What stage does True Ventures invest at?

True Ventures invests at the Pre-Seed, Seed stages.

What is True Ventures's typical check size?

True Ventures typically writes checks of $500K – $3M.

What sectors does True Ventures focus on?

True Ventures focuses on Consumer, IoT, Sector Agnostic.

Where is True Ventures located?

True Ventures is headquartered in San Francisco, US.

Does True Ventures lead rounds?

Yes, True Ventures leads investment rounds.

True Ventures

Venture capitalActively deploying

San Francisco · Pre-Seed–Seed · 50 people tracked

Also known as TRUE VENTURE MANAGEMENT, L.L.C.

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Investment thesis

True Ventures positions itself as an early-stage investor that backs founders from the very beginning, writing the first check and continuing to support companies through every subsequent chapter of their growth. Over two decades the firm has committed $3.8B in capital, backing more than 500 companies and over 1,050 founders, with a notable share of returning founders building again with True. The firm emphasizes a long-term, founder-centric partnership model.

Invests inConsumer IoT Sector AgnosticGlobalSan Francisco

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Seed

Check

$500K – $3M

San Francisco, CA, US

Leads rounds

Leads

Instruments

Equity

Founded

2005

AUM

$3.8B

VC funds

Tracked investments

145

Team · 50 people

from the firm's website & public directories

Adam D'Augelli· Partner· San Francisco, Californiain 𝕏

Adam joined True Ventures in 2010 as an analyst after earning a bachelor's degree in science and a master's degree in finance from the University of Florida. He has led investments in companies including Splice, Pendulum Therapeutics, Deep Genomics, and Kettle, and previously backed HashiCorp, TripleLift, Ring, Runscope, and Moleculo. He serves on the NVCA's Board of Directors.

Adam D’Augelli· Partnerin 𝕏

Adam D’Augelli is a partner at True Ventures, an early-stage venture capital firm he joined as an analyst in 2010. He graduated magna cum laude from the University of Florida with a bachelor's degree in science and a master's degree in finance. He serves on the NVCA's Board of Directors.

a•••@trueventures.comreveal

Jeff Veen· Partner· London, United Kingdomin 𝕏

Jeff Veen is a designer and investor whose career spans early web media, design consulting, and product leadership. He was part of the founding web team at Wired Magazine, helped launch HotWired and related sites, and authored two books on web design. He later co-founded the user experience consultancy Adaptive Path, led Measure Map (acquired by Google), and designed Google Analytics while leading UX for Google's apps. He co-founded and ran Typekit as CEO before it was acquired by Adobe, where he became VP of Design. He is currently a Design Partner and Head of Platform at True Ventures, and advises companies such as about.me, Medium, and WordPress.

Jon Callaghan· Managing Partner· Palo Alto, CAin 𝕏

Jon Callaghan is a co-founder of True Ventures, an early-stage venture capital firm. He has worked in venture capital since 1991 and has founded three companies over his career. His investment focus centers on early-stage companies in the internet, device, and mobile markets. He serves as Chairman of the NVCA, reflecting his interest in advocating for the entrepreneurial economy in Washington.

j•••@trueventures.comreveal

Keerthi Nalabotu· AI Builder in Residence· East Bay, Californiain

Keerthi joined True Ventures in 2026 as its first AI builder in residence, focused on building AI workflows, automations, and tools to support the investment team. A recent UC San Diego graduate, she previously led the builder community at UCSD, organizing hackathons and demo days.

Kevin Rose· Partner· Portland, Oregonin 𝕏

Kevin Rose publishes a Substack newsletter covering emerging AI and tech trends, finance, health, minimal living, philosophy, and Zen practice. The newsletter has over 124,000 subscribers. The available page is limited to the newsletter subscription landing, offering little further biographical detail.

k•••@trueventures.comreveal

Mike Montano· Partner· Santa Barbara / San Franciscoin 𝕏

Mike Montano is a partner at True Ventures and the former founder of BackType, a social media analytics company acquired by Twitter in 2011. After the acquisition he spent over a decade at Twitter scaling its engineering organization, most recently as head of engineering, and now advises startups on product, technology, and team building.

Om Malik· Partner· San Franciscoin 𝕏

Om Malik is a San Francisco-based writer, photographer, and investor who has spent three decades in Silicon Valley as a journalist, entrepreneur, and venture capitalist. He founded the technology blog GigaOm in 2001 and, with seed funding from True Ventures, grew it into a media company and research firm, having earlier held editorial roles at Business 2.0, Forbes.com, Red Herring, and Quick Nikkei News. In 2008, following a major heart attack, he became a venture partner at True Ventures, became a full-time partner in 2014, and has since transitioned to partner emeritus, focusing on technology-trend prediction. He writes about technology, photography, and life on his personal site and is an amateur photographer and Leica enthusiast.

o•••@trueventures.comreveal

Puneet Agarwal· Managing Partner· Palo Alto, Californiain 𝕏

Managing partner at True Ventures who joined the firm in 2008, focusing on enterprise infrastructure and applications being reinvented by AI. Previously worked at CrossWorlds Software, J.P. Morgan, Mayfield Fund, BEA Systems, and Geodesic Systems, and holds bachelor's and master's degrees in industrial engineering from Stanford.

