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.

Artificial intelligence (AI)
Toronto
Directly

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.

Artificial intelligence (AI)
San Francisco
OpenDoor

OpenDoor is a real estate company based in the US.

Software
San Francisco
Sano Intelligence

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

Health
San Francisco
MakerBot

New york city-based company

3D printing
New York City
TripleLift

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

Advertising
New York City
Automattic

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.

Blog
San Francisco
Xplenty

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.

Business intelligence (BI)
San Francisco
Prime Roots

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.

Biotechnology
San Francisco
MoviePass

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

Film industry
New York
Tray.io

Hosted programming platform for developing with public APIs.

Workflow
San Francisco
Sweetgreen

A restaurant chain serving organic salads and grain bowls.

Restaurant
San Francisco
Fitbit

Company producing activity trackers

Sleep
San Francisco
Fauna Bio (Company)

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

Biotechnology
Berkeley, California
Prellis Biologics

Prellis Biologics is developing technology to build transplantable human organs and tissues.

Biotechnology
San Francisco
Peloton

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

Fitness
New York
ICEYE

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.

Satellite
Finland
Solvvy

Solvvy is a machine-learning based company that works on improving customer experience.

Palo Alto, California
Meebo

Instant messaging client

Chat
Kurtosys

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

Software
New York City
OpenROV

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

Artificial intelligence (AI)
Berkeley, California
Ginger.io

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.

Health
San Francisco
Betable

Betable is a London-based company.

Gambling
BrightRoll

American global digital video advertising company

Advertising
San Francisco
Diligent Robotics

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

Artificial intelligence (AI)
Austin, Texas
147 Results
Page 1 of 6
Results per page:
Powered by Golden Research Engine

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
Palo Alto, California
October 23, 2008
True Ventures SPV I, L.P.
15,250,000
15,250,000
Palo Alto, California
May 16, 2014
True Ventures IV, L.P.
250,000,000
Palo Alto, California
February 13, 2014
True Ventures VI-A, L.P.
20,000,000
Palo Alto, California
August 16, 2018
True Ventures V, L.P.
295,000,000
Palo Alto, California
March 23, 2016
True Ventures IV-A, L.P.
35,000,000
Palo Alto, California
March 27, 2014
True Ventures III, L.P.
200,000,000
Palo Alto, California
June 17, 2011
True Ventures Select I, L.P.
175,000,000
Palo Alto, California
May 11, 2015
True Ventures III-A, L.P.
25,000,000
Palo Alto, California
August 23, 2011
True Ventures Select III, L.P.
325,000,000
Palo Alto, California
June 13, 2018
True Ventures Select II, L.P.
175,000,000
Palo Alto, California
July 20, 2016
True Ventures VI, L.P.
325,000,000
Palo Alto, California
June 13, 2018
True Ventures V-A, L.P.
20,000,000
Palo Alto, California
June 29, 2016
True Ventures Select IV, L.P.
340,000,000
Palo Alto, California
June 2020
True Ventures VII, L.P.
415,000,000
Palo Alto, California
June 2020
15 Results
Page 1 of 1
Results per page:
Powered by Golden Research Engine

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

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.