# Trust Ventures: portfolio, investments and team > Trust Ventures is a vc firm based in United States. 8 investments on record, 3 in the last 12 months, latest Nov 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/trust-ventures (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Trust Ventures Last cheque observed Nov 2026; 8 cheques on record. Email VC firm Deploying now New fund $1.9M, Oct 2026 Pre-seed Seed Series A Diversity African-american Women's Follow Trust Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftrust-ventures) Deploying now **100%** of best year **3** **cheques in 12 months**, 8 on record Since the last cheque **1** days **00** hrs **00** min **00** sec Median round **$27M** Rounds led **1 of 8** Mostly in **United States, 100%** Pitch Trust Ventures ## Trust Ventures highlights - 01 3 cheques in the last 12 months - 02 Mostly Seed and Series B: 67% of its rounds - 03 Led 1 rounds ## What they do > Trust Ventures, backing founders building the future. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B - **Sectors:** Diversity African-american Women's - **Based in:** Austin, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **8 appearances** - **2026** 3 rounds - **Nov** **[Shackleton AI](https://millionrounds.com/company/shackleton-ai)** Seed · US · TechStartups **$5.0M** With 8 others - **Sept** **[Luzern Risk](https://millionrounds.com/company/luzern-risk)** Series B · US · Ventureburn **$45M** With 2 others - **Aug** **[Base Power](https://millionrounds.com/company/base-power)** Series D · US · TechCrunch **$1.0B** With 14 others - **2025** 3 rounds - **Oct** **[Base Power](https://millionrounds.com/company/base-power)** Series C · US · TechCrunch **$1.0B** With 11 others - **Jul** **[Synfini](https://millionrounds.com/company/synfini)** US · TechStartups **$8.9M** With 8 others - **Apr** **[Base Power](https://millionrounds.com/company/base-power)** Series B · US · Crunchbase News **$200M** With 7 others - **2019** 1 round - **Oct** **[Sana](https://millionrounds.com/company/sana)** Seed · US · Siliconhillsnews **$3.6M** *Led* - **2018** 1 round - **Nov** **[Opternative](https://millionrounds.com/company/opternative)** US · FinSMEs **$9.0M** With 1 other 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 registration **2 named** BP **Brian Peter Tochman** Managing Director i Filing they signed SM **Salen Michael Churi** Managing Director i Filing they signed We also hold **12** 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 **$781M** gross assets of its funds, 2 advisers combined Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Trustventures, LLC - **SEC number:** CRD 297276 New fund on file **$1.9M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$27M** the round, not its cheque Led 1 of 8 rounds **13%** - **Sole investor:** Never alone - **Last cheque:** Nov 2026 Rounds by stage said on their site - Seed said *2* - Series B said *2* - Series C *1* - Series D *1* - Pre-seed said *-* - Series A said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Addition](https://millionrounds.com/fund/addition) 3 - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 3 - [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 3 - [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) 3 - [Altimeter](https://millionrounds.com/fund/altimeter-capital) 2 - [CapitalG](https://millionrounds.com/fund/capitalg) 2 **Pitching Trust Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Trust Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Addition** Private equity **3** rounds together](https://millionrounds.com/fund/addition)[**Andreessen Horowitz** VC firm **3** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Lightspeed Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Valor Equity Partners** VC firm **3** rounds together](https://millionrounds.com/fund/valor-equity-partners)[**Altimeter** VC firm **2** rounds together](https://millionrounds.com/fund/altimeter-capital)[**CapitalG** Corporate VC **2** rounds together](https://millionrounds.com/fund/capitalg)[**Ribbit Capital** VC firm **2** rounds together](https://millionrounds.com/fund/ribbit-capital)[**Thrive Capital** Accelerator **2** rounds together](https://millionrounds.com/fund/thrive-capital) ## Recently backed The latest companies Trust Ventures put money into. [**Luzern Risk** $45M · Sept 2026](https://millionrounds.com/company/luzern-risk)[**Sana** $3.6M · Oct 2019](https://millionrounds.com/company/sana) ## On podcasts 1 episode naming Trust Ventures in the title, and 2 more that mention it. - [Sourcery](https://millionrounds.com/podcasts/sourcery) 8 Oct 2025 · 38 min Base Power Raises $1B led by Addition, with Trust Ventures, Valor Equity, Thrive, Lightspeed, a16z, Altimeter, Stepstone, Elad Gil Mentions [Addition](https://millionrounds.com/fund/addition)[Altimeter](https://millionrounds.com/fund/altimeter-capital)[Elad Gil](https://millionrounds.com/fund/elad-gil) *+5* Apple PodcastsShow page ### Mentioned in - [Sourcery](https://millionrounds.com/podcasts/sourcery) 3 Aug 2026 · 25 min Base Power Hits $13B Valuation on $1B Series D Apple PodcastsShow page - [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 1 Apr 2026 · 1h 28m Venture Roundtable: SpaceX IPO, AI's PR Crisis, and the Defense Tech Bubble | E2270 Apple PodcastsShow page ## Quick answers about Trust Ventures ### What does Trust Ventures invest in? Trust Ventures invests most often at Seed and Series B (67% of the rounds on record), in sectors such as Diversity, African-american and Women's. ### How active is Trust Ventures? 8 investments on record, 3 of them in the last 12 months, and it led 1. The most recent was in Nov 2026. ### What has Trust Ventures invested in recently? Its most recent investments on record: Shackleton AI (Seed, Nov 2026), Luzern Risk (Series B, Sept 2026) and Base Power (Series D, Aug 2026). ### How big are Trust Ventures's cheques? The median round it joins is $27M. ### Does Trust Ventures lead rounds? Sometimes: it led 1 of its 8 investments on record (13%). ### Where does Trust Ventures invest? Most of the companies it backs are in the United States (100%). ### Is Trust Ventures investing now? Yes: it is actively investing, with 3 investments in the last 12 months. ### Who does Trust Ventures invest alongside? Most often Addition (3 rounds together), Andreessen Horowitz (3 rounds together) and Lightspeed Venture Partners (3 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=trust-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=trust-ventures)