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About TrueBridge
TrueBridge is a venture capital firm founded in 2007. It is primarily based out of Chapel Hill, United States. As of Nov 2025, TrueBridge is an active investor, having invested in 42 companies, with 2 new investments in the last 12 months. It primarily invests in Series D 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 $***** Series A round of Seismic Systems Overall, TrueBridge portfolio has seen 3 unicorns, 17 IPOs and 13 acquisitions including key companies like Slack, Uber and Airbnb. A lot of funds co-invest with TrueBridge, with names like Canapi Ventures sharing a substantial percentage of its portfolio. TrueBridge has team of 38 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series D, Series A & 3 more
Deals in last 12 months
TrueBridge's List of Top Investments
TrueBridge has a portfolio of 42 companies, including 3 unicorns. Their most notable investmentis in LotameTheir portfolio spans across United States, China, South Korea and 1 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 22 other sectors, across stages such as Series D, Series A and 3 more. Here is the list of top investments by TrueBridge:
1. Slack
Provider of cloud-based team communication and collaboration platform. The platform organizes conversations into searchable channels and direct messages, supports voice and video calls, file sharing, and threaded discussions. It integrates with a broad range of third-party applications and automates workflows through bots and scripting tools. The system enables users to create workspaces for topic- or project-specific communication and provides enterprise-grade security, access controls, and administrative tools. It also incorporates AI-powered search, message summarization, and automation agents to enhance productivity and streamline team coordination.
Key facts about Slack
- Founded Year: 2009
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.22B
- Employee Count: 2,949 as on Mar 31, 2026
- Investors: Glynn Capital, TDM Growth Partners and 68 Others
- Latest Funding Round: Post IPO, Apr 16, 2020, $*****
- Highlight: Acquired
2. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $44B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 151,576 as on Mar 31, 2026
- Investors: TrueBridge, American Express Ventures and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
3. 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: $11.1B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $2.95B
- Employee Count: 69,846 as on Mar 31, 2026
- Investors: Section Partners, Silver Lake and 153 Others
- Latest Funding Round: Series E, Apr 06, 2020, $*****
- Highlight: Public
4. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $271M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,482 as on Mar 31, 2026
- Investors: TrueBridge, Wellington and 142 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
5. GitHub
Provider of a platform for software development, collaboration, and security. It offers tools for code creation, developer workflows, and application security. The platform supports enterprises, small teams, startups, and nonprofits. It facilitates app modernization, DevSecOps, DevOps, and CI/CD. It provides resources for software development, DevOps, and security. The platform offers enterprise solutions, AI-powered development, and add-ons for security and AI.
Key facts about GitHub
- Founded Year: 2008
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $354M
- Employee Count: 6,066 as on Mar 31, 2026
- Investors: Section Partners, TrueBridge and 14 Others
- Latest Funding Round: Grant (prize money), Jun 21, 2019, $*****
- Highlight: Acquired
TrueBridge's Year-on-Year Investment Trends
TrueBridge has invested in 42 companies over the last 13 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Seismic Systems and most recent follow-on round was in Aviatrix.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 0 | 3 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 3 | 1 | 4 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
TrueBridge's Investments by Stage
TrueBridge has made 4 investments in Series D stage with an average round size of $74M, 2 investments in Series A stage with an average round size of $17.5M, 2 investments in Series B stage with an average round size of $31.8M, 1 investment in Post IPO stage with an average round size of $130M and 1 investment in Series C stage with an average round size of $50M.Stage of entry | No. of Investments |
|---|---|
Series D | 4 |
Series A | 2 |
Series B | 2 |
Post IPO | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
TrueBridge's Investments by Sector
TrueBridge has a diverse portfolio, with companies operating in the Enterprise Applications, Blockchain Technology, FinTech, High Tech and Real Estate and Construction Tech. Notably, it has invested in 41 Tech companies, 29 Enterprise (B2B) companies, 24 Software companies and at least 23 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Blockchain Technology | 2 |
FinTech | 2 |
High Tech | 2 |
