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Venture Capital
trueventures.com

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Investments

656

Portfolio Exits

111

Funds

19

Partners & Customers

2

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.

Headquarters Location

530 Lytton Avenue Suite 303

Palo Alto, California, 94301,

United States

650-319-2150

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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 12 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

S

Store management tech (In-store retail tech)

55 items

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

B

Beauty & Personal Care

65 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

114 items

S

Synthetic Biology

382 items

Latest True Ventures News

Exnaton attracts Zurich and Silicon Valley investors

Oct 5, 2022

ETH spinoff Exnaton has secured fresh capital from Silicon Valley investor True Ventures and Zurich-based Übermorgen Ventures to drive the expansion of renewable energies. So far, 15 utility companies in Central Europe use the company’s software for energy sharing. During the next months, the startup plans to advance its technology and expand into new European markets.

True Ventures Investments

656 Investments

True Ventures has made 656 investments. Their latest investment was in Almond as part of their Seed VC on November 11, 2022.

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True Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/23/2022

Seed VC

Almond

$7M

Yes

3

11/10/2022

Series A

Directus

$7M

Yes

2

11/7/2022

Series A

Ernesta

$25M

Yes

9

10/27/2022

Seed VC

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$99M

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10

10/19/2022

Series A

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$99M

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10

Date

11/23/2022

11/10/2022

11/7/2022

10/27/2022

10/19/2022

Round

Seed VC

Series A

Series A

Seed VC

Series A

Company

Almond

Directus

Ernesta

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Amount

$7M

$7M

$25M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

9

10

10

True Ventures Portfolio Exits

111 Portfolio Exits

True Ventures has 111 portfolio exits. Their latest portfolio exit was Namely on September 06, 2022.

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

9/6/2022

Acquired

$99M

3

8/3/2022

Acquired

$99M

1

6/2/2022

Acquired

$99M

9

5/12/2022

Acquired

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$99M

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10

4/11/2022

Acquired

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$99M

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10

Date

9/6/2022

8/3/2022

6/2/2022

5/12/2022

4/11/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

9

10

10

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

Closed

$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

Closed

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Amount

$465M

$375M

$350M

$99M

$99M

Sources

4

3

4

10

10

True Ventures Partners & Customers

2 Partners and customers

True Ventures has 2 strategic partners and customers. True Ventures recently partnered with DFX on March 3, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

3/1/2021

Partner

Canada

5/24/2017

Partner

United States

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10

Date

3/1/2021

5/24/2017

Type

Partner

Partner

Business Partner

Country

Canada

United States

News Snippet

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Sources

10

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

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

True Ventures Team

5 Team Members

True Ventures has 5 team members, including , .

Name

Work History

Title

Status

Philip D. Black

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

Founder

Current

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Name

Philip D. Black

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Work History

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

Title

Founder

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Status

Current

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