True.
Venture capitalLondon · Pre-Seed–Growth · 31 people tracked
Also known as TRUE CAPITAL LTD
Investment thesis
True positions itself as a partner to consumer-focused companies and brands, aiming for commercial success built responsibly. Beyond capital, the firm emphasizes adding value to founders and businesses across the consumer world, creating collaborations between large incumbents and emerging innovators, and driving knowledge sharing and innovation. It works with companies that shape consumers' lives and open new opportunities globally, describing itself as ambitious with goals that extend beyond profit.
Source: firm website, verified Aug 25, 2026.
Team · 31 people
from the firm's website & curatedWhat they invest in
from 30 of 71 portfolio companiesConsumer ×13Direct to Consumer ×10E-commerce ×9Retail Tech ×7AI & Machine Learning ×5Circular Economy ×5SaaS ×5HR Tech ×4
HQs:United Kingdom×9United States×5Canada×1
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×92 founders×33 founders×2
Investments · 71 tracked
founders shown can be your intro pathSourcing, design and distribution of branded clothing and accessories.
Technical, seasonless, sustainable wardrobe staples
Co-investorsCowboy VenturesElizabeth Street VenturesSoGal Ventures
Designer and luxury kidswear platform.
Arpalus provides computer vision software that enables brands and retailers to capture, measure, and analyze physical shelf data in real-time through a mobile app.
AI & Machine LearningData & InfrastructureRetail Tech
Co-investorsLeadX Capital PartnersNielsen Innovate
Awe Inspired designs and sells handcrafted jewelry, including necklaces and pendants themed around goddesses and symbols of strength, marketed to women.
ConsumerDirect to ConsumerE-commerce
Jill Johnson(Founder)
Co-investorsCircadian Ventures
Beeline makes compact GPS navigation devices (Moto II and Velo 2) and a companion app offering turn-by-turn directions, speed, and ride tracking for motorcyclists and cyclists.
ConsumerHardwareMobility & Transportation
Mark(Co-founder)Tom Putnam(Founder)in
Co-investorsEarlymarketBain Capital
Vegan, cruelty-free DIY hair dye and haircare brand with salons in UK and US.
Co-investorsPoint King Capital
Boy Smells is a queer-owned fragrance house that develops perfumes and scented candles designed to be gender-free and expressive of individual identity.
ConsumerDirect to ConsumerE-commerceNew York, US
Virtual reality, v-commerce and metaverse shopping experiences.
App and tools for the strength/lifting community ('Strava for Strength').
Social shopping platform enabling real-time consultation with friends and family.
New York City, US
Eyal Sinai(Founder)
Co-investorsFab Co-Creation Studio VenturesigniteXL Venture
By Rotation is a fashion rental platform that allows consumers to rent designer clothing and lend or monetize their own wardrobes.
Circular EconomyConsumerMarketplaces
Co-investorsCornerstone VCRedrice VenturesSie Ventures
Platform for travellers to sublet properties to one another.
B2B food delivery marketplace for corporate catering; acquired by Just Eat.
Co-investors83NorthOctopus VenturesQVentures
Sustainable paint company simplifying paint testing and use.
Premium DTC homeware brand offering sustainable artisan dinnerware.
Fertifa provides reproductive healthcare benefits for employees, including fertility treatment, menopause support, women's health, men's health, maternity care, and neurodiversity support delivered by an in-house clinical team.
Digital HealthFemTechHealthtechHR TechLondon, GB
Co-investorsCalm/Storm VCNotion Capital
London-based personal hygiene company (previously Planera) making flushable, biodegradable sanitary products.
German Doner Kebab is a fast-food restaurant chain serving made-to-order kebabs with lean meats, handmade waffle breads, fresh vegetables, and in-house sauces.
Consumer
Independent coastal-inspired skincare company based in Margate, UK.
Hoxton.ai provides AI-powered overhead sensors, feedback terminals, and analytics dashboards that count visitors, measure in-store conversion, monitor occupancy, and capture spoken visitor feedback.
