True Ventures

Founded 2005
Founders John Burke Jon Callaghan Phil Black

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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 571
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 290
Rounds per year 35.69
Lead investments 134
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.40
Exits 83
Key employees 12
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • Enterprise Software
  • Internet
  • SaaS
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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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

NoRedInk

Consumer
E-Learning
Education
1
$50M24 Aug 2021 United States, San Francisco

InterVenn

Biotechnology
Life Science
1
$201M02 Aug 2021 United States, South San Francisco

Modern Animal

Animal Feed
Health Care
Medical
Veterinary
1
$35M30 Jul 2021 United States, Los Angeles

Deep Genomics

Artificial Intelligence
Biotechnology
Genetics
Therapeutics
1
$180M28 Jul 2021 Canada, Old Toronto

Deduce

Big Data
Cyber Security
Fraud Detection
Predictive Analytics
1
$10M24 Jun 2021 United States, New York

Seurat Technologies

Laser
Manufacturing
Robotics
1
$41M22 Jun 2021 United States, Mountain View

Scythe Robotics

Artificial Intelligence
Information Technology
Robotics
Software
1
$13M15 Jun 2021 United States, " United States"}

Framework

Fitness
Health Care
Wellness
1
$3M11 Jun 2021 United States, New York

Iterative.ai

Artificial Intelligence
Cloud Data Services
Data Integration
Machine Learning
1
$20M02 Jun 2021 United States, San Francisco
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... Read more
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 observabi... Read more

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