p•••@trueventures.comreveal

Rohit Sharma· Partner· Palo Alto, Californiain 𝕏

An engineer by training, Rohit Sharma co-founded and served as CTO of ONI Systems (later acquired by Ciena, where he was SVP and CTO of the Metro Networks Group). At True Ventures he focuses on innovation and technology, particularly GenAI, and supports founders on organizational design, personal growth, and company culture.

r•••@trueventures.comreveal

Soul Dayan· Associate· Winston-Salem, North Carolinain 𝕏

Soul Dayan joined True Ventures as an associate in 2024 after participating in the True Ventures Fellowship, where he supported marketing at portfolio company Holey Grail Donuts. He previously worked with the Venture Capital Investment Competition and as a social media intern, and graduated from UNC Chapel Hill as a Morehead-Cain Scholar.

Toni Schneider· Partner· San Franciscoin 𝕏

Toni Schneider began his career writing software, including NASA-commissioned 3D audio technology, before moving into building and leading companies as a CEO and co-founder. He was the founding CEO of Automattic, the company behind WordPress.com and WooCommerce, which he led from 2006 to 2014 as it grew to power a large share of the web. For the past decade he has been a partner at True Ventures, investing in seed-stage startups, and in 2025 he became CEO of Bluesky, the company behind the AT Protocol and the decentralized Atmosphere ecosystem. Earlier roles included VP of the Yahoo! Developer Network and CEO of Oddpost, a webmail startup acquired by Yahoo!.

t•••@toni.orgreveal

Tony Conrad· Partner· San Francisco, Californiain 𝕏

Tony Conrad is a partner at True Ventures who founded about.me and Sphere, both acquired by AOL, bringing founder and startup leadership experience. Earlier he spent a decade abroad with Groupe Danone working on brand extension via M&A across North America, Europe, and Southeast Asia.

t•••@trueventures.comreveal

Zina Bash· Partner· United Statesin

Ariel Winton· Principal· Boston, Massachusettsin 𝕏

Fiona McCarthy· Principal· New York Cityin 𝕏

Amy Errett· Venture Partnerin 𝕏

Amy Errett is a venture partner at True focused on consumer and ecommerce startups. She is the founding CEO of beauty brand Madison Reed and previously led Maveron's San Francisco Bay Area office; she holds an MBA from Wharton and a BA from the University of Connecticut.

Ann Weiss· Venture Partner· Palo Alto, Californiain 𝕏

Venture partner at True Ventures and a serial entrepreneur who founded two startups both backed by the firm, with a focus on early-stage consumer, mobile, and IoT companies. She is CEO and co-founder of Hatch (sleep products) and previously founded Maya's Mom (acquired by Johnson & Johnson) and held roles at Yahoo and BabyCenter.

a•••@trueventures.comreveal

Dave Balter· Venture Partnerin 𝕏

Venture partner at True Ventures and co-founding CEO of True portfolio company Flipside Crypto. A repeat True founder, he previously built Mylestone, Smarterer (acquired by Pluralsight in 2014), and BzzAgent (acquired by Tesco in 2010), and led M&A roles and fund development at Pluralsight and dunnhumby; he is also an angel investor and author.

Helen Min· Venture Partner· Buffalo, New York (born and raised)in 𝕏

Helen Min is an early-stage investor who also advises startups on building and scaling their marketing functions. She began her career in advertising before spending 14 years leading marketing teams at product-first companies including Facebook, Dropbox, Quora, Plaid, and AngelList. Today she focuses on working with technical founders who lean on product-driven growth, and she writes essays about establishing a marketing function from scratch. She was born and raised in Buffalo, New York.

Shan Reddy· Venture Partner· Las Vegas, Nevadain 𝕏

Venture partner at True Ventures focused on seed-stage crypto and software companies, especially those advancing AI/ML. He joined in 2023 via the True Ventures Fellowship after working at web3 analytics platform Flipside Crypto, and was an early hire at coffee startup Cometeer where he built its e-commerce suite. He holds a symbolic systems degree from Stanford, concentrating on human-centered AI.

Amanda Mannin

Brooke Van Natta

Carrie Wadsworth

Christiaan Vorkink· Vice President· San Francisco, Californiain 𝕏

c•••@trueventures.comreveal

Emily Fabian· Office Manager· San Francisco

Emily Fabian joined True Ventures as office manager in 2025, supporting the San Francisco office with operations and process improvement. She previously held business development roles at Salesforce, Scale AI, and DocuSign, and launched the HOT 8 YOGA Marina studio in San Francisco.

Emily Rabbittin

Graham Hays· Human Resources Manager· Californiain

Graham Hays leads HR at True Ventures, focusing on team growth and supporting the firm's globally dispersed staff. He previously worked as an employee benefits and HR consultant and underwriter at insurance brokerage NFP, and holds a business management and HR degree from Penn State University.

