Company Name: True Ventures
Company website: http://www.trueventures.com/
CEO/CTO: Jon Callaghan, Founder & Managing Partner
Phil Black, Founder & Managing Partner
Age / Year Found: Jan 1, 2005
Company Value / Total Funding Amount: $1.6B
Business roles/desciption: Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early stage technology startups. With more than $2 billion under management, True provides seed and Series A financing to entrepreneurs in today’s fastest growing markets. The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the firm offers programs that inspire both professional and personal growth. To date, True has helped more than 250 companies launch and scale their businesses, creating over 10,000 jobs worldwide.
True is led by partners Jon Callaghan, Phil Black, Puneet Agarwal, Tony Conrad, Toni Schneider, Om Malik, Adam D’Augelli, Rohit Sharma, Amy Errett, Ann Crady Weiss, Kevin Rose, and Design Partner Jeff Veen. Across the team, True partners have founded more than 25 companies.
The firm’s notable realizations includ e: Fitbit, IPO (NYSE:FIT); Duo Security, acquired by Cisco; Ring, acquired by Amazon; Blue Bottle Coffee, acquired by Nestlé; BrightRoll, acquired by Yahoo; Connectifier, acquired by LinkedIn/Microsoft; Evident.io, acquired by Palo Alto Networks; ScreenHero, acquired by Slack; and Caspida, acquired by Splunk.
Other notable investments includ e Peloton, HashiCorp, Madison Reed, Namely, Zymergen, Splice, Puppet Labs, ProsperWorks, Automattic (creators of WordPress), Teachers Pay Teachers, and Seurat Technologies.
True was awarded Venture Firm of the Year by the National Venture Capital Association in 2018.