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Venture Capital
trueventures.com

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Investments

608

Portfolio Exits

103

Funds

19

Partners & Customers

1

Service Providers

2

About True Ventures

True Ventures is a seed and very early stage venture capital firm with offices in San Francisco, Silicon Valley, and Northern Virginia. The firm partners with entrepreneurs at the earliest stages in the highest-growth segments of the technology market. True Ventures targets the newest entrants into emerging technology markets, including commerce, consumer devices, infrastructure services, media, mobile, and software and services.

True Ventures Headquarter Location

530 Lytton Avenue Suite 303

Palo Alto, California, 94301,

United States

650-319-2150

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing True Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find True Ventures in 6 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

37 items

Startups selling their own branded products directly to consumers via online/mobile channels, rather than relying on department stores or big online marketplaces.

H

HR Tech

65 items

I

In-Store Retail Tech

50 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

B

Beauty & Personal Care

58 items

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

U

Unicorns- Billion Dollar Startups

113 items

S

Synthetic Biology

382 items

Latest True Ventures News

Insurtech Company, Kettle, Is Using AI to Insure Against Wildfires

Nov 29, 2021

Kettle Raises $25 Million Series A Led by Acrew Capital with participation from Homebrew, True Ventures, Anthemis, Valor, DCVC, and LowerCarbon Capital Kettle , the reinsurance startup that uses advanced deep learning to better protect people from the growing risks associated with climate change, such as California’s wildfires, today announced it has been reinsuring homes during the 2021 wildfire season and that it raised a Series A financing round. The $25 million round was led by Acrew Capital, with participation from Homebrew, True Ventures, Anthemis, Valor, DCVC, and LowerCarbon Capital. Kettle is bringing advanced technology to the $400 billion-a-year reinsurance industry, starting with California wildfires. The industry has seen a 68 percent drop in return on equity due to a 3X increase in catastrophes causing more than $1 billion in damage over the past 15 years according to NOAA. In 2021 we saw the Dixie and Caldor Fires in California burn over 700,000 acres and destroy over 1200 structures based on Calfire’s data. Founded by Andrew Engler and Nathaniel Manning, Kettle is structured as a reinsurance Managing General Agent that can underwrite these increasing risks. Kettle is also setting up their own risk-bearing entity. Kettle’s Engler has more than a decade of experience working in the insurance and reinsurance industries, most recently as the vice president of digital at the public insurer/reinsurer, Argo Group. Manning spent years working with data for humanitarian efforts as the CEO of Ushahidi, the largest open source software platform for community crisis response, and as the first chief data officer of USAID. “We are thrilled to be helping provide insight and relief to the California insurance market,” said Manning. “There are 14 million structures in California, and in 2020 ~11,500 of them burned down, less than .1%. While the risks of wildfire have certainly increased over the past decade, the key is understanding exactly where the risk is. If we can do that, we can bring stability back to the California insurance market.”

True Ventures Investments

608 Investments

True Ventures has made 608 investments. Their latest investment was in Better Place Forests as part of their Series B on November 11, 2021.

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True Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/30/2021

Series B

Better Place Forests

$20M

Yes

1

11/24/2021

Seed VC

Tiamat Sciences

$3M

Yes

5

11/19/2021

Series A

Kettle

$25M

No

7

11/18/2021

Series C

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$99M

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10

11/18/2021

Seed VC

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$99M

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10

Date

11/30/2021

11/24/2021

11/19/2021

11/18/2021

11/18/2021

Round

Series B

Seed VC

Series A

Series C

Seed VC

Company

Better Place Forests

Tiamat Sciences

Kettle

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Amount

$20M

$3M

$25M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

5

7

10

10

True Ventures Portfolio Exits

103 Portfolio Exits

True Ventures has 103 portfolio exits. Their latest portfolio exit was Projector on November 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/9/2021

Acquired

2

9/28/2021

Acquired

4

9/21/2021

Acquired

$991

3

00/00/0000

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10

00/00/0000

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$991

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10

Date

11/9/2021

9/28/2021

9/21/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

2

4

3

10

10

True Ventures Acquisitions

1 Acquisition

True Ventures acquired 1 company. Their latest acquisition was Metacore Games on November 15, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/15/2018

Series B

$217.55M

Shareholder Liquidity

1

Date

11/15/2018

Investment Stage

Series B

Companies

Valuation

Total Funding

$217.55M

Note

Shareholder Liquidity

Sources

1

True Ventures Fund History

19 Fund Histories

True Ventures has 19 funds, including True Ventures VII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/14/2020

True Ventures VII

$465M

4

10/14/2020

True Ventures Select IV

$375M

3

10/30/2018

True Ventures VI

Early-Stage Venture Capital

$350M

4

10/30/2018

True Ventures Select III

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$99M

10

6/1/2017

True Ventures Select II

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$99M

10

Closing Date

10/14/2020

10/14/2020

10/30/2018

10/30/2018

6/1/2017

Fund

True Ventures VII

True Ventures Select IV

True Ventures VI

True Ventures Select III

True Ventures Select II

Fund Type

Early-Stage Venture Capital

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Status

Amount

$465M

$375M

$350M

$99M

$99M

Sources

4

3

4

10

10

True Ventures Partners & Customers

1 Partners and customers

True Ventures has 1 strategic partners and customers. True Ventures recently partnered with Peloton on May 5, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

5/24/2017

Partner

Peloton

United States

By Jon Callaghan, May 24, 2017. True Ventures - Proud of the Peloton Today

True 's relationship with Peloton has been symbiotic , and we 're happy to have helped support the growth and development of their team over the past few years , just as they 've been generous with the learnings they 've gained .

1

Date

5/24/2017

Type

Partner

Business Partner

Peloton

Country

United States

News Snippet

By Jon Callaghan, May 24, 2017. True Ventures - Proud of the Peloton Today

True 's relationship with Peloton has been symbiotic , and we 're happy to have helped support the growth and development of their team over the past few years , just as they 've been generous with the learnings they 've gained .

Sources

1

True Ventures Service Providers

2 Service Providers

True Ventures has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

True Ventures Team

6 Team Members

True Ventures has 6 team members, including current Founder, Managing Partner, Jon D. Callaghan.

Name

Work History

Title

Status

Philip D. Black

ABS Ventures, Weiss, Peck & Greer Ventu, and Summit Partners

Founder

Current

Jon D. Callaghan

Globespan Capital Partners, CMGI Ventures, and Summit Partners

Founder, Managing Partner

Current

James G Stewart

Chief Financial Officer

Current

John Burke

Founder

Former

Braughm Ricke

About.me, GigaOmni Media, 5AM Ventures, Sofinnova Ventures, Fidelity Investments, and Artiman Ventures

Chief Financial Officer

Former

Name

Philip D. Black

Jon D. Callaghan

James G Stewart

John Burke

Braughm Ricke

Work History

ABS Ventures, Weiss, Peck & Greer Ventu, and Summit Partners

Globespan Capital Partners, CMGI Ventures, and Summit Partners

About.me, GigaOmni Media, 5AM Ventures, Sofinnova Ventures, Fidelity Investments, and Artiman Ventures

Title

Founder

Founder, Managing Partner

Chief Financial Officer

Founder

Chief Financial Officer

Status

Current

Current

Current

Former

Former

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