Gus Coldebella

Jim Stewart

John O'Connell· Analyst· San Francisco Bay Areain 𝕏

Joyce Bremer· Executive Assistantin

Joyce Bremer joined True Ventures as an executive assistant in 2015, bringing over 20 years of experience with startups, pre-IPO, and public companies across biotech, pharmaceutical, medical device, and legal industries. She previously served as director of operations and program management at Vaniam Group, LLC.

Julie Walker· Program Manager, True Platform· San Franciscoin 𝕏

Julie Walker is a program manager on the True Platform team, running the True Ventures Fellowship that connects college students with portfolio companies and organizing founder events and brand experiences. She has over 20 years of experience across recruitment, logistics, business consulting, and administration, and studied business logistics at SF State University.

Kyndel Sidore

Lars Nilsson

Laura Vrcek· Director of Content Strategy· Bay Areain 𝕏

Laura leads content strategy and production for True Ventures, including the True Newsletter, and works with the platform team on the founder community experience. She previously worked in content strategy for ecommerce startups and ran her own developmental editing consultancy, and holds an MFA in creative writing from Chatham University.

Lauren Oesterle

Lina Bhula· Controller· San Franciscoin

Lina Bhula joined True Ventures' finance team in 2015 as controller, overseeing portfolio investments and investor reporting. She previously worked in Ernst & Young's San Francisco Assurance practice and holds a degree in economics and accounting from UC Santa Barbara.

Madeline Minshew· Head of Platform· San Franciscoin 𝕏

Madeline leads True's founder success efforts, building programs, relationships, and infrastructure to support portfolio founders. She previously was VP of People and Talent at Handshake and held operations roles at Cadre, Tumblr, and Google.

Melissa Bodensieck· Executive Assistant· Bostonin

Melissa joined True Ventures in 2024 as an executive assistant supporting several partners. She previously spent a decade supporting leadership teams at venture-backed companies including Fuze, Poloniex, and Circle.

Molly Diiorio· General Counsel· Los Angelesin

General Counsel at True, overseeing deal execution, fund formation, and legal review across the portfolio. Previously corporate counsel at Zendesk and an attorney at Ropes & Gray, with a JD from UC Berkeley School of Law.

Natasha Sharma· Senior Associate· San Francisco Bay Areain 𝕏

Natasha Sharma is a principal at True Ventures who joined the investment team in 2017, having first connected with the firm through portfolio company Helpshift. She grew up in the Bay Area and is active with All Raise and Female Funders.

Nathan Yamamotoin

Phil Black· Investor· San Francisco Bay Areain 𝕏

Philip Black co-founded an early institutional seed fund, backed Fitbit, Peloton and Automattic at earliest stages, maps companies across four risk categories, and coaches founders on reversible versus irreversible decisions.

p•••@trueventures.comreveal

Priscilla Tyler· Vice President· San Francisco Bay Areain 𝕏

Known as "PT," she leads founder-support initiatives at True and funds climate technologies, driving the Follow-On Fundraising Support Program and advising portfolio companies on sustainability. She joined True in 2015 as the first Priya Haji Fellow and holds a degree in economics and French from Amherst College.

Rachel Curtis· Fund Accounting Managerin

Rachel is True Ventures' fund accounting manager, joining in 2022 after five and a half years at Deloitte Tax serving private equity and venture capital clients. She holds master's and bachelor's degrees in accounting from Brigham Young University.

Sahiti Enjeti· Analyst· New York, New Yorkin 𝕏

Stephanie Duran· Fund Accounting Manager· San Jose, Californiain

Stephanie Duran is fund accounting manager at True Ventures, having joined the firm in 2016 as part of the finance team. She previously worked as a staff accountant at a San Jose real estate development firm and holds a degree in economics and accounting from UC Santa Barbara.

Sydney Eberhardt· Operations/Community Support· San Franciscoin

Sydney supports partners Kevin Rose and Mike Montano and welcomes founders and their teams at True Ventures' San Francisco office. She previously worked with the executive team at healthcare platform PlushCare and at event ticketing platform Lyte.

Ulrike Kellmereit· CFO· San Franciscoin

Ulrike (Uli) Kellmereit is CFO of True Ventures, overseeing firm operations including financial reporting, investment execution, and investor relations. She joined True in 2011 after beginning her career at Ernst & Young in Berlin and San Francisco, and holds master's degrees from Humboldt University of Berlin and the University of Texas at Austin.

What they invest in

from 91 of 145 portfolio companies

AI & Machine Learning ×33Enterprise Software ×28SaaS ×25Developer Tools ×16Consumer ×15Healthtech ×13Data & Infrastructure ×12Wellness & Fitness ×11

HQs:United States×70Canada×2Mexico×2Germany×1Finland×1Nigeria×1

Investments · 145 tracked

founders shown can be your intro path

Namelynamely.comin 𝕏✓ verified

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)David Skok(Director)

Board seatAdam D’Augelli· per SEC Form D

Aiseraaisera.comin 𝕏✓ verified

Aisera develops agentic AI systems for enterprises that proactively anticipate needs and solve repetitive tasks, freeing teams to focus on strategic decisions and complex problem-solving.

