TrueBridge Capital Partners
Fund of fundsChapel Hill · Seed–Late Stage · 52 people tracked
Also known as TRUEBRIDGE CAPITAL PARTNERS LLC
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 Aug 25, 2026.
Team · 52 people
from the firm's website & curatedFounder mafia
2 people who came through TrueBridge Capital Partners went on to found or lead other companies.
What they invest in
from 2 of 3 portfolio companiesAdTech ×1Data & Infrastructure ×1Gaming ×1Marketing Tech ×1Sports Tech ×1
HQs:United States×3
Investments · 3 tracked
founders shown can be your intro pathCloud9 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 LlcBalderton CapitalCloud9 CapitalFounders FundReimagined VenturesValor Equity Partners
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)Michael Sullivan(Executive Officer)Jeremy Pinkham(Executive Officer)Adam Lehman(Executive Officer)
BoardSatya Patel(Director)Jason Green(Director)
Co-investorsBattery VenturesOpus CapitalSavano Capital PartnersSozo VenturesEmergence Capital Partners
Boston, US
Patrick Kinsel(Executive Officer, Director)
BoardNeil Underwood(Director)John Klinck(Director)inPaul Hurst(Director)David Barrett(Director)Roger Ferguson(Director)
Co-investorsLiveOak VenturesCamber CreekCanapi VenturesCapitalGHyperplane Venture CapitalWells Fargo Advisors
Portfolio news
latest coverage across their companiesNotarize · coverager.com · Aug 12, 2026
Cloud9 · latamlist.com · Jun 2, 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
- 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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