True Ventures

True Ventures is a venture capital and private equity firm investing in early-stage technology companies. It is headquartered in San Francisco, California and was founded in 2005 by John Burke, Jon Callaghan, Phil Black, Toni Schneider, and Tony Conrad. Notable exits made by True Ventures include: Peloton, Fitbit, Duo, Ring, Blue Bottle Coffee, Evident.io, Hedvig, BrightRoll, Connectifier, Goodreads, Apcera, MakerBot, Smarterer, and Screenhero.

On October 30, 2018 True ventures announced raising $350 million in funding for their True Ventures VI, LP fund. True Ventures wrote about their plans for their True Ventures VI, LP fund on their website:

With our new Fund VI, we will continue to invest in driven, exceptionally creative Founders leading teams and building products across a range of industries including enterprise software, connected devices, consumer brands, cryptocurrency, and digital biology — to name only a few of our many areas of interest.

On October 30, 2018 True ventures announced raising $285 million in funding for their True Ventures Select Fund III.

In 2018, True Ventures was awarded the Venture Firm of the Year by National Venture Capital Association for their strong fund performance and commitment to advancing entrepreneurship. The co-founder of True Ventures, John Callaghan, made the following statement about True Ventures being awarded the Venture Firm of the Year award:

We couldn’t be happier for the True team and are honored to recognize them as the 2018 Venture Firm of the Year. Since True’s founding in 2005, Jon, Phil and the rest of the team have established themselves as leaders of our industry through their investments, support for entrepreneurs and commitment to creating a more inclusive ecosystem. We congratulate them on this achievement and wish them the best of luck as they continue to lead our industry into the future.