TrueBridge Capital Partners
Fund of fundsChapel Hill · Seed–Late Stage · 52 people tracked
Also known as TrueBridge · TRUEBRIDGE CAPITAL PARTNERS LLC
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Investment thesis
TrueBridge is centered in the venture ecosystem and focuses on innovation investing, emphasizing perspective, relationships, and long-term trust built over decades. The firm positions itself as a long-term partner and advocate for its limited partners, underlying managers, and portfolio companies. Its long history in the business is said to provide access to identify and fund the best opportunities, while strong relationships across the venture ecosystem give it insight into a changing industry. The firm invests in and alongside managers backing technologies including AI, defense, space, and frontier tech.
Source: firm website, verified Sep 29, 2026.
Team · 52 people
from the firm's website & curatedFounder mafia
3 people who came through TrueBridge Capital Partners went on to found or lead other companies.
What they invest in
from 10 of 11 portfolio companiesAI & Machine Learning ×5Enterprise Software ×4Fintech ×3Cloud Computing ×2Crypto & Web3 ×2Data & Infrastructure ×2SaaS ×2AdTech ×1
HQs:United States×8
Investments · 11 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32021 · 12018 · 16 dated
Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.
Crypto & Web3FintechSan Francisco, US
Brian Armstrong(Co-founder & CEO)inFred Ehrsam(Co-founder)inEmilie Choi(President & COO)inAlesia Haas(Chief Financial Officer)inPaul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)
Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAdventure FundAndreessen Horowitz+90 more
Aviatrix provides cloud network security solutions with embedded, real-time protection through a Cloud Native Security Fabric platform.
AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareSanta Clara, US
Sherry Wei(Founder)inSteve Mullaney(CEO)inDoug M.in
BoardShirish Sathaye(Director)inDevdutt Yellurkar(Director)inNick Sturiale(Director)in
Co-investors8VCCervinCRV (Charles River Ventures)General CatalystMonta Vista CapitalGreenspring Associates+3 more
Camp Network is a Layer-1 blockchain for intellectual property infrastructure, providing a global IP registry that lets users own and monetize their IP and enables AI agents to train on user-owned IP.
AI & Machine LearningCrypto & Web3Data & Infrastructure
James Chi(Founder)inNirav Murthy(Founder)in
Co-investors1k(x)1kxBlockchain CapitalEterna CapitalHTX Ventures (ex Huobi Ventures)Hyperithm+11 more
Checkr provides background verification and fraud detection services for hiring, loan approvals, insurance, and tenant screening decisions.
AI & Machine LearningEnterprise SoftwareHR TechSaaSSan Francisco, US
Daniel Yanisse(Founder/CEO)inJonathan Perichon(Founder)inNaeem Ishaq(Executive Officer)inJennifer Yeh(Executive Officer)inTodd Freedman(Executive Officer)in
Co-investorsAccelActivant CapitalBond Capital ManagementCoatue ManagementDCVC (Data Collective)Earl Grey Capital+20 more
Cloud9 is an esports organization that competes in Call of Duty: Black Ops 7, a first-person shooter game with competitive multiplayer modes.
GamingSports TechLos Angeles, US
Paullie K. Etienne(Executive Officer, Director)inJacques M. Etienne(Executive Officer, Director)
BoardDaniel Fiden(Director)
Co-investorsEspt Ventures LlcUTA VenturesValor Equity PartnersBalderton CapitalCloud9 CapitalFounders Fund+3 more
AI-powered sales training and coaching software that enables personalized learning, skills reinforcement, and seller effectiveness through interactive training, data-driven insights, and coaching playbooks.
AI & Machine LearningEnterprise SoftwareSaaSSales TechIndianapolis, US
John Maxwell Yoder(Executive Officer, Director)Conner Burt(Founder)inMichael Fitzgerald(Executive Officer, Director)in
BoardEric Tobias(Director)inKristian Andersen(Director)in
Co-investorsAllos VenturesAlumni VenturesElevate VenturesHigh AlphaJackson Square VenturesJMI Equity+11 more
Liquid Compute is building a regulated exchange for compute capacity, offering verification, clearing, settlement, and price discovery, and enabling derivatives markets on top.
AI & Machine LearningCloud ComputingFintech
Co-investorsTranspose Platform ManagementBrainchild HoldingsChemistryFirstMark CapitalNight Capital
Lotame provides a data exchange marketplace and the Spherical data collaboration platform, which help marketers connect, enrich, activate, and target audience data across identity, curated marketplaces, and audience analytics.
AdTechData & InfrastructureMarketing TechColumbia, US
Andy Monfried(CEO)inMichael Sullivan(Executive Officer)Jeremy Pinkham(Executive Officer)inAdam Lehman(Executive Officer)in
BoardSatya Patel(Director)Jason Green(Director)in
Co-investorsBattery VenturesOpus CapitalSavano Capital PartnersSozo VenturesEmergence Capital Partners
Newfront is an insurance broker that combines specialty insurance expertise with technology platforms to help clients manage risk and make informed insurance decisions.
Enterprise SoftwareFintechInsurTechSan Francisco, US
Spike Lipkin(Co-Founder & Chief Executive Officer)inGordon Wintrob(Co-Founder & Chief Technology Officer)in
Co-investorsA*Abstract VenturesAltai VenturesB Capital GroupB4 CapitalBessemer Venture Partners+25 more
Boston, US
Patrick Kinsel(Executive Officer, Director)
BoardNeil Underwood(Director)inJohn Klinck(Director)inPaul Hurst(Director)David Barrett(Director)Roger Ferguson(Director)
Co-investorsFenway Summer VenturesLiveOak VenturesCamber CreekCanapi VenturesCapitalGCiti Ventures+5 more
Seismic makes powered clothing that fuses apparel with robotics, using Flex-Drive electric muscles to provide core and hip support that reduces muscle strain and fatigue.
