# TrulyMad

> TrulyMad is a VC fund backing Beauty, Fitness and Wellness. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Sep 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/miguelalvesribeiro/

TrulyMad is a VC fund focused on Beauty and Fitness. TrulyMad Business Accelerator

## Round sizes

| Stage | Round size |
| --- | --- |
| Pre-Seed | $550k–$560k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Beauty | 1 | 50% |
| Fitness | 1 | 50% |
| Wellness | 1 | 50% |
| E-Commerce | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| sheerME | SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels. | $560K | Pre-Seed | Sep 01, 2021 |  |
| sheerME | SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels. | $550K | Pre-Seed | Jun 01, 2020 |  |

2 of 2 investments shown.

## Co-investors
- [Olisipo Way](https://shizune.co/investors/profile/olisipoway) — VC Fund, 2 deals together
- [Ganexa Capital](https://shizune.co/investors/profile/ganexa-capital) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Unilever Ventures](https://shizune.co/investors/profile/unilever-ventures) — VC Fund
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- [Flybridge](https://shizune.co/investors/profile/flybridge-capital) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
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- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

### Similar country
- [Portugal Ventures](https://shizune.co/investors/profile/portugal-ventures) — VC Fund
- [Caixa Capital](https://shizune.co/investors/profile/caixa-capital-2) — VC Fund
- [Armilar Venture Partners](https://shizune.co/investors/profile/espirito-santo-ventures) — VC Fund

## Featured in investor lists
- [All VC Funds in Portugal](https://shizune.co/investors/vc-funds-portugal)
- [Wellness Investors in Portugal](https://shizune.co/investors/wellness-investors-portugal)
- [Wellness VC Funds in Portugal](https://shizune.co/investors/wellness-vc-funds-portugal)
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- [Sports VC Funds in Portugal](https://shizune.co/investors/sports-vc-funds-portugal)
- [Fitness Investors in Portugal](https://shizune.co/investors/fitness-investors-portugal)

## FAQ

### What does TrulyMad invest in?

TrulyMad invests primarily in Beauty, Fitness and Wellness startups, most often at Pre-Seed stage. Most of the 2 investments tracked by Shizune back companies in Portugal. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is TrulyMad's check size?

TrulyMad typically joins rounds of $550k–$560k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds TrulyMad participates in.

### When did TrulyMad last invest?

The most recent investment recorded for TrulyMad closed in Sep 2021. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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