AI & Machine LearningHardwareRetail Tech
Co-investorsOxfordOxford Investment Opportunity Network (OION)
Huboo provides end-to-end eCommerce fulfillment services including storage, picking, packing, shipping, and returns for online retailers.
E-commerceLogistics & Supply Chain
Co-investorsEpisode1Ada Ventures
Hullabalook provides software for online retailers that personalizes the shopping experience and measures performance.
AI & Machine LearningE-commerceRetail TechSaaSUK, GB
Barny Darby(Founder)in
Co-investorsNauta CapitalPassion CapitalPlayfair Capital
Digital-first laid-back fashion business.
IndieWild is a direct-to-consumer beauty brand that sells hair care, skincare, and fragrance products including shampoos, conditioners, scalp serums, lip treatments, and perfume mists.
ConsumerDirect to ConsumerWellness & Fitness
Co-investorsSoGal Ventures
Beauty brand for the South Asian community.
AI-powered app helping solopreneurs manage websites, bookings and payments.
AI-powered UK property search platform using LLMs to summarise listings.
Localistico is a local marketing and analytics platform that helps brick-and-mortar businesses get discovered by customers through search engines, maps, and AI assistants, while managing their online presence and reputation at scale.
AI & Machine LearningMarketing TechRetail Tech
Co-investorsFrontline VenturesSeedRocketAscension Ventures
LoveCrafts is an online marketplace and store for crafting supplies, selling knitting and crochet yarn from brands like Lion Brand, Rowan and Paintbox, along with fabrics, cross stitch kits, embroidery supplies and tools.
ConsumerE-commerceMarketplaces
Co-investorsBalderton CapitalHighland Europe
Maude is a sexual wellness company that designs and sells body-safe intimacy and personal care products, guided by a medical advisory board.
ConsumerDirect to ConsumerWellness & FitnessBrooklyn, US
Éva Goicochea(Founder)inDakota Johnson(Investor & Co-Creative Director)Dina Epstein(Executive Officer, Director)Eva Iliana Yazmin Cantu(Executive Officer, Director)
Co-investorsCoyote VenturesNew Theory VenturesOutbound VenturesPortfoliaTrue Beauty VenturesVU Venture Partners
Online socialising platform for over-55s.
MishiPay provides a modular, cloud-native point-of-sale platform with mobile self-checkout, "scan, pay & leave," RFID-based checkout, and flexible payment options for retailers.
FintechRetail TechSaaS
Co-investorsCommerce VenturesGruppo BertoldiNauta CapitalUnited VenturesEuropean Investment Fund
Moonsift offers a shopping assistant that uses AI to analyze products across many online retailers, letting shoppers collect and compare items from different stores in a single place.
ConsumerRetail TechLondon, GB
Alex Reed(CEO)inDavid Wood(CTO)in
Co-investorsDraper AssociatesEntrepreneur First
Namely is a cloud-based HR platform that combines HRIS, payroll, benefits administration, and talent management for mid-market companies.
Enterprise SoftwareHR TechSaaSNew York, US
Matthew Straznitskas(Executive Officer, Director)
BoardAdam D'Augelli(Director)inDavid Skok(Director)in
Co-investorsNotable CapitalScale Venture PartnersSequoia CapitalTrue VenturesBullpen CapitalGolub Growth+6 more
Technology driving people back into local high street shops.
Online community connecting women across fertility, pregnancy, motherhood and menopause.
AI-native social operating system converting social audiences into customers.
Placed operates a job-matching platform that connects candidates with employers in the service and hospitality industry, aiming to replace traditional recruitment methods like job boards and recruiters.
Future of WorkHR TechMarketplacesLondon, GB
Jennifer Johansson(Founder & CEO)inRoderick McKeown(COO)Miroslav Bazitov(CTO)
Co-investorsBlackfinch VenturesPraetura Ventures
Performance bike and e-bike brand.