AI & Machine LearningEnterprise SoftwareSaaSSanta Clara, US

Abhi Maheshwari(Chief Executive Officer)Jared Lucas(Chief People Officer)inDejan Deklich(Chief Development Officer)Rahul Guha(VP of Product Management)inUtkarsh Contractor(Field Chief Technology Officer)inBen Lu(Chief Financial Officer)in

Chameleonchameleon.ioin✓ verified

Chameleon builds no-code software that personalizes user experience within products by adapting to individual user journeys.

AI & Machine LearningDeveloper ToolsMarketing TechSaaSVancouver, CA

Pulkit AgrawalinBrian Nortonin

Current Surgicalcurrentsurgical.comin 𝕏✓ verified

Current Surgical develops a smart needle technology platform for surgical treatment of cancerous tumors.

Deep TechHealthtechMedical DevicesWashington, US

Endelendel.ioin 𝕏✓ verified

Endel is an AI-powered sound wellness company that generates personalized, adaptive soundscapes to help users focus, relax, and sleep based on inputs like movement, time of day, weather, and heart rate.

AI & Machine LearningConsumerWellness & FitnessBerlin, DE

Gathergatherhq.com✓ verified

Gather is a content platform that helps marketing teams create primary-research-backed content designed to rank in answer engines and generative search results.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSan Francisco, US

Mayank Mehta(CEO)Anand(CTO)

Modernemoderne.ioin 𝕏✓ verified

Moderne provides a unified source of truth for enterprise codebases, enabling teams to query and manage code across portfolios ranging from single repositories to 100,000 codebases.

AI & Machine LearningDeveloper ToolsEnterprise Software

Rise Sciencerisescience.comin✓ verified

Rise Science develops RISE, a mobile app that tracks sleep and energy levels while providing personalized recommendations based on sleep debt and circadian rhythm science.

ConsumerHealthtechWellness & Fitness

Jeff Kahn(Co-founder)Leon Sasson(Co-founder)

Solosolo.ioin 𝕏✓ verified

Solo.io provides cloud connectivity solutions that help organizations secure, observe, and control their cloud environments.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise Software

Tenkaratenkara.aiin 𝕏✓ verified

Tenkara provides operations management software for manufacturers, offering visibility and automation for supplier coordination, freight management, pricing, ERP data, and compliance documentation.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS

Ben Stern(CEO)

Thebiblechatthebiblechat.com𝕏✓ verified

An educational content platform that publishes curated Bible verses and spiritual guidance, with a complementary mobile app that provides biblical teachings and daily devotional content.

AI & Machine LearningEdTechMedia & EntertainmentMental HealthSocialWellness & Fitness

Laurentiu Balasa(Co-founder)inMarius Iordache(Co-founder)in

Veniamveniam.comin 𝕏✓ verified

Veniam builds intelligent networking software deployed in telematics devices and connected vehicles, enabling businesses to collect and process data for artificial intelligence applications.

AI & Machine LearningCloud ComputingIoTMobility & TransportationSaaS

João BarrosinRobin Chase(CEO)Roy Russell(CTO)Susana Sargento

Veza Technologies Inc.veza.comin 𝕏✓ verified

Veza provides identity security solutions that help organizations securely adopt and manage cloud data systems.

Cloud ComputingCybersecurityEnterprise SoftwareSaaS

Apex Neuro Holdings, Inc.SEC filingmedium confidence

Brooklyn, US

Zen Chu(Director)Lis Rhodes(Executive Officer)Robert Nelsen(Director)Adam D'Augelli(Director)Francois Kress(Executive Officer, Director)

Board seatAdam D’Augelli· per SEC Form D · $20M raise · filed Nov 2019

Ati Motorsatimotors.comin 𝕏SEC filingmedium confidence

Ati Robotics develops autonomous mobile robots (AMRs) for industrial facilities with demanding material movement requirements.

Advanced ManufacturingIoTRoboticsRochester Hills, US

Saurabh Chandra(Executive Officer, Director)Nihar Ranjan(Director)

BoardChinnugounder Senthilkumar(Director)Arpit Agarwal(Director)

Board seatRohit Sharma· per SEC Form D · $20M raise · filed Jan 2025

By Fitbitfitbit.com

Fitbit designs and develops wearable fitness tracking devices and associated software that monitor health metrics and physical activity.

HardwareHealthtechWellness & FitnessSan Francisco, US

Andy Missan(Executive Officer)Jonathan Callaghan(Director)James Park(Executive Officer, Director)William Zerella(Executive Officer)Christopher Paisley(Director)Timothy Roberts(Executive Officer)

Board seatJonathan Callaghan· per SEC Form D

content-imagevacatia.com𝕏SEC filingmedium confidence

San Francisco, US

Caroline Shin(Executive Officer, Director)Noah Doyle(Director)Steven Muldowney(Executive Officer)Keith Cox(Director)Amy Errett(Director)Robert Spottswood(Director)

Board seatAmy Errett· per SEC Form D · $13M raise · filed Sep 2016

Diligent Robotics, Inc.SEC filingmedium confidence

Austin, US

Board seatRohit Sharma· per SEC Form D · $20M raise · filed Feb 2025

Distributed CreationSEC filingmedium confidence

New York, US

Adam D'Augelli(Director)Matthieu Aimonetti(Executive Officer, Director)Andrew Weissman(Director)Jared Hecht(Director)Steve Martocci(Executive Officer, Director)

Board seatAdam D’Augelli· per SEC Form D · $55M raise · filed Dec 2020

Ernestaernesta.comin

Ernesta sells custom-sized rugs designed to transform interior spaces.

