About True Wind
True Wind is a venture capital firm founded in 2015. It is primarily based out of San Francisco, United States. As of Jan 2026, True Wind is an active investor, having invested in 23 companies, with 1 new investment in the last 12 months. It primarily invests in PE round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Seed round of Theuki Overall, True Wind portfolio has seen 5 IPOs and 10 acquisitions including key companies like Airbnb, Rover and Snapchat. TA Associates co-invest with True Wind, sharing a substantial percentage of its portfolio. True Wind has team of 22 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, PE & 2 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
True Wind's List of Top Investments
True Wind has a portfolio of 23 companies. Their most notable investmentis in SterlingTheir portfolio spans across United States, Canada, Greece and 2 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 16 other sectors, across stages such as Seed, PE and 2 more. Here is the list of top investments by True Wind:1. Airbnb
Provider of accommodations, experiences, and related services through an online platform. The platform facilitates connections between hosts and individuals seeking lodging and activities. It offers a variety of options for stays and curated experiences. The platform also provides resources for individuals interested in becoming hosts.
Key facts about Airbnb
- Founded Year: 2008
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $3.07B
- Employee Count: 68,394 as on May 31, 2026
- Investors: TrueBridge, Silver Lake and 161 Others
- Latest Funding Round: Series E, Apr 06, 2020, $*****
- Highlight: Public
2. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,658 as on May 31, 2026
- Investors: TCV, Cross Creek and 31 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
3. Snapchat
Provider of multimedia messaging application. It offers users to send ephemeral messages to others. It provides solutions to capture photos and videos from their devices, edit with multiple filters, and share photos and video clip messages with friends. It offers features such as short videos, live video chatting, messaging, creating Bitmoji avatars, and sharing photos and videos through stories. It also provides a memories feature that allows users to store the snaps and stories in a private storage area. The application is available for both Android and iOS users.
Key facts about Snapchat
- Founded Year: 2011
- Location: Los Angeles (United States)
- Annual Revenue: $1B+ as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $2.62B
- Employee Count: 1,001 - 5,000 as on May 31, 2026
- Investors: ADS Ventures, Meritech and 61 Others
- Latest Funding Round: Post IPO, Aug 07, 2018, $*****
- Highlight: Public
4. FanDuel
Developer of a fantasy platform for multiple sports. It provides users to play fantasy sports games for NFL, MLB, NBA, soccer, and golf. It also enables users to select the contests they wish to play, and players to participate in the competition.
Key facts about FanDuel
- Founded Year: 2009
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $416M
- Employee Count: 4,221 as on May 31, 2026
- Investors: Western Technology Investment, Hercules Capital and 42 Others
- Latest Funding Round: Series E, Sep 15, 2016, $*****
- Highlight: Acquired
5. Twilio
Cloud based omnichannel communication and customer engagement platform. The platform offers a telephony infrastructure web service in the cloud, allowing web developers to integrate phone calls, text messages, and IP voice communications into the web, mobile, and traditional phone applications. It provides customer data platform that allows users to collect data from different channels, and manage the customer journeys in real time. It caters its solution to industries such as reatil, finance, healthcare, and more.
Key facts about Twilio
- Founded Year: 2008
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $240M
- Employee Count: 6,678 as on May 31, 2026
- Investors: TCV, TrueBridge and 40 Others
- Latest Funding Round: Post IPO, Jul 31, 2021, $*****
- Highlight: Public
True Wind's Year-on-Year Investment Trends
True Wind has invested in 24 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Theuki.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
True Wind's Investments by Stage
True Wind has made 3 investments in Seed stage, 2 investments in PE stage, 1 investment in Conventional Debt stage and 1 investment in Post IPO stage with an average round size of $100M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
PE | 2 |
Conventional Debt | 1 |
Post IPO | 1 |
Note: We have considered here, only first round of investments
True Wind's Investments by Sector
True Wind has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Consumer, Education and Energy Tech. Notably, it has invested in 16 Enterprise (B2B) companies, 16 Tech companies, 10 Software companies and at least 9 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Vertical SaaS | 2 |
Consumer | 1 |
Education | 1 |
Energy Tech | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
True Wind's Investments by Geography
True Wind has made most investments in United States (4), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
Canada | 1 |
Greece | 1 |
India | 1 |
Note: We have considered here, only first round of investments
True Wind's recent investments
True Wind has made 1 investments in 2026 so far - Theuki.Here are the most recent investments by True Wind:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 21, 2026 | - | Seed | 6305 | - | |
Jun 12, 2025 | Greece | Seed | 3675 | - | |
Feb 22, 2022 | Canada | Seed | 7411 | - | |
Jan 13, 2022 | United States | PE | 2980 | - | |
Nov 17, 2021 | United States | PE | 8403 |
IPOs and Publicly Listed companies in True Wind's Portfolio
5 of True Wind's portfolio companies have become public. Snapchat got listed on the New York Stock Exchange (NYSE), in Mar 2017 at marketcap of $54.4M and Twilio got listed on the New York Stock Exchange (NYSE) at marketcap of $1.23B.Here are True Wind's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 03, 2017 | - | - | 1441 | |
Jun 23, 2016 | - | - | 5922 | |
Apr 02, 2015 | - | - | 6399 | |
Aug 06, 2010 | - | - | 1344 | |
Feb 05, 2010 | - | - | 2378 |
Acquired companies in True Wind's Portfolio
10 companies from True Wind's portfolio have been acquired. The most recent acquisition was Open Lending.Here are True Wind's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 17, 2026 | - | - | 6806 | |
Oct 06, 2025 | Feb 22, 2022 | Seed | 6625 | |
Dec 02, 2024 | - | - | 6769 | |
Nov 29, 2023 | - | - | 1672 | |
Dec 22, 2022 | - | - | 3981 |
Team profile of True Wind
True Wind has a team of 22 members including 6 Partners and 7 Principals located in United States. True Wind's team does not sit on the board of any company as of now.Here is a list of top team members in True Wind:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | Colorado Springs | - | - | |
Principal | United States | - |
Co-investors of True Wind
Over the past 7 years, 3 investors have co-invested in True Wind's portfolio companies. This includes funds and angels.
- Invested before True Wind: M33 Growth has invested before True Wind.
- Top Co-investors of True Wind: TA Associates entered a company along with True Wind.
- Invested after True Wind: Welsh, Carson, Anderson & Stowe (1 company) is the only investor which has invested in True Wind's portfolio after their investments.
Recent News related to True Wind
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True Wind Capital Announces Growth Investment in the Ultimate Knowledge InstituteBusiness Wire•Jan 21, 2026•Theuki, True Wind
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Procureship Secures Growth Investment from True Wind Capital for Global ExpansionHellenicShippingNews•Jun 12, 2025•ProcureShip, True Wind
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Aldaron Partners and True Wind Capital’s Acquisition of DCM ServicesGlobal Legal Chronicle•Mar 26, 2025•Orrick, Aldaron Partners, True Wind, DCM Services
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Aldaron Partners and True Wind Capital Complete Acquisition of DCM ServicesBusiness Wire•Mar 17, 2025•ALDARON ESSENCES LLC, True Wind
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U.S. investment firm launches unsolicited bid for Japan’s Sun Corp.Shareandstocks•Jun 11, 2024•True Wind, Sun Electronics, Suncorp
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True Wind Capital Announces Sam Austin and Patrick Roeschel Promoted to Vice PresidentTullahoma News•Jan 05, 2023•True Wind
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True Wind invests in Sterling Capital BrokersPE Hub•Feb 22, 2022•True Wind, Sterling, True Wind Capital, Sterling Capital Brokers and 3 others
