True Ventures

True Ventures is a prominent venture capital firm based in Palo Alto, California, known for its deep commitment to early-stage technology startups. Established with a distinct "founder-first" philosophy, the firm seeks to partner with visionary entrepreneurs from the earliest stages of their company's lifecycle, often at the seed and Series A rounds. Their approach extends beyond capital, emphasizing long-term relationships and providing robust operational support to help founders navigate the challenges of building a successful business.

The firm's investment strategy is characterized by a hands-on, supportive model, fostering an extensive "True Founder Network" that connects portfolio companies with a vast ecosystem of mentors, advisors, and peers. This network is a cornerstone of their value proposition, aiming to accelerate growth and mitigate risks for their startups. True Ventures has a long-standing track record, having been active in the venture landscape for over 18 years, consistently identifying and nurturing disruptive technologies across various sectors.

True Ventures demonstrates significant financial capacity, having recently closed substantial funds to continue its investment activities. In 2023, the firm announced the closing of True Ventures Fund VIII at $675 million, alongside True Ventures Select Fund V at $300 million, underscoring their robust capital base for new investments and follow-on rounds. Typically, True Ventures provides initial checks ranging from $1 million to $10 million, with ample reserves for subsequent funding rounds as companies scale. Their impressive portfolio includes successful companies like Peloton, Fitbit, and Sweetgreen, showcasing their ability to back companies that achieve significant market impact and generate substantial returns.