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True Ventures

Founders John Burke Jon Callaghan Phil Black

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 744
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 373
Rounds per year 39.16
Lead investments 162
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.50
Exits 89
Key employees 12
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • Internet
  • SaaS
  • Enterprise Software
Summary

True Ventures appeared to be the VC, which was created in 2006. The main office of represented VC is situated in the Palo Alto. The fund was located in North America if to be more exact in United States.

This organization was formed by John Burke, Jon Callaghan, Phil Black, Toni Schneider, Tony Conrad. Besides them, we counted 12 critical employees of this fund in our database.

The typical startup value when the investment from True Ventures is 500 millions - 1 billion dollars. The top amount of exits for fund were in 2018. Comparing to the other companies, this True Ventures performs on 12 percentage points less the average number of lead investments. The fund is generally included in 25-48 deals every year. The top activity for fund was in 2014. Despite it in 2019 the fund had an activity. Speaking about the real fund results, this VC is 14 percentage points more often commits exit comparing to other organizations. Deals in the range of 10 - 50 millions dollars are the general things for fund.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. We can highlight the next thriving fund investment areas, such as Internet, Hardware. The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Duo Security, OpenDoor Labs, HashiCorp.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the True Ventures, startups are often financed by First Round Capital, Felicis Ventures, Uncork Capital. The meaningful sponsors for the fund in investment in the same round are Lowercase Capital, Index Ventures, Greylock Partners. In the next rounds fund is usually obtained by TDF Ventures, Sequoia Capital, Norwest Venture Partners.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of True Ventures:
Typical Co-investors
True Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after True Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Bluesky

Social Media
Software
24 Oct 2024 Seattle, Washington, United States

SuppCo

Fitness
Health Care
Personal Health
17 Oct 2024 New York, New York, United States

RadiantGraph

Health Diagnostics
Medical Device
10 Oct 2024 San Francisco, California, United States

Basecamp Research

Bioinformatics
Biometrics
Biotechnology
Sustainability
Waste Management
09 Oct 2024 London, England, United Kingdom

Vectorize

Information Technology
SaaS
08 Oct 2024 Dover, Delaware, United States

Feno

Health Care
$6M25 Sep 2024 Culver City, California, United States

Parry Labs

Government
GovTech
Information Technology
National Security
Software
$80M28 Aug 2024 Alexandria, Virginia, United States

Smashing

$3M25 Jun 2024 San Francisco, California, United States

Daydream

$50M20 Jun 2024 San Francisco, California, United States
News
Fauna Bio Raises $9M in Seed Funding

– Fauna Bio is an Emeryville, California-based biotechnology company leveraging animal genomics to improve human health.
– The company raised $9m in Seed funding.
– The round was led by LifeForce Capital with participation from True Ventures, Boom Capital, Pacific 8 Ventures, BioMed Ventures, Vibe Capital and Arcadia Science.
– The new investment will be used to expand its drug discovery platform Convergence while accelerating the discovery of new therapeutic targets for human diseases across a broad range of indications.

Infrastructure access platform StrongDM raises $54M

– StrongDM has raised $54m in a series B round led by Tiger Global, with participation from GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta, and Godfrey Sullivan.
– The proceeds will be put toward supporting “all parts” of StrongDM’s go-to-market strategy over the coming months.
– StrongDM’s solution is a tool that manages and audits access to servers, databases, datacenters, and more.
– The Burlingame, California-based company combines authentication, authorization, networking, and observability into one service, delivering infrastructure access controls across legacy and multicloud environments.
– StrongDM was founded by Zalman, Schuyler Brown, and Justin McCarthy in 2015.

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Total investments 744
Average round size 15M
Rounds per year 39.16
Peak activity year 2021
Lead investments 162
Follow on index 0.50
Exits 89
Group Appearance index 0.88

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Bluesky

Social Media
Software
24 Oct 2024 Seattle, Washington, United States

SuppCo

Fitness
Health Care
Personal Health
17 Oct 2024 New York, New York, United States

RadiantGraph

Health Diagnostics
Medical Device
10 Oct 2024 San Francisco, California, United States

Basecamp Research

Bioinformatics
Biometrics
Biotechnology
Sustainability
Waste Management
09 Oct 2024 London, England, United Kingdom

Vectorize

Information Technology
SaaS
08 Oct 2024 Dover, Delaware, United States

Feno

Health Care
$6M25 Sep 2024 Culver City, California, United States

Parry Labs

Government
GovTech
Information Technology
National Security
Software
$80M28 Aug 2024 Alexandria, Virginia, United States

Smashing

$3M25 Jun 2024 San Francisco, California, United States

Daydream

$50M20 Jun 2024 San Francisco, California, United States
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