ConsumerE-commerceNew York, US

Hisao Kushi(Executive Officer)Karen Boone(Director)John Foley(Executive Officer, Director)Jon Callaghan(Director)Lee Fixel(Director)

Board seatJon Callaghan· per SEC Form D

Flipside Cryptoflipsidecrypto.xyzSEC filingmedium confidence

Edisyl builds a semantic layer for enterprise data that encodes organizational understanding of metrics and data meaning, enabling AI tools to answer questions according to business logic.

AI & Machine LearningData & InfrastructureEnterprise SoftwareBoston, US

Adam D'Augelli(Director)Ralph Folz(Director)David Balter(Executive Officer, Director)Shikar Ghosh(Director)

Board seatAdam D’Augelli· per SEC Form D · $3.6M raise · filed Oct 2025

Kindarakindara.comSEC filingmedium confidence

Kindara provides a digital fertility charting app and community that helps users track their fertility, understand their body, or use fertility awareness-based contraception methods.

FemTechHealthtechWellness & FitnessBoulder, US

DAVE BALTER(Director)WILLIAM SACKS(Founder)SUE HEILBRONNER(Director)SALLY HATCHER(Executive Officer)

Board seatDave Balter· per SEC Form D · $1M raise · filed Jul 2016

littleBits ElectronicsSEC filingmedium confidence

New York, US

Barry Schuler(Director)Brad Feld(Director)Jonathan Callaghan(Director)Aya Bdeir(Executive Officer, Director, Promoter)Vincent Sanchez(Executive Officer)Jane Hoffer(Executive Officer)

Board seatJonathan Callaghan· per SEC Form D · $46.7M raise · filed Jul 2015

LogglySEC filingmedium confidence

San Francisco

Phil Black(Director)Charlie Oppenheimer(Executive Officer, Director)Puneet Agarwal(Director)Jonathan Gifford(Executive Officer, Director)

Board seatPuneet Agarwal· per SEC Form D · $12M raise · filed Jun 2016

Madison Reedmadison-reed.com

Madison Reed develops and sells at-home hair color products formulated without harsh chemicals like ammonia and parabens.

ConsumerDirect to ConsumerSan Francisco, US

Jeff Crowe(Director)Stephanie Davis Michelman(Director)Michael Dubin(Director)Jose Zuniga(Executive Officer)Maureen Watson(Executive Officer)Caroline Moon(Executive Officer)

PartnerAmy Errett· led

Board seatJon Callaghan· per SEC Form D

Nine RealmsSEC filinghigh confidence

Phoenix, US

Gavin McDermott(Executive Officer, Director)Noah Jessop(Director)Adam D'Augelli(Director)

Board seatAdam D’Augelli· per SEC Form D · $3.5M raise · filed Jun 2021

Nixtlanixtla.ioin

Nixtla provides enterprise-grade forecasting and anomaly detection platform using AI/ML techniques like TimeGPT for time series analysis.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechMexico City, MX

Max Mergenthaler Canseco(Executive Officer, Director)Toni Schneider(Director)Cristian Challu(Executive Officer, Director)

BoardJuan Muldoon(Director)

Board seatToni Schneider· per SEC Form D

PayNearMe 投資年月日： 2024/1/24paynearme.com

Sunnyvale, US

Dan Levitan(Director)Mark Britto(Director)Jon Callaghan(Director)Daniel J. Shader(Executive Officer, Director)

Board seatJon Callaghan· per SEC Form D

Piston Cloud Computing, Inc.SEC filingmedium confidence

San Francisco, US

Christopher MacGown(Director, Promoter)James Morrisroe(Executive Officer, Director)Puneet Agarwal(Director)Lars Leckie(Director)

Board seatPuneet Agarwal· per SEC Form D · $6.4M raise · filed Apr 2015

Privacy Policyautomattic.comin 𝕏SEC filinghigh confidence

Automattic develops WordPress.com, WooCommerce, Tumblr, Jetpack, and other web tools that enable publishing, commerce, and messaging.

Creator EconomyE-commerceMedia & EntertainmentSaaSSan Francisco, US

Matt Mullenweg(Founder)Toni Schneider(Director)Paul Sieminski(Executive Officer)Philip Black(Director)Ann Dunwoody(Director)Tony Conrad(Director)

Board seatTony ConradToni SchneiderPhilip Black· per SEC Form D · $300M raise · filed Sep 2019

Radiant Graphradiantgraph.comin 𝕏

RadiantGraph provides an AI-powered data platform that processes fragmented healthcare data to enable personalized member engagement and clinical program adoption.

AI & Machine LearningData & InfrastructureHealthtechNew York, US

Anmol Madan(Executive Officer, Director)

BoardAdam D'Augelli(Director)

Board seatAdam D’Augelli· per SEC Form D

Sofar Oceansofarocean.cominSEC filingmedium confidence

Sofar operates an ocean monitoring network and analytics platform serving maritime shipping companies and marine researchers.

