About Trust Ventures
Trust Ventures is a venture capital firm founded in 2018. It is primarily based out of Austin, United States. As of Aug 2026, Trust Ventures is an active investor, having invested in 39 companies, with 3 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 High Tech to Consumer and HealthTech. Most recently it participated in the $***** Series D round of Base Power Overall, Trust Ventures portfolio has seen 1 unicorn, 1 IPO and 4 acquisitions including key companies like Oklo, Base Power and Ostro. A lot of funds co-invest with Trust Ventures, with names like Andreessen Horowitz sharing a substantial percentage of its portfolio. Trust Ventures has team of 16 people including 3 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
Trust Ventures' List of Top Investments
Trust Ventures has a portfolio of 39 companies, one of which is a Unicorn. Their most notable investments are in Steno and Harbor.Their portfolio spans across United States and Israel. They have invested in High Tech, Consumer, HealthTech and 25 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Trust Ventures:
1. Swimply
Online marketplace for booking local pools by hourly rates. The users can search & view the details of the pool based on location & availability, as well as, book the pool as per the required time, date, and number of members
Key facts about Swimply
- Founded Year: 2012
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $50M
- Employee Count: 51 as on Jun 30, 2026
- Investors: Norwest, Ensemble and 17 Others
- Latest Funding Round: Series B, Dec 15, 2021, $*****
- Highlight: Editors' Pick
2. Just
Usage-based auto insurance platform for individuals. It features solutions for vehicle collisions, third-party bodily injury, medical bills coverage, liability coverage, accident protection, and more. The app is available for Android and iOS platforms.
Key facts about Just
- Founded Year: 2014
- Location: Los Angeles (United States)
- Stage: Series A
- Total Funding till date: $15.3M
- Employee Count: 252 as on Jun 30, 2026
- Investors: Western Technology Investment, ManchesterStory Group and 2 Others
- Latest Funding Round: Conventional Debt, Sep 29, 2023, $*****
- Highlight: Editors' Pick
3. Oklo
Developer of small modular reactor. It is designing and deploying advanced fission power plants to provide clean, reliable, affordable energy. It provides clean, reliable, affordable energy through the deployment of next-generation fast fission technology and recycling nuclear waste.
Key facts about Oklo
- Founded Year: 2013
- Location: Santa Clara (United States)
- Stage: Public
- Total Funding till date: $120K
- Employee Count: 346 as on Jun 30, 2026
- Investors: Draper, Y Combinator and 9 Others
- Latest Funding Round: Grant (prize money), Apr 11, 2025, $*****
- Highlight: Public
4. Antora
Manufacturer of thermal battery. It stores energy as heat in blocks of solid carbon to power global industry. Its thermophotovoltaic technology converts light from the hot carbon blocks into electricity with no moving parts.
Key facts about Antora
- Founded Year: 2018
- Location: Sunnyvale (United States)
- Stage: Series C
- Total Funding till date: $822M
- Employee Count: 268 as on Jun 30, 2026
- Investors: Salesforce Ventures, Temasek and 29 Others
- Latest Funding Round: Series C, Jul 20, 2026, $*****
- Highlight: Editors' Pick
5. Base Power
Provider of battery storage system. They offer home battery storage solutions empowering households to take control of their energy needs. They leverage cutting edge technology to provide whole home backup power protection with a focus on reducing electricity costs and mitigating the impact of power outages.
