Golden
True Ventures

True Ventures

A venture capital firm investing in early-stage technology companies

True Ventures is a venture capital and private equity firm investing in early-stage technology companies that is headquartered in San Francisco, California and was founded in 2005 by John Burke, Jon Callaghan, Phil Black, Toni Schneider, and Tony Conrad. Notable exits made by True Ventures include: Peloton, Fitbit, Duo, Ring, Blue Bottle Coffee, Evident.io, Hedvig, BrightRoll, Connectifier, Goodreads, Apcera, MakerBot, Smarterer, and Screenhero.

Investment funds

True Ventures VI, LP

On October 30, 2018 True ventures announced raising $350 million in funding for their True Ventures VI, LP fund. True Ventures wrote about their plans for their True Ventures VI, LP fund on their website:

With our new Fund VI, we will continue to invest in driven, exceptionally creative Founders leading teams and building products across a range of industries including enterprise software, connected devices, consumer brands, cryptocurrency, and digital biology — to name only a few of our many areas of interest.

True Ventures Select Fund III

On October 30, 2018 True ventures announced raising $285 million in funding for their True Ventures Select Fund III. 

Awards

Venture Firm of the Year

In 2018 True Ventures was awarded the Venture Firm of the Year by National Venture Capital Association for their strong fund performance and commitment to advancing entrepreneurship. The co-founder of True Ventures, John Callaghan, made the following statement about True Ventures being awarded the Venture Firm of the Year award:

We couldn’t be happier for the True team and are honored to recognize them as the 2018 Venture Firm of the Year. Since True’s founding in 2005, Jon, Phil and the rest of the team have established themselves as leaders of our industry through their investments, support for entrepreneurs and commitment to creating a more inclusive ecosystem. We congratulate them on this achievement and wish them the best of luck as they continue to lead our industry into the future.



Timeline

Funded Companies

115 Results
Company
Company
Description
Description
Website
Website
Industry
Industry
Location
Location

A genetic medicine company that build data platforms using synthetic biology, artificial intelligence and genetic medicine creating medical therapies.

Sano is a technology company making a biometric sensor that provides users with information about how their body metabolizes glucose.

Company producing activity trackers

A company offering an exercise bike capable of streaming indoor cycling classes.

Instant messaging client

OpenROV is a company that produces underwater exploration devices. It is located in Berkeley, California and was founded in 2011.

Automattic is a company developing publishing platforms, including WordPress.com website and VIP WordPress.com cloud version.

Ginger offers on-demand behavioral health coaching, video therapy, video psychiatry and self-guided content that is clinically proven to reduce symptoms of depression and anxiety.

American global digital video advertising company

A robotics and artificial Intelligence company developing robotic products to work collaboratively with humans.

Kisend provides an application for web and mobile solution for printing, receiving and sending photographs.

Submittable is a company providing a cloud-based submission management platform for magazine, journal and book publishers. It participated in the S12 cohort of Y Combinator.

Specialty coffee roaster with cafes in LA, SF, NYC, and Japan.

Urban Airship is a Portland, Oregon-based company founded in 2009.

RescueTime provides a web-based time management tool for tracking computer usage including users' activities and duration of use.

Associated investment funds

13 Results
Investment Fund
Investment Fund
Total offering (USD)
Total offering (USD)
Total sold (USD)
Total sold (USD)
Location
Location
Date signed
Date signed
10,765,000
10,765,000
October 23, 2008
15,250,000
15,250,000
May 16, 2014

People

Name
Role
LinkedIn

Adam D'Augelli

Employee



Amy Errett

Advisor



Andrew Boni

Employee



Chris Parcel

Employee



Ethan Schmertzler

Employee



Hans Swildens

Investor



James Joaquin

Advisor



John Burke

Founder



Jon Callaghan

Founder



Keila Fong

Employee



Phil Black

Founder



Puneet Agarwal

Employee



Raanan Bar-Cohen

Advisor



Ramsey Chapin

Employee



Richard Berwick

Employee



Rohit Sharma

Employee



Stephanie Parker

Employee



Teddy Worcester

Employee



Toni Schneider

Employee



Tony Conrad

Employee



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Companies

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References