CleantechClimate TechData & InfrastructureDeep TechHealthtechIoTSan Francisco, US

Tim Janssen, PhD(Co-Founder and CEO)inTim Janssen(Executive Officer, Director)Evan Shapiro(Chief R&D Officer)inAnke Pierik(Director)Willilam Locke(Director)

Board seatJon Callaghan· per SEC Form D · $22.3M raise · filed Feb 2025

Symbiomesymbiome.com

Symbiome develops skin microbiome-based wellness products that restore ancestral skin health through proprietary fermentation and Amazonian botanical ingredients.

ConsumerHealthtechWellness & FitnessSan Francisco, US

Adam Klausner(Executive Officer)Vicki Levine(Executive Officer, Director)Adam D'Augelli(Director)Larry Weiss(Executive Officer, Director)

Board seatAdam D’Augelli· per SEC Form D

TerraminoSEC filinghigh confidence

San Francisco, US

Kimberlie Le(Executive Officer, Director)Adam D'Augelli(Director)Joshua P. Nixon(Executive Officer, Director)

Board seatAdam D’Augelli· per SEC Form D · filed Dec 2022

Triple Lifttriplelift.comin 𝕏

TripleLift is a technology company that operates at the intersection of creative, media, and data to drive advertiser engagement and measurable impact.

AdTechData & InfrastructureNew York, US

Ryan Ziegler(Director)Ari Lewine(Director)Eric Berry(Executive Officer, Director)Shaun Zacharia(Executive Officer)

BoardAdam D'Augelli(Director)

Board seatAdam D’Augelli· per SEC Form D

Understoryunderstoryweather.comin 𝕏

Understory provides insurance products powered by a proprietary weather risk model and network of ground-based sensors to assess and price severe weather risks globally.

Climate TechInsurTechIoTMadison, US

Alexander Kubicek(Executive Officer, Director, Promoter)Puneet Agarwal(Director)Gregory T. Robinson(Director)Bryan Dow(Executive Officer, Director, Promoter)Alexander Jacobs(Executive Officer)Steve Benfield(Executive Officer)

Board seatPuneet Agarwal· per SEC Form D

Urban AirshipSEC filingmedium confidence

Portland, US

Brett Caine(Executive Officer, Director)Suk Kim(Executive Officer)John Johnston(Director)Mike Temple(Executive Officer)Puneet Agarwal(Director)Pete Grillo(Director)

Board seatPuneet Agarwal· per SEC Form D · $21M raise · filed Mar 2015

Venn BiosciencesSEC filinghigh confidence

BiotechRedwood City, US

Aldo Carrascoso(Executive Officer, Director)Adam D'Augelli(Director)Klaus Lindpaintner(Director)

BoardJenny Rooke(Director)

Board seatAdam D’Augelli· per SEC Form D · $8M raise · filed Nov 2019

Vital LabsSEC filinghigh confidence

Burlingame, US

Doug Barry(Director)Adam D'Angelli(Director)Ian Eslick(Executive Officer, Director)Tuhin Sinha(Executive Officer, Director)

Board seatAdam D’Augelli· per SEC Form D · $1.1M raise · filed Nov 2016

Alationalation.comin 𝕏

Alation builds a data catalog platform with machine learning and generative AI capabilities that helps enterprises find, understand, and trust their data.

AI & Machine LearningData & InfrastructureEnterprise SoftwareRedwood City, US

Satyen Sangani(Founder)Dr. Venky Ganti(Founder)Dr. Feng Niu(Founder)Aaron Kalb(Founder)

Aristotleheyaristotle.com

Aristotle is an AI-powered tutoring platform that personalizes instruction based on how each student learns, covering all subjects.

AI & Machine LearningEdTech

Jaiden Reddy(Cofounder)

Artycshipartyc.comin

ShipArty builds IoT-enabled temperature-controlled containers and software platform to reduce cold chain spoilage for medicines, vaccines, and other temperature-sensitive products.

HealthtechIoTLogistics & Supply ChainMedical Devices

Hannah Sieber(Executive Officer, Director, Promoter)Sandor Langer(Executive Officer, Director, Promoter)Luisa Sucre(Director)Duncan Turner(Director)

Atticusatticus.com

Atticus is a law firm that helps people navigate legal issues and find appropriate legal representation, offering free consultations and matching clients with qualified lawyers who work on contingency basis.

LegalTech

Audosaudos.com

Autonomous Agricultural Driving

BackTypebacktype.comin 𝕏

BackType provides analytics tools for monitoring and understanding social conversations and content performance across the web.

Enterprise SoftwareMarketing TechSaaSSan Francisco, US

Christopher Golda(Founder)inMike Montano(Founder)in

PartnerMike Montano· led

Bandcampbandcamp.com𝕏

Bandcamp is a music platform that enables fans to create and share playlists of music they own from artists they support, with built-in artist compensation and discovery features.

B2B MarketplacesCreator EconomyMedia & EntertainmentSocialOakland, US

Ethan DiamondJoe HoltSteve Kachinsky

Basecampbasecamp-research.comin

Bear Flag Roboticsbearflagrobotics.comin 𝕏acquired by John Deere

Bear Flag Robotics developed autonomous technology for farming before being acquired by John Deere in 2021.

