Investments
656Portfolio Exits
111Funds
19Partners & Customers
2Service Providers
2About 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.
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).
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.
HR Tech
65 items
Store management tech (In-store retail tech)
55 items
Startups aiming work with retailers to improve brick-and-mortar retail operations.
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.
Unicorns- Billion Dollar Startups
114 items
Synthetic Biology
382 items
Latest True Ventures News
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.
True Ventures Investments Activity
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 | |||||
10/19/2022 | Series A |
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 | ||
Amount | $7M | $7M | $25M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 2 | 9 |
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 | 3 | |||
8/3/2022 | Acquired | 1 | |||
6/2/2022 | Acquired | 9 | |||
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 | ||||
6/1/2017 | True Ventures Select II |
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 | ||||
Status | Closed | ||||
Amount | $465M | $375M | $350M | ||
Sources | 4 | 3 | 4 |
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.
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 | ||
Service Provider | ||
|---|---|---|
Associated Rounds | ||
Provider Type | Counsel | |
Service Type | General Counsel |
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 |
Name | Philip D. Black | ||||
|---|---|---|---|---|---|
Work History | ABS Ventures, Weiss, Peck & Greer Ventu, and Summit Partners | ||||
Title | Founder | ||||
Status | Current |
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