About True Ventures
True Ventures is a venture capital firm founded in 2005. It is primarily based out of Palo Alto, United States. As of Sep 2026, True Ventures is an active investor, having invested in 405 companies, with 18 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series E round of Enveda Overall, True Ventures portfolio has seen 8 unicorns, 5 IPOs and 135 acquisitions including key companies like GitHub, Automattic and Opendoor. A lot of funds co-invest with True Ventures, with names like SV Angel sharing a substantial percentage of its portfolio. True Ventures has team of 30 people including 9 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 9 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
True Ventures' List of Top Investments
True Ventures has a portfolio of 405 companies, including 8 unicorns. Their most notable investments are in Nexar and Endel.Their portfolio spans across United States, United Kingdom, Switzerland and 23 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 33 other sectors, across stages such as Seed, Series A and 9 more. Here is the list of top investments by True Ventures:1. GitHub
Developer of software collaboration tools and automated code management systems. This platform provides version control, project tracking, and automated workflows for software development teams. It includes integrated artificial intelligence assistants to support code generation, debugging, and vulnerability detection. Users access cloud-based development environments and tools for managing software dependencies and security configurations. The infrastructure supports application deployment, code review processes, and documentation management through application programming interfaces and webhooks.
Key facts about GitHub
- Founded Year: 2008
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $354M
- Employee Count: 6,867 as on Aug 31, 2026
- Investors: Sprout Capital Partners, TrueBridge and 16 Others
- Latest Funding Round: Grant (prize money), Jun 21, 2019, $*****
- Highlight: Acquired
2. Automattic
Automattic develops publishing platforms and is the company behind open-source WordPress.com and WordPress.com VIP, the enterprise cloud version of WordPress. Automattic hosts and supports all WordPress.com sites ensuring that there is a continuous and strategic development of the software available to its users. Automattic also supports WordPress.com VIP, a premium service designed for large-scale enterprises.
Key facts about Automattic
- Founded Year: 2005
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $896M
- Employee Count: 2,168 as on Aug 31, 2026
- Investors: Savano Capital Partners, Akkadian Ventures and 32 Others
- Latest Funding Round: Series E, Feb 17, 2021, $*****
- Highlight: Editors' Pick
3. Opendoor
Provider of digital platforms for buying and selling residential property. The business facilitates real estate transactions by enabling owners to list properties for sale and providing buyers with direct purchase options. It manages the underlying processes for home exchanges and coordinates with homebuilders to offer inventory to prospective buyers.
Key facts about Opendoor
- Founded Year: 2014
- Location: Tempe (United States)
- Stage: Public
- Total Funding till date: $1.35B
- Employee Count: 1,449 as on Aug 31, 2026
- Investors: Access Industries, Vibhu Venture Partners and 76 Others
- Latest Funding Round: Post IPO, Aug 18, 2021, $*****
- Highlight: Public
Tech enabled mental healthcare solutions and health plans for employers. It offers a platform that leverages data to match individuals with care, ranging from digital support to in person therapy. The platform includes personalized care plans, appointment scheduling, and access to on demand wellness exercises. The solution also incorporates an employee assistance program with assessment, personalized recommendations, and access to a diverse network of providers.
Key facts about Spring Health
- Founded Year: 2016
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $474M
- Employee Count: 3,893 as on Aug 31, 2026
- Investors: Generation Investment Management, Northzone and 31 Others
- Latest Funding Round: Series E, Jul 16, 2024, $*****
- Highlight: Editors' Pick
5. Sweetgreen
Restaurant chains offer salads and meal bowls. Its other products include chicken items, kid's meals, local food dishes, desserts, and drinks. It also provides customized food platters and supply network services.
Key facts about Sweetgreen
- Founded Year: 2006
- Location: Los Angeles (United States)
- Annual Revenue: $500M - $1B as on Dec 28, 2025
- Stage: Public
- Total Funding till date: $479M
- Employee Count: 2,855 as on Aug 31, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 43 Others
- Latest Funding Round: Series I, Sep 23, 2019, $*****
- Highlight: Public
True Ventures' Year-on-Year Investment Trends
True Ventures has invested in 405 companies over the last 21 years, with an average of 18 new investments annually in the last 10 years. In 2025, it made 26 investments, while as of Sep 2026, it has made 18 investments in this year. Its most recent first time investment was in Aristotle and most recent follow-on round was in Enveda.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 13 | 5 | 18 |
2025 | 17 | 9 | 26 |
2024 | 11 | 9 | 20 |
2023 | 11 | 14 | 25 |
2022 | 26 | 23 | 49 |
2021 | 28 | 33 | 61 |
2020 | 14 | 17 | 31 |
2019 | 15 | 15 | 30 |
2018 | 22 | 17 | 39 |
2017 | 14 | 20 | 34 |
True Ventures' Investments by Stage
True Ventures has made 193 investments in Seed stage with an average round size of $3.91M, 136 investments in Series A stage with an average round size of $8.37M and 16 investments in Series B stage with an average round size of $27.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 193 |