Advanced ManufacturingAgTechRoboticsNew York City, US

Igino Cafiero(Founder/CEO)inAubrey Donnellan(Founder)in

Big Sky Labs

Everett, US

Dan Stone(Director, Promoter)Eric Paul(Director, Promoter)David Hunt(Executive Officer, Director, Promoter)John Gibson(Director, Promoter)

Blue Bottle Coffeebluebottlecoffee.com𝕏

Blue Bottle Coffee is a specialty coffee company that roasts and sells single-origin coffees, signature blends, matcha, and instant coffee through direct-to-consumer subscriptions and physical cafes, offering curated tasting experiences and a membership rewards program.

ConsumerDirect to ConsumerFoodTechSan Francisco, US

Michelangelo Volpi(Director)James Freeman(Founder of Issuer)Bryan Meehan(Founder of Issuer)

BoardTony Conrad(Director)

Blueskybsky.social𝕏

Bluesky is a social media platform built as a Public Benefit Corporation.

Developer ToolsSector AgnosticSocial

BoardJack Dorsey(CEO @ Automattic)

Boutique Coffee Company

Casagetcasa.comin 𝕏

Casa provides homeowners with a dedicated team that manages home maintenance and repairs, handling vendor coordination and home care decisions aligned with the homeowner's interests rather than vendor profits.

B2B MarketplacesConsumerPropTechSan Francisco, US

Michael York(Co-founder & CEO)

Channel Robotics

Del Mar, US

PHILIP WEISSBROD(Executive Officer, Director)MICHAEL YIP(Executive Officer, Director)MICHAEL COLLINS(Director)

PartnerRohit Sharma· quoted

Chiachia.netin 𝕏

Chia develops an open-source blockchain network using Proof of Space Time consensus, designed to significantly reduce energy consumption compared to traditional proof-of-work systems.

AgTechCrypto & Web3Data & InfrastructureFintechNew York, US

Bram Cohen(Founder)Gene Hoffman(Chief Executive Officer and President)Misha Graboi(Chief Financial Officer)Vishal Kapoor(Chief Operating Officer)Anders Petersen(Director)April Helliwell(Executive Officer, Director)

Connected Fitness Company

Connected Stackconnectedstack.ai

Data Governance and Privacy Platform

Daydreamdaydream.dentalin 𝕏

Daydream provides full-service dental billing outsourcing, combining technology with human dental billing experts to handle insurance verification, claim submission, payment posting, and patient billing for dental practices.

Healthtech

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Public market activity · per SEC filings

what is this? ⓘ

3 insider ownership filings (Forms 3/4/5)

From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

What stage does True Ventures invest at?: True Ventures invests at the Pre-Seed, Seed stages.
What is True Ventures's typical check size?: True Ventures typically writes checks of $500K – $3M.
What sectors does True Ventures focus on?: True Ventures focuses on Consumer, IoT, Sector Agnostic.
Where is True Ventures located?: True Ventures is headquartered in San Francisco, US.
Does True Ventures lead rounds?: Yes, True Ventures leads investment rounds.

From the blog

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True Ventures has published about its investment in Concentrate AI, a company providing an LLM governance layer for AI infrastructure. AI summary

Concentrate AI: The LLM Governance LayerJun 2026True Ventures backed founders Ari Jacoby and Todd Lieberman again to address an AI infrastructure problem through their LLM governance layer company Concentrate AI.

Media · Podcasts & interviews

featuring the team

Jon Callaghan, True Ventures MP on Early-Stage VC & AI Innovation - YouTube

Grace Gong · Jon Callaghan

Tony Conrad, True Ventures Partner on AI, Community & Investing - YouTube

Grace Gong · Tony Conrad

Investing in Future Tech ft. True Ventures Partner Puneet Agarwal - YouTube

Grace Gong · Puneet Agarwal

Tony Conrad, True Ventures Partner Backing WordPress, Slack & Blue Bottle - YouTube

Grace Gong · Tony Conrad

Tank Talk w/ Tony Conrad (True Ventures) - People-First Approach to Investing - YouTube

Ripple Ventures · Tony Conrad

True Ventures | Interview with its Partner - Jon Callaghan - YouTube

Cleverism · Jon Callaghan

Images

Co-investors · 264

Andreessen Horowitz

Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.

$500K – $50M

Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies, with a strong current focus on artificial intelligence.

$4.4M – $214M

General Catalyst

General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.

$30M

GV (Google Ventures)

Google Ventures is a venture capital investor that backs innovative founders across multiple industries, focusing on long-term partnerships and providing value across multiple funding stages and company milestones.

$250K – $50M

Founders Fund

Founders Fund is a venture capital firm that invests in technology companies across sectors, backing companies such as Anduril and Palantir.

$500K – $5M

Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.

$1.7M – $87M

Craft Ventures

Craft Ventures is a venture capital firm founded and run by former founders, operators, and investors who provide startups with hands-on support, senior talent access, and proven scaling playbooks.

$50K – $50M

Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M

Accel

Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.