Key facts about Base Power
- Founded Year: 2023
- Location: Austin (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $2.5B
- Employee Count: 398 as on Jun 30, 2026
- Investors: CapitalG, Bond Capital and 25 Others
- Latest Funding Round: Series D, Aug 03, 2026, $*****
- Highlight: Editors' Pick
Trust Ventures' Year-on-Year Investment Trends
Trust Ventures has invested in 39 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Aug 2026, it has made 5 investments in this year. Its most recent first time investment was in TerraFirma and most recent follow-on round was in Base Power.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 2 | 5 |
2025 | 4 | 0 | 4 |
2024 | 3 | 4 | 7 |
2023 | 3 | 1 | 4 |
2022 | 7 | 1 | 8 |
2021 | 6 | 1 | 7 |
2020 | 1 | 2 | 3 |
2019 | 2 | 0 | 2 |
2018 | 2 | 0 | 2 |
Trust Ventures' Investments by Stage
Trust Ventures has made 15 investments in Series A stage with an average round size of $22.5M, 13 investments in Seed stage with an average round size of $10.9M and 3 investments in Series B stage with an average round size of $85.9M.Stage of entry | No. of Investments |
|---|---|
Series A | 15 |
Seed | 13 |
Series B | 3 |
Note: We have considered here, only first round of investments
Trust Ventures' Investments by Sector
Trust Ventures has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, HealthTech, Consumer and Life Sciences. Notably, it has invested in 31 Tech companies, 23 Enterprise (B2B) companies, 16 Software companies and at least 13 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 12 |
Enterprise Applications | 9 |
HealthTech | 9 |
Consumer | 6 |
Life Sciences | 5 |
Others | 35 |
Note: We have considered here, only first round of investments
Trust Ventures' Investments by Geography
Trust Ventures has made most investments in United States (30), followed by Israel where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 30 |
Israel | 1 |
Note: We have considered here, only first round of investments
Trust Ventures' recent investments
Trust Ventures has made 5 investments in 2026 so far. Base Power and Antora are the latest among them.Here are the most recent investments by Trust Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 03, 2026 | United States | Series D | 1880 | [+13] | |
Jul 20, 2026 | United States | Series C | 9023 | [+12] | |
Jul 14, 2026 | United States | Series A | 6585 | [+8] | |
Jun 11, 2026 | United States | Series A | 1970 | [+4] | |
Apr 06, 2026 | United States | Series A | 7954 | [+7] |
Unicorns in Trust Ventures' Portfolio
Trust Ventures has 1 unicorn in its portfolio - Base Power. The most recent unicorn in their portfolio is Base Power which became a unicorn in 2025.Here is a list of unicorns in Trust Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Provider of battery storage system | 2023 | Austin | Series D | dqepexj |
IPOs and Publicly Listed companies in Trust Ventures' Portfolio
1 of Trust Ventures' portfolio company became public - Oklo. It got listed on the New York Stock Exchange (NYSE), in May 2024.Here are Trust Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 10, 2024 | - | - | 8692 |
Acquired companies in Trust Ventures' Portfolio
4 companies from Trust Ventures' portfolio have been acquired. The most recent acquisition was Ostro in Mar 2026 by Veeva Systems for $*****.Here are Trust Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 10, 2026 | Nov 30, 2022 | Series B | 7492 | |
Oct 11, 2022 | Mar 26, 2021 | Series A | 3645 | |
Aug 04, 2022 | - | - | 3097 | |
Oct 07, 2021 | - | - | 4746 |
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Team profile of Trust Ventures
Trust Ventures has a team of 16 members including 3 Partners, 7 Venture Partners and 3 Principals located in United States. Trust Ventures' team sits on the board of 3 companies.Here is a list of top team members in Trust Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Austin | |||
Partner | Austin | - | ||
Partner | Austin | - | ||
Venture Partner | Austin | - | - | |
Venture Partner | Austin | - | ||
Venture Partner | Austin | - | - | |
Venture Partner | San Francisco | - | ||
Venture Partner | Boca Raton | - | ||
Venture Partner | United States | - | - | |
Venture Partner | - | - | - | |
Principal | Austin | - |
Co-investors of Trust Ventures
Over the past 8 years, 285 investors have co-invested in Trust Ventures's portfolio companies. This includes funds and angels.
- Invested before Trust Ventures: Techstars, Alumni Ventures and 47 others have invested in rounds before Trust Ventures. There are 3 companies where Techstars has invested before Trust Ventures and 2 companies where Alumni Ventures has invested before Trust Ventures.
- Top Co-investors of Trust Ventures: 123 investors entered a company along with Trust Ventures. These include investors like Andreessen Horowitz (3 companies).
- Invested after Trust Ventures: A total of 113 investors have invested in Trust Ventures's portfolio after their investments. Top Investors include Bond Capital (3 companies), Ensemble (2 companies) and Fidji Simo (2 companies).
Recent News related to Trust Ventures
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Antora Energy raises $150m to ramp up thermal battery productionIREI•Feb 23, 2024•Antora Energy, BlackRock, Temasek, Emerson Collective and 11 others
