrichment tool that helps you discover comprehensive funding information for any company. Whether you're researching Truist Financial Corporation funding rounds or exploring investment data for other companies, Websets provides detailed insights into funding history, investors, and financial milestones.
With Websets, you can access detailed funding profiles, investor information, and financial data through intuitive natural language queries. Sign up now to enhance your funding research capabilities.