$1.6M – $70M

Khosla Ventures

Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.

$5K – $50M

Greylock Partners

Greylock Partners is a venture capital firm that backs founders at the earliest stages, often as their first investor before a product exists.

$100K – $200M

Techstars

Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.

$220K

▶252 more co-investors

New Enterprise Associates (NEA)Index Ventures Alumni Ventures Redpoint Ventures Long Journey Ventures Founder Collective Uncork Capital Insight Partners Notable Capital Felicis Ventures FJ Labs SV Angel Bain Capital Ventures Unknown Ventures First Round Capital Uber Kleiner Perkins Menlo Ventures BoxGroup Everywhere Ventures DCVC (Data Collective)Coatue Management Spark Capital Kraken B Capital Group Sound Ventures IVP (Institutional Venture Partners)Norwest Venture Partners CRV (Charles River Ventures)DST Global Atomico Union Square Ventures (USV)Canaan Partners Tiger Global Management Sapphire Ventures Eniac Ventures Streamlined Ventures SOSV Goat Capital ACME Capital Offline Ventures Mayfield Fund RRE Ventures Slow Ventures Liquid Ventures NextView Ventures Bling Capital Hardware Club Greycroft AME Cloud Ventures UpHonest Capital SciFi VC Freestyle Capital Forerunner Ventures Headline Accel-KKR Caffeinated Capital Lookout Ventures Scale Venture Partners Kapor Capital Obvious Ventures Flybridge Capital Partners Stellar Capital Addition SoftBank Vision Fund Amplify Partners Cota Capital Floodgate Meritech Capital Partners Inovia Capital Bowery Capital South Park Commons Ulu Ventures Practical Venture Capital Acrew Capital Bullpen Capital Trinity Ventures Trajectory Ventures Buckley Ventures Management Company Llc Maveron Next47 Venrock Lowercase Capital Lerer Hippeau Point Nine Capital Thrive Capital Base10 Partners Gusto Social Leverage Harrison Metal Hanabi Capital Upfront Ventures WEEKEND Creandum M13 Nexus Venture Partners Intel Capital Two Sigma Ventures Tq Ventures Llc EQT Ventures Matrix Uncorrelated Ventures GSV Acceleration Tribe Capital Firstlook General Partnership Chemistry Unusual Ventures Costanoa Ventures The Chernin Group (TCG Crypto)AngelPad Betaworks Ventures Management, Llc Cowboy Ventures Next Play Ventures Tenaya Capital Inspired Capital Draper Fisher Jurvetson (DFJ)Ballistic Ventures August Capital Comcast Ventures Baseline Ventures ICONIQ Capital Passion Capital TCV Tribeca Venture Partners Webb Investment Network Dnx Ventures Teamworthy Ventures Energy Impact Partners High Alpha Acequia Capital CoinFund Hyde Park Venture Partners Heartcore Capital 2xN Lead Edge Capital Upside Partnership Galaxy Digital Assets Fund Lobby Capital Cisco Investments FELIX CAPITAL Polygon Reach Capital Kohlberg Kravis Roberts foobar.vc Heavybit Mango Capital Founders' Co-op Baruch Future Ventures Rocketship.vc Storm Ventures Prefix Capital Recursive Ventures Formation Group NewView Capital LocalGlobe CrunchFund Blue Owl Capital Collaborative Fund (Collab Fund)Relay Ventures House Octopus Ventures Yes VC BlueRun Ventures Jetstream Multicoin Capital What If Ventures BDC Venture Capital Phoenix Court SLVC Morado Venture Partners SAV (Scale Asia Ventures)Solana Ventures Gigascale Capital Samsung Next Parade Ventures Next Coast Ventures TLV Partners Angular Ventures AZ-VC Peterson Ventures Ten Eleven GreatPoint Ventures Visionaire Ventures WestWave Capital Celesta Capital Cyfrin G20 Ventures Alsop Louie Partners Blume Ventures Prelude Ventures SID Venture Partners Dimension Capital Engineering Capital Coalition Operators ParaFi Capital Rivet Ventures Western Technology Investment 8090 Industries Quantstamp WI Harper Group Builders VC Space Capital Kindred Capital Metamorphic Ventures Singular Tuesday Capital Expon Capital Calibrate Ventures Granite Asia Inventus Capital Partners LOWERCARBON Gnosis DAO Preface Ventures Moment Ventures, Llc Picture Capital Zelkova Ventures Theory Forge Ventures Indie.vc Waverley Capital The Perkins Fund FPV K5 Ventures M25 Swift Ventures Third Sphere Equity Alliance SixThirty Ventures AgFunder MKT1 Capital MoreVC IA Capital Group Creative Destruction Lab (CDL)Jefferies Anzu Partners Cerulean Ventures Huron River Ventures Saturn Partners IDG Capital Kinnevik Genoa Ventures Leadout Capital Promus Ventures Geodesic Capital Mozilla Ventures North Bridge Venture Partners & Growth Equity Interlagos Asylum Ventures Step Function Ventures Boom Capital Verity Venture Partners Elevate Capital Metagrove Ventures

Firms observed investing alongside True Ventures, from public investor directories.

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