HardwareRoboticsWellness & Fitness
Co-investorsGlobal BrainLightspeed Venture PartnersRoot Ventures Manager, LlcThe Robotics Huba16z cryptoAmber Group+6 more
Exits · 3
1 IPOs · 2 acquisitions · showing 2Portfolio news
latest coverage across their companies
Liquid Compute · thesaasnews.com · Sep 17, 2026
Coinbase · Coinbase Blog · Aug 13, 2026
Fund performance · per public LP disclosures · 28
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| TrueBridge Blockchain II (Parallel), L.P.LPs: Florida State Board of Administration | 2025 | — | — | 1.00x | 0.00x |
| TrueBridge Capital FSA III, LLCLPs: Florida State Board of Administration | 2023 | — | 3.0% | 1.02x | 0.00x |
| TrueBridge Capital Partners Fund VIIILPs: Teachers' Retirement System of Oklahoma | 2023 | — | — | 0.97x | 0.97x |
| TrueBridge Capital Partners Fund VIII (Parallel), L.P.LPs: Florida State Board of Administration | 2023 | — | -18.1% | 0.87x | 0.00x |
| TrueBridge Secondaries ILPs: Teachers' Retirement System of Oklahoma | 2023 | — | — | 1.34x | 0.10x |
| TrueBridge Blockchain I (Parallel), L.P.LPs: Florida State Board of Administration | 2022 | — | 3.3% | 1.05x | 0.00x |
| TrueBridge Blockchain I LPLPs: Florida State Board of Administration | 2022 | — | 17.9% | 1.29x | 0.00x |
| TrueBridge Blockchain LPLPs: Florida State Board of Administration | 2022 | — | — | 1.01x | 0.00x |
| TrueBridge Capital Partners Fund VII (Parallel) LPLPs: Florida State Board of Administration | 2021 | — | 5.8% | 1.11x | 0.06x |
| TrueBridge Capital FSA II LLCLPs: Florida State Board of Administration | 2020 | — | 6.7% | 1.26x | 0.00x |
| TrueBridge Capital FSA Il LLCLPs: Florida State Board of Administration | 2020 | — | 39.0% | 1.62x | 0.00x |
| TrueBridge Capital Partners Fund VI (Parallel) LPLPs: Florida State Board of Administration | 2019 | — | 8.8% | 1.34x | 0.06x |
| TrueBridge Capital Partners Fund V (Parallel) LPLPs: Florida State Board of Administration | 2018 | — | 20.3% | 2.52x | 0.34x |
| TrueBridge-Kauffman Fellows Endowment Fund IV (Parallel) LPLPs: Florida State Board of Administration | 2016 | — | 24.1% | 3.76x | 1.21x |
| TrueBridge Capital FSA LLCLPs: Florida State Board of Administration | 2015 | — | 32.8% | 4.48x | 1.46x |
| TrueBridge Special Purpose (F3) LLCLPs: Florida State Board of Administration | 2014 | — | 20.4% | 3.28x | 2.11x |
| TrueBridge-Kauffman Fellows Endowment Fund III (Parallel) LPLPs: Florida State Board of Administration | 2013 | — | 16.3% | 3.31x | 1.75x |
| TrueBridge FLSBA Special Purpose, LLCLPs: Florida State Board of Administration | 2012 | — | 26.5% | 5.59x | 2.34x |
| TrueBridge Special Purpose (F) LLCLPs: Florida State Board of Administration | 2012 | — | 21.6% | 5.24x | 2.91x |
| Truebridge I CVELPs: South Carolina Retirement System Investment Commission | 2010 | — | 10.7% | — | — |
| Truebridge II KauffLPs: South Carolina Retirement System Investment Commission | 2010 | — | 20.8% | — | — |
| TrueBridge-Kauffman Fellows Endowment Fund II (Parallel) LPLPs: Florida State Board of Administration | 2010 | — | 20.0% | 5.22x | 3.43x |
| Truebridge-Kauffman Fellows Endowment Fund IVLPs: Florida State Board of Administration | 2007 | — | 45.7% | 4.26x | 0.61x |
| TrueBridge Capital Partners Fund V, L.P.LPs: Florida State Board of Administration | 2006 | — | 69.0% | 2.88x | 0.09x |
| TrueBridge Capital Partners Fund VI, L.P.LPs: Florida State Board of Administration | 2005 | — | 95.6% | 1.61x | 0.00x |
| TrueBridge Special Purpose II (F)LPs: Florida State Board of Administration | 2004 | — | 31.0% | 4.89x | 1.17x |
| TrueBridge-Kauffman Fellows Fund III, L.P.LPs: Florida State Board of Administration | 2004 | — | 24.7% | 3.97x | 1.04x |
| TrueBridge Capital Partners Fund VII, L.P.LPs: Florida State Board of Administration | 2001 | — | — | 0.91x | 0.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has TrueBridge Capital Partners made?
- TrueBridge Capital Partners has 11 tracked investments, 3 of which have exited, including 4 dated in the last 24 months.
- What stage does TrueBridge Capital Partners invest at?
- TrueBridge Capital Partners invests at the Seed, Late Stage stages.
- What sectors does TrueBridge Capital Partners focus on?
- TrueBridge Capital Partners focuses on AI & Machine Learning, Crypto & Web3, Deep Tech, Defense Tech, Sector Agnostic, Space Tech.
- Where is TrueBridge Capital Partners located?
- TrueBridge Capital Partners is headquartered in Chapel Hill, US.
- Does TrueBridge Capital Partners lead rounds?
- TrueBridge Capital Partners typically participates in rounds rather than leading them.
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