True Ventures
575 High StreetPalo Alto, CA 94301
Firm Size
- Assets Under Management (AUM):$3.4 Billion
- Number of Funds:20
- Employees:
- Firm Type:Venture Capital
- Focus Areas:
Software & Technology
Healthcare
Consumer
Description
True Ventures is a venture capital firm based in Palo Alto, California, with a strong focus on investing in early-stage technology companies. Founded in 2005 by Jon Callaghan and Phil Black, the firm operates with a mission to support and empower entrepreneurs who are dedicated to creating positive and innovative solutions. True Ventures primarily invests in sectors like software, internet, hardware, healthcare, and consumer products, with a particular interest in companies that display potential for high growth and disruptive impact. They offer seed and series A funding to startups, providing not only capital but also strategic guidance and mentorship to help these companies succeed. The firm takes a hands-on approach to investing, working closely with entrepreneurs to help them refine their business strategies, build strong teams, and achieve their goals. They value collaboration and actively encourage knowledge-sharing between their portfolio companies to foster a supportive and vibrant community. True Ventures' investment portfolio consists of a diverse range of successful companies such as Fitbit, Peloton, WordPress, and Plaid. They have proven expertise in selecting ventures that demonstrate promising market potential and transformative ideas. In addition to their investment activities, True Ventures also organizes various events and initiatives to foster innovation and connect entrepreneurs. These include the True University program, which provides educational resources and mentorship to founders, and the True Global Impact Challenge, which supports startups tackling significant global challenges. Overall, True Ventures has established itself as a reputable and influential venture capital firm in Palo Alto, working alongside exceptional entrepreneurs to drive innovation and bring about positive change in various industries.Latest News
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Jun 05, 2024: Climate Risk-Solving Insurance Provider Understory Secures $15 Million Series A Funding
Understory, the insurance platform protecting climate-vulnerable industries from severe weather risk, announced the close of a significantly oversubscribed Series A funding round, securing a substantial $15 million to drive its expansion into the renewable energy sector. This funding round, co-led by True Ventures and Prelude Ventures, underscores investors' strong belief in Understory's vision and expansion potential.
May 02, 2024: StrongDM Secures $34 Million Series C Funding to Expand into Europe and Asia, and Establish Zero Trust PAM for Enterprise Security
StrongDM , the Zero Trust privileged access company, today announced the closure of a $34 million Series C funding round led by Anchor Capital, with participation from new investors Capital One Ventures, Cisco Investments, Frontline Ventures, and Singtel Innov8, as well as existing investors including GV, Sequoia Capital, and True Ventures. This investment underscores StrongDM's commitment to reshaping enterprise security with its revolutionary Zero Trust privileged access management (PAM) solution . The Series C funding round brings StrongDM's total funding to $96 million .
Oct 31, 2023: SIP Global Partners Participates in $99M Series C Funding Round in Seurat, World Leader in 3D Metal Printing
Oct 30, 2023: Seurat Technologies Raises $99M to Deploy Local Printing Factories, Decarbonize Manufacturing
Seurat Technologies , the 3D metal printing leader that is making manufacturing better for people and the planet, today announced a $99 million Series C round led by NVentures , NVIDIA's venture capital arm and Capricorn's Technology Impact Fund focused on climate solutions. Seurat's latest funding round includes participation from new investors Honda Motor and Cubit Capital, among others, as well as participation from previous investors, True Ventures, SIP Global Partners, Porsche Automobil Holding SE, Denso Global, General Motors Ventures, Maniv Mobility LP, and Xerox Ventures.
Sep 21, 2023: Diligent Robotics Closes $25 Million to Advance Systemwide Expansions of Socially-Intelligent Service Robots, Empower Healthcare Professionals
Diligent Robotics, the undisputed leader in robotic automation in health care, today announced $25 million in new financing led by Canaan, with True Ventures, DNX Ventures, Next Coast Ventures among the return investors and Northwestern Medicine Innovation joining as a new strategic investor. Rich Boyle from Canaan will join the board of directors. The company will use the funds to fuel system-wide expansions of its revolutionary Moxi robot across hospitals nationwide, enhance product development and triple its market reach.
Aug 23, 2023: AI Writing Tool Lex Raises $2.75 Million Seed Round Led by True Ventures
Lex announced today its $2.75 million seed round, led by early stage venture capital firm True Ventures . Lex is building an AI-powered word processor that gives writers instant access to copy editing, writing advice, brainstorming, and more. Lex spun out of founding CEO Nathan Baschez's previous company, Every Media , a newsletter publisher focused on technology, AI, and productivity.
Jun 13, 2023: Gridware Raises $10.5 Million to Improve Grid Reliability Nationwide
Gridware today announced it has raised $10.5 million in a seed extension funding round led by Fifty Years and Lowercarbon Capital. This funding allows Gridware to continue to empower utilities to rapidly improve their reliability and wildfire mitigation efforts using its technology that is quickly and affordably implemented onto existing assets. This extension was supported by participation from nearly all of Gridware's initial seed round investors including True Ventures, Liquid 2 Ventures, Wireframe Ventures, Rebel Fund and AI Sprouts as well as joined by new investors including TRAC, Kindergarten Ventures, Hawktail, and Convective Capital. This extends Gridware's funding to $18.8 million .
May 15, 2023: Prime Roots Raises $30M in Series B Funding to Roll Out the First-of-its-Kind Plant-Based Deli Meats Nationwide
Prime Roots , the leading innovator of deli-style meats made from koji mycelium, today announced $30 million in Series B funding from True Ventures, Pangaea Ventures, Prosus Ventures, Top Tier Capital, Diamond Edge Ventures, SOSV/IndieBio, Solasta Ventures, Monde Nissin, Alumni Ventures, Gaingels, Meach Cove Capital, The House Fund, and Hyphen Capital bringing their total funding to approximately $50 million . The fresh funding will enable Prime Roots to scale and expand to deli counters and restaurants nationwide.
Apr 27, 2023: True Ventures Creates Practical Framework to Help Startups Decarbonize
Early stage venture capital firm True Ventures announced the launch of the True Climate Action Guide to help its portfolio founders and companies across the technology ecosystem reduce carbon emissions with practical tactics that both help the planet and drive business growth through climate initiatives.