True Ventures
Founded in 2005 by Jon Callaghan and Phil Black, True Ventures is a Silicon Valley-based venture capital firm focused on seed and Series A investments. Driven by a founder-first philosophy, the firm provides early-stage capital, operational guidance, and founder network support to entrepreneurs building high-growth technology companies and defining new market categories. True Ventures acts as an early institutional partner to emerging startups, managing over $4 billion in committed capital. The firm's portfolio spans transformative sectors including artificial intelligence, climate technology, deep tech, digital health, robotics, bio-therapeutics, and consumer innovation.
True Ventures is a Silicon Valley–based venture capital firm headquartered in Palo Alto, California, focused on investing in early-stage technology startups.
Since its founding in 2005, True has built a reputation for its founder-first investment strategy, partnering with visionary entrepreneurs who are solving meaningful problems and introducing innovative solutions to global markets.
Notable investments include industry-shaping companies such as Peloton, Fitbit, Blue Bottle Coffee, Ring, and Sweetgreen.
AREAS OF EXPERTISE
Early-Stage Funding & Growth Capital – True Ventures specializes in pre-seed, seed, and Series A investments, with a particular focus on technology-driven startups.
Founder-First, Human-Centered Support – Beyond capital, True provides mentorship, operational guidance, and cultural support to help founders build resilient, inclusive, and mission-driven organizations.
Diverse & Innovative Portfolio – With a presence across multiple industries, True backs startups in AI and machine learning, climate technology, biotechnology, enterprise infrastructure, consumer products, personal wellness, and deep tech.
Scale & Reach with Committed Capital – The firm manages over $3.8 billion in committed capital and has supported more than 450 companies globally, enabling them to seed new ventures and double down on high-growth opportunities.
Backing AI-Native & Deep Tech Startups – True is increasingly focused on AI-native companies, supporting platforms, tools, and infrastructure powered by AI, machine learning, and other frontier technologies—positioning the firm as an early supporter of transformative innovation.