United States · 
What does True Ventures invest in?
True Ventures invests most often at Series A and Seed (67% of the rounds on record), in sectors such as Software, Social Good and Social Impact.
True Ventures highlights
- 01
212 rounds on record
- 02
Mostly Series A and Seed: 67% of its rounds
- 03
Sole investor in 30 rounds, median $1.0M
- 04
43 exits from the portfolio
What they do
We write the first check and stay for every chapter after.From their own website
- Type
- VC firm (from a list, unverified)
- Cheque size
- Not stated
- Stages
- Pre-seedSeedSeries ASeries BGrowthPre-IPO
- Sectors
- SoftwareSocial GoodSocial Impact
- Based in
- Palo Alto, United States
- Cold pitches
- Accepted
The record
Every round we can evidence, newest first212 appearances
- 2025
2 rounds
- Sept
- May
- 2013
40 rounds
- Nov
- Nov
- Nov
- Oct
- Oct
- Oct
- Oct
- Oct
- Sept
- Sept
- Sept
- Sept
- Sept
- Aug
- Jul
- Jul
- Jul
- Jun
- Jun
- Jun
- Jun
- May
- May
- May
- Apr
- Apr
- Apr
- Apr
- Apr
- Apr
- Apr
- Apr
- Mar
- Mar
- Mar
- Feb
- Feb
- Feb
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration6 named
JGJames Gordon StewartCOOiForm ADV
JCJon CallaghanManaging Member of the General PartneriFiling they signed
JDJonathan David CallaghanManaging Member of the General PartneriFiling they signed
PDPhilip Douglas BlackManaging Member of the General PartneriFiling they signed
PAPuneet AgarwalManaging Member of the General PartneriFiling they signed
UKUlrike KellmereitCFOiForm ADV
We also hold 31 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$3.9Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
- Legal name
- TRUE Venture Management, L.L.C.
- SEC number
- CRD 162586
What they claim to have backed
From their own portfolio page (on their website)
45 of 60 we have independently watched raise
AirweaveArt BlocksAudosBandcamp Direct-to-fan toolsBasecamp ResearchBlue Bottle CoffeeContactileCore ThinkDittoDuo Security Two-factorErnestaFairingFauna BioFitbitGoodreads The socialGraze SocialGridwareHashiCorp Multi-cloud infrastructureHi MarleyHowieICEYEItemJumaMadison ReedMakerbotModerneNectar SocialNexarNixtlaPatinaPeloton Connected fitnessPolsiaRileyRoarkSoloSpliceSweetgreen Fast-casual restaurantsTenkaraThe Nuclear CompanyTownTripleliftUnderstoryVectorizeVeza Technology forWorkgroundsAristotleAtticusBear Flag RoboticsChatSeeDaydreamDevelocityDiggEnvedaFeather Computers FeatherFerootFluxGatherHandshakeHatchHitchand 18 more
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Exits from the portfolio
Companies it backed that were later bought or listed43 in all
Spree CommerceBought by First Data CorporationUndisclosedSept 2015
SyncplicityBought by Skyview CapitalUndisclosedJul 2015
Piston Cloud Computing, Inc.Bought by CiscoUndisclosedJun 2015
OrchestrateBought by CenturyLinkUndisclosedApr 2015
Always PreppedBought by AlmaUndisclosedFeb 2015
SmartererBought by Pluralsight$75MNov 2014
BrightRollBought by Yahoo!$640MNov 2014
Schematic LabsBought by RhapsodyUndisclosedAug 2014
SifteoBought by 3D RoboticsUndisclosedJul 2014
TastemakerXBought by RdioUndisclosedJul 2014
GliderBought by FPXUndisclosedApr 2014
LoopFuseBought by SalesfusionUndisclosedJan 2014
SinglyBought by AppceleratorUndisclosedAug 2013
MakerBotBought by Stratasys$403MJun 2013
The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.