Series A | 136 |
Series B | 16 |
Series C | 7 |
Unattributed | 4 |
Others | 7 |
Note: We have considered here, only first round of investments
True Ventures' Investments by Sector
True Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Enterprise Infrastructure and Media & Entertainment. Notably, it has invested in 360 Tech companies, 260 Enterprise (B2B) companies, 229 Software companies and at least 149 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 178 |
Consumer | 86 |
High Tech | 84 |
Enterprise Infrastructure | 53 |
Media & Entertainment | 41 |
Others | 394 |
Note: We have considered here, only first round of investments
True Ventures' Investments by Geography
True Ventures has made most investments in United States (311), followed by United Kingdom where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 311 |
United Kingdom | 8 |
Switzerland | 5 |
Canada | 4 |
France | 4 |
Others | 29 |
Note: We have considered here, only first round of investments
True Ventures' recent investments
True Ventures has made 18 investments in 2026 so far. Enveda and Basecamp Research are the latest among them.Here are the most recent investments by True Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 23, 2026 | United States | Series E | 6594 | ||
Sep 23, 2026 | United Kingdom | Series C | 9632 | [+12] | |
Sep 16, 2026 | United States | Seed | 5237 | [+15] | |
Aug 31, 2026 | United States | Seed | 9223 | ||
Jun 12, 2026 | - | Seed | 8068 |
Unicorns in True Ventures' Portfolio
True Ventures has 8 unicorns in its portfolio - ICEYE, Enveda, Voi and others. The most recent unicorn in their portfolio is ICEYE. It became a unicorn in 2025, 10 years after True Ventures first invested in it.Here is a list of unicorns in True Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Manufacturer of radar satellite constellations providing persistent earth observation imagery | 2014 | Espoo | Series F | ffjquns | ||
63 | AI-based platform to decipher the chemistry of nature and develop new medicines | 2019 | Boulder | Series E | afwpspp | ||
78 | App-based platform offering electric kick-scooter rental services | 2018 | Stockholm | Series D | nyqycab | ||
62 | Connects applications with APIs and service mesh across any infrastructures | 2017 | Cambridge | Series C | qkcorhw | ||
79 | Network connecting job seekers with employers for career development opportunities | 2014 | San Francisco | Series F | lkgpkxf |
IPOs and Publicly Listed companies in True Ventures' Portfolio
5 of True Ventures' portfolio companies have become public. Fractyl got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Feb 2024 at marketcap of $714M and Sweetgreen got listed on the New York Stock Exchange (NYSE) at marketcap of $3B.Here are True Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 02, 2024 | Nov 30, 2017 | Series D | 7281 | |
Nov 18, 2021 | Sep 23, 2019 | Series I | 3450 | |
Dec 21, 2020 | Sep 05, 2014 | Series A | 6123 | |
Sep 26, 2019 | Apr 07, 2015 | Series C | 8710 | |
- | Sep 2006 | Series A | 8072 |
Acquired companies in True Ventures' Portfolio
135 companies from True Ventures' portfolio have been acquired. The most recent acquisition was OpenZeppelin in Sep 2026 by S&P Global for $*****.Here are True Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2026 | - | - | 1314 | |
Apr 08, 2026 | 2020 | Series A | 6859 | |
Mar 31, 2026 | Dec 20, 2018 | Series A | 4065 | |
Mar 24, 2026 | Mar 03, 2022 | Series B | 3050 | |
Mar 11, 2026 | Nov 25, 2020 | Series A | 7134 |
Team profile of True Ventures
True Ventures has a team of 30 members including 9 Partners, 4 Venture Partners and 5 Principals located in United States. True Ventures' team sits on the board of 3 companies.Here is a list of top team members in True Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | Palo Alto | - | ||
Partner | New York City | - | ||
Partner | San Francisco | StrongDM and Inventables | ||
Partner | San Francisco | - | ||
Partner | - | - | - | |
Partner | - | - | ||
Partner | - | - | ||
Partner | San Francisco | - | - | |
Venture Partner | Palo Alto | - |
Co-investors of True Ventures
Over the past 21 years, 1853 investors have co-invested in True Ventures's portfolio companies. This includes funds and angels.
- Invested before True Ventures: Y Combinator, Techstars and 288 others have invested in rounds before True Ventures. There are 11 companies where Y Combinator has invested before True Ventures and 7 companies where Techstars has invested before True Ventures.
- Top Co-investors of True Ventures: 789 investors entered a company along with True Ventures. These include investors like SV Angel (17 companies).
- Invested after True Ventures: A total of 774 investors have invested in True Ventures's portfolio after their investments. Top Investors include Foundry (11 companies), Khosla Ventures (11 companies) and Google Ventures (8 companies).
Recent News related to True Ventures
•
•
•
Molten Salt Solutions Raises $7 Million to Scale Lithium Enrichment for Advanced Nuclear EnergyMiningstockeducation•Aug 31, 2026•Alumni Ventures, Molten Salt Solutions, Vanedge Capital, Dolby Family Ventures and 3 others
•
Flux Raises $5M in FundingDEVOPSdigest•Jun 25, 2026•True Ventures, Flux AI, Calibrate Ventures, Glasswing Ventures and 1 other
•
•
Clair Health Bags $11.6 Mn to Advance Wearables for Continuous Women’s Health MonitoringDigitalhealthnews•Jun 19, 2026•Khosla Ventures, AI Fund, 23andMe, True Ventures and 1 other
•
•
•
Concentrate AI Launches Free LLM Gateway as Companies Race to Control AI SpendAccess Newswire•Jun 10, 2026•, True Ventures, RRE Ventures
•
Flux Raises $5M in New FundingFinSMEs•Jun 10, 2026•Flux, Calibrate Ventures, Glasswing Ventures, True Ventures and 2 others
