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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
Industry
Website
Location
Deep Genomics (company)

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

HashiCorp is a software company providing tools for developers and security professionals to provision, secure and run infrastructure for distributed application for organizations.

Zymergen, founded in 2013 and located in Emeryville, California, is a technology company providing organisms engineering services. Their biotechnology labs rely on advanced manufacturing technologies, machine learning techniques, and genomics to accelerate the design, build, test cycle of microorganisms.

OpenDoor is a San Francisco-based real estate technology company offering virtual and streamlined real estate buying and selling founded in 2014 by Keith Rabois, Eric Wu, JD Ross and Ian Wong.

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.

A San Mateo, CA-based wearables company that uses haptic feedback technology to increase a user's awareness of their surroundings using sound.

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.

EmitWise helps large businesses monitor and reduce their carbon footprints.

MoviePass is a New York-based company founded in 2010 by Stacy Spikes.

Fauna Bio is a Berkeley, California-based biotechnology company.

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.

NoRedInk is a San Francisco-based e-learning and educational technology company founded in 2012 by Jeff Scheur to help students writing abilities.

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

A company that has created a platform where voice speakers, like Alexa or Siri, can be designed and launched without the user needing knowledge of coding. It was founded in 2018 and is located in San Francisco, California.

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.

Ginger offers behavioral health coaching, video therapy, video psychiatry and self-guided content.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
True Ventures II-A, L.P.
10,765,000
10,765,000
October 23, 2008
15,250,000
15,250,000
May 16, 2014
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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
Madison Reed
February 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Madison Reed announced a $52 million financing round to continue to fuel its omnichannel expansion and build upon the 130 percent growth it saw...
Kirsten Korosec
February 8, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to [...]
Christine Hall
January 21, 2021
Crunchbase News
Growers are trying to increase productivity, but at the same time, face rising costs, limited labor and climate change.
FinSMEs
November 30, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
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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