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True Ventures

Investor type Venture Capital
Founders John Burke Jon Callaghan Phil Black

Overview

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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.
Total investments 649
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 324
Rounds per year 38.18
Lead investments 144
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

Avidbots

Artificial Intelligence
Computer Vision
Hardware
Robotics
Sensor
Software
$70M27 Sep 2022 Kitchener, Ontario, Canada

Chameleon

Internet
Marketing Automation
SaaS
Software
$13M13 Sep 2022 San Francisco, California, United States

JusticeText

Audio
Software
Video
$2M06 Sep 2022 Irvine, California, United States

PROOF

Cryptocurrency
$50M30 Aug 2022 -

Fractyl Laboratories

Biotechnology
Health Care
Medical Device
Wellness
15 Aug 2022 Massachusetts, United States

Prellis Biologics

3D Printing
Biotechnology
Health Care
Medical
$35M10 Aug 2022 San Francisco, California, United States

Rill Data

$12M04 Aug 2022 San Francisco, California, United States

Aisera

Artificial Intelligence
Cloud Data Services
Information Technology
Internet
Sales Automation
Software
$90M03 Aug 2022 Palo Alto, California, United States

Holey Grail Donuts

Catering
Delivery
Food and Beverage
Outdoors
Restaurants
$9M26 Jul 2022 -
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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