Digital staff scheduling software.
Serious Pig makes a range of natural-ingredient pub snacks, including snacking cheese and gift hampers, sold direct to consumers and via wholesale accounts to retailers.
Direct to ConsumerE-commerceFoodTech
George(Founder)
Shameless Pets makes soft, chewy dog treats formulated with real beef and upcycled ingredients like sweet potatoes, free from grain, corn, and soy.
Circular EconomyConsumerDirect to ConsumerFoodTech
Co-investorsBoro CapitalOcampo CapitalR/GA VenturesSpiral Sun VenturesValor Equity Partners
Shellworks develops VIVOMER, a compostable material made by collaborating with microorganisms that produce natural polymers, designed to perform like plastic but break down without leaving waste.
BiotechCircular EconomyClimate TechNew MaterialsLondon
Insiya Jafferjee(Co-founder)inAmir Afshar(Co-founder)Edward Jones(Director)
BoardFelix Mounier(Director)
Co-investorsEnvestorsFounder CollectiveSie Ventures
Provides expansion capital to hospitality businesses repaid via a consumer rewards platform.
Healthier, zero-sugar energy drink sold mainly as a powdered formula.
Healthy food and beverage business.
Spirable is a sport-focused media activation platform that helps advertisers connect with sports fans through targeted advertising and broadcast solutions.
AdTechMarketing TechMedia & EntertainmentSports Tech
Ger O'Meara(Founder)in
Co-investors24 HaymarketFrontline VenturesSmedvig Capital
Premium omni-channel 'whole of home' furniture retailer.
Computer vision company using CCTV to detect in-store behaviour and theft.
A company True has supported since early on, marking its 10th anniversary.
Unmind provides a mental health care platform for organizations, combining therapy, coaching, manager training, and learning tools to support employee wellbeing and prevent mental health crises.
Enterprise SoftwareHR TechMental HealthSaaS
Steve Peralta(Co-founder)Nick Taylor(Founder)in
Co-investorsAnthemis VentureEntropy Industrial CapitalFELIX CAPITALProject A VenturesSapphire Ventures
Vitl creates personalized nutritional supplements using smart technology and scientific research, tailored to individual customer needs.
Direct to ConsumerHealthtechWellness & Fitness
Jonathan Ralph(Founder and CEO)
Co-investorsChannel 4 VenturesRedbus VenturesSamos Investments
Make-up brand for men, founded 2018.
Zwift is an indoor cycling and training app that connects to smart trainers and dedicated smart bikes, letting cyclists ride, train, and compete virtually with others.
GamingHardwareSports Tech
Co-investorsCauseway PartnersHighland EuropeHiro CapitalPale Fire CapitalShasta Ventures
Exits · 4
IPOs and acquisitions across the tracked portfolioAlexandAlexaacq. by Baby ShopFrugiacq. by Refined BrandsMirthyacq. by Rest LessRotareadyacq. by The Access Group
Portfolio news
latest coverage across their companies
Zwift · zwiftinsider.com · Aug 19, 2026

Beeline · stocktitan.net · Aug 14, 2026
Unmind · mobihealthnews.com · Sep 12, 2025
MishiPay · mishipay.com · Sep 11, 2025
Localistico · marsbased.com · Mar 25, 2025
Frequently asked questions
- How many investments has True. made?
- True. has 70 tracked investments, 4 of which have exited via acquisition or IPO.
- What stage does True. invest at?
- True. invests at the Pre-Seed, Seed, Series A, Growth stages.
- What is True.'s typical check size?
- True. typically writes checks of $190M.
- What sectors does True. focus on?
- True. focuses on Consumer, E-commerce, Retail Tech.
- Where is True. located?
- True. is headquartered in London, GB.
- Who does True. co-invest with?
- True. most often shares deals with Frontline Ventures, Highland Europe, Nauta Capital, among 58 tracked co-investors.
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