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

Company
Description
Website
Industry
Location

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

Directly is a San Francisco-based developer of artificial intelligence systems of customer experience and chatbots founded by Antony Brydon, Jean Tessier and Jeff Patterson.

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

TripleLift is an American multinational technology company, whose platform enables scalability for native, branded content and OTT advertising.

A company developing publishing platforms, including WordPress.com website and VIP WordPress.com cloud version.It was founded in 2005 and is located in San Francisco, California.

Xplenty is a Tel Aviv and San Francisco-based developer which offers a platform to allow organizations to integrate, process, and prepare data for analytics on the cloud.

Prime Roots (formerly Terramino Foods) is a food company located in San Leandro, California, founded by Kimberlie Le and Joshua Nixon in 2017 producing a salmon meat substitute made from fungi.

MoviePass is a New York-based company founded by Stacy Spikes.

Developing a multi-omics human drug discovery platform inspired by disease resistance non-model organisms.

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

ICEYE provides commercial access to Earth observation data. The ICEYE SAR Satellite Constellation captures images of any location on Earth every three hours, day and night, regardless of cloud cover.

Instant messaging client

A company offering digital transformation and compliance services for firms offering financial services.

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

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.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
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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

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Srividya Kalyanaraman
June 30, 2020
AmericanInno
Hi Marley provides an AI-enabled texting platform for the insurers.
Christine Hall
May 19, 2020
Crunchbase News
Contentsquare helps businesses increase revenue, engagement and growth via better customer experiences.
Kate Clark
October 12, 2019
TechCrunch
In this week's newsletter: Uber buys Cornershop and two startups named Revel raised VC dollars.

References

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