Real Estate and Construction Tech | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
TrueBridge's Investments by Geography
TrueBridge has made most investments in United States (10).TrueBridge's recent investments
TrueBridge has not made any investment in 2026 so far.Here are the most recent investments by TrueBridge:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 12, 2025 | United States | Series A | 5378 | [+4] | |
Apr 29, 2025 | United States | Series A | 3965 | [+3] | |
Feb 25, 2025 | United States | Series C | 6854 | ||
Sep 08, 2021 | United States | Series E | 5720 | [+9] | |
Aug 12, 2021 | United States | Post IPO | 5090 | [+1] |
Unicorns in TrueBridge's Portfolio
TrueBridge has 3 unicorns in its portfolio - Aviatrix, Tipalti and Tanium. The most recent unicorn in their portfolio is Aviatrix. It became a unicorn in 2021.Here is a list of unicorns in TrueBridge's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Provider of cloud network security and multicloud networking platform solutions | 2013 | Santa Clara | Series E | {veexcc | ||
73 | Cloud-based procurement and invoice management solutions for businesses | 2010 | Foster City | Series F | ksejmio | ||
74 | Enterprise endpoint security and management solutions | 2007 | Kirkland | Series F | gomwdjp |
IPOs and Publicly Listed companies in TrueBridge's Portfolio
17 of TrueBridge's portfolio companies have become public. Instacart got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2023 at marketcap of $8.3B and Coinbase got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $28.7B.Here are TrueBridge's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 19, 2023 | - | - | 2399 | |
Apr 14, 2021 | - | - | 5288 | |
Mar 11, 2021 | - | - | 8027 | |
Oct 02, 2020 | - | - | 5847 | |
May 17, 2019 | - | - | 8136 |
Acquired companies in TrueBridge's Portfolio
13 companies from TrueBridge's portfolio have been acquired. The most recent acquisition were Metronome in Jan 2026 by Stripe.Here are TrueBridge's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 15, 2026 | Feb 25, 2025 | Series C | 8534 | |
Mar 29, 2025 | - | - | 2353 | |
Mar 18, 2025 | - | - | 9343 | |
Mar 06, 2025 | Mar 05, 2014 | Series D | 2062 | |
Feb 10, 2024 | - | - | 8407 |
Team profile of TrueBridge
TrueBridge has a team of 38 members including 5 Partners and 6 Principals located in United States. TrueBridge's team does not sit on the board of any company as of now.Here is a list of top team members in TrueBridge:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chapel Hill | - | - | |
Partner | Chapel Hill | - | ||
Partner | Raleigh | - | ||
Partner | New York City | - | ||
Partner | Raleigh | - | - | |
Principal | Durham | - | ||
Principal | Chapel Hill | - | ||
Principal | Chapel Hill | - | - | |
Principal | Chapel Hill | - | - | |
Principal | Chapel Hill | - | ||
Principal | Raleigh | - | - |
Co-investors of TrueBridge
Over the past 13 years, 97 investors have co-invested in TrueBridge's portfolio companies. This includes funds and angels.
- Invested before TrueBridge: Founders Fund, Emergence Capital and 57 others have invested in rounds before TrueBridge. There are 2 companies where Founders Fund has invested before TrueBridge and 2 companies where Emergence Capital has invested before TrueBridge.
- Top Co-investors of TrueBridge: 25 investors entered a company along with TrueBridge. These include investors like Canapi Ventures (2 companies).
- Invested after TrueBridge: A total of 13 investors have invested in TrueBridge's portfolio after their investments. Top Investors include Durable Capital Partners (1 company), 01 Advisors (1 company) and Greenoaks (1 company).
Recent News related to TrueBridge
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Crypto startup Seismic raises $10 million to help fintechs protect customer dataCryptocurrency•Nov 12, 2025•Seismic, a16zcrypto, Andreessen Horowitz, dao5 and 4 others
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Hyper-investment firm Camp Network secures $30 million in Series A fundingWowtale•Aug 21, 2025•Hyperithm, Paper Ventures, Protagonist, Hypersphere Ventures and 7 others
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Metronome Secures $50 Million in Series C Funding to Drive Adoption of Usage-Based Pricing in Software and AISalesTech Star•Feb 25, 2025•Metronome, New Enterprise Associates, Andreessen Horowitz, Greyhound Capital and 14 others
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Robot Ventures Raises $75 Million for Early-Stage Crypto Venture Capital FundCryptocurrency•Aug 30, 2024•Robvc, Hack VC, TrueBridge, Haun Ventures and 8 others
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Chapel Hill investment firm TrueBridge launches blockchain fund, seeks $125MWRAL TechWire•Mar 07, 2023•TrueBridge
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Chapel Hill investment firm raising $150M for fund of funds – againWRAL TechWire•Feb 16, 2023•TrueBridge
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Fountain Named to Forbes' Next Billion-Dollar Startups List 2022PR Newswire•Aug 24, 2022•Fountain, TrueBridge, Fidelity Investments
