Today, we are pleased to announce the closing of True Ventures VI, which will invest in outstanding, creative Founders and their companies, and our third Select Fund, which will provide significant follow-on capital to existing True portfolio companies:
Black Lives Matter, always. True stands firmly and decisively with all those who demand justice, equality, and change. We commit our voices, power, and money to stand with Black communities and work towards dismantling systemic racism.
We're excited to expand our
#crypto
footprint with the funding of
@THORSwap
: the first multi-chain exchange using the
@THORChain
protocol, allowing users to swap tokens in one step without using an intermediary like a centralized exchange.
@CoinDesk
We're excited to support
@epnsproject
as a strategic investor! The extended seed round will help the company grow faster and build the communication pillar of
#Ethereum
and Web 3.0. Let's $PUSH for
#Web3Notif
🚀
We’re thrilled to launch Spoke: The True Ventures Scout Program designed to enable a more diverse group of people to raise venture capital and build world-changing companies.
#SpokeProgram
Thank you to the
@NVCA
for awarding us
#VentureFirmoftheYear
this evening! The entire True team is incredibly proud, honored and humbled. Congratulations to the other nominees,
@CanaanPartners
and ARCH Venture Partners.
We are honored to accept the
@NVCA
#VentureFirmoftheYear
Award, and we are grateful for the recognition from our respected and accomplished peers.
@jcal7
reflects on the success and what has made True different over the past 12 years
We launched the $BTRST token last week, and we know you have questions about it! So we're hosting an
#AMA
tomorrow, Wednesday Sep 8 at 8 AM PT!
Join us live to get your questions answered by our experts:
@adamjacksonsf
,
@gabelunao
,
@joeykrug
,
@ianIDEO
,
@adaugelli
.
.
@therecount
is expanding its product suite and widening editorial coverage to more topics outside of politics with their freshest round of funding. Congrats,
@johnbattelle
,
@jheil
and team!
@axios
Founder
@Clarence_Bethea
and his Minneapolis-based team have created a consumer-friendly platform where anyone can purchase transparent warranty plans that can be easily exercised years down the road. We’re thrilled to welcome
@UpsieHQ
to True!
We're thrilled to welcome
@najjmahal
and the team at
@somewheregood
to True! A
#mobileapp
that connects people and fosters that connection in a solely group setting, Naj believes humans crave collectivism more than individualism in a post-COVID world.
Want to join the team that's making
#web3
simple and accessible? True Portfolio company
@biconomy
is hiring a digital designer to make visual creative that has a global impact. Learn more and apply ⬇️
The 2021 True Ventures
#Fellowship
officially started this week. We welcomed 17 college students to True Portfolio companies spanning fintech, consumer hardware, SaaS, and more. Good luck to all the True Fellows as they get to work and begin their careers!
Huge congratulations to
@Clarence_Bethea
and the whole team at
@UpsieHQ
on their Series A funding! “Clarence is the type of person that when we started True, we wanted to fund. We admire his perseverance and grit to come to this point.”💯🙌 -
@puneet324
"
@Window
has so many of the qualities we look for in founders. She has deep domain expertise, is highly respected within the
#security
community, and she’s driven by a deep passion to evolve her industry." Welcome to the True Family!
@thistlesec
@MrVelvet
Co-founder of
@flipsidecrypto
and Venture Partner for True
@DaveBalter
has a unique approach to founder communications: "It's about striking a balance, setting pace and tone, keeping it personal, and embracing the element of surprise." Read what's interesting about Dave's 'Friday
We’re thrilled to announce our new philanthropic initiative, an endeavor dear to our entire team and community. Learn about how we’re supporting social entrepreneurs creating a positive impact on society, the environment, and more.
Meet
@DaveBalter
, a venture partner at True and co-founding CEO of web3 business intelligence platform
@flipsidecrypto
. Hear a bit about the expertise he adds to our community. Props, Dave, on the recent Series A raise for Flipside👏👊
From all of us at True, congrats to
@photomatt
, Mike Little, and the entire
@wordpressdotcom
community on your 20-year anniversary, creating a big part of web history and giving voice to so many.
Words and tweets are not enough, and we are committed to change through action as a firm, as a community, and industry. We support the important work of
#BlackLivesMatter
,
#NAACP
,
@NAACP
,
#MinnesotaFreedomFund
, among others. “No one is free until we are all free.”
We are thrilled to announce that
@AmyErrett
has joined True as a Venture Partner! As one of the most creative minds in consumer commerce and web-native brands, Amy brings fantastic perspective and talent to our team.
Congratulations to
@littleBits
on their acquisition of
@DIY
! “I’ve always been a fan of DIY’s mission, so when I learned that DIY co-founder Zach Klein was seeking to grow further, I jumped on the opportunity to bring our companies together.” -
@ayahbdeir
.
@Melanie_Matheu
and the rest of the team at
@PrellisBio
are hard at work on their
#COVID19
#Antibody
Project. Learn how they can isolate a pandemic-stopping antibody by leveraging the power of the human immune system in the laboratory: .
We are thrilled to welcome Co-Founders
@MaximeGermain
,
@_bgian
, and
@JustinBureau
to True! Their guided journaling app,
@WithJour
, uses the power of expressive writing to promote mindfulness and wellbeing.
.
@Automattic
's team of 1,100 people spanning 76 countries has helped build the playbook for working well together...apart. From team rituals that foster connection, to much-loved collaboration tools, hear from their Global Head of Human Resources,
@LoriLoo
Our hearts and thoughts are with the Israeli and Jewish communities. We condemn the brutal, harrowing terrorist attacks and the resulting loss of innocent life. And we stand with the people of Israel and those around the world as they mourn and find a way forward. Our love and
.
@lexdotpage
is the new
#AI
-powered writing tool that propels creators past writer's block, generates new content, and brainstorms collaboratively. Founder
@nbashaw
shares more with
@TechCrunch
's
@alex
following the company's seed funding from True:
Congratulations to
@TheRecount
founders
@jheil
and
@johnbattelle
on their Series A funding! "We're not trying to be a broad click-based news service. We want to build a journalistic brand." Learn more about The Recount on
@axios
.
Today, we are excited to announce our investment in Better Place Forests, a natural, sustainable alternative to cemeteries that preserves and protects forests from development.
@jcal7
@betterplaceusa
#betterplaceforests
“Founder
@Clarence_Bethea
is the type of entrepreneur we love to support. He is wonderfully deep, and is passionate about delivering an outstanding customer experience.” -
@cvorkink
. More on
@UpsieHQ
and this evening's ribbon-cutting ceremony at
Happy
#NationalInternDay
to the True Fellows & thank you for your hard work this summer! Since 2009, we've had the honor of helping 170+ students & recent grads begin their startup careers through our fellowship programs, aligning world-class talent with True portfolio companies.
We're excited to announce our investment in
@isTruStory
, a platform that enables its users to discover and validate claims made online, whether in a blog post, whitepaper, website, or social media post. Welcome to True,
@iam_preethi
!
What will it take to fund more women-led companies? Here’s what we think.
@anncradyweiss
shares our thoughts on The True Blog and a submission form for pitching us ideas.
#womenfounders
*Beware "false proxies"
*Make meetings worth the time
*Find the tools that work for your company
*Create a distributed culture
@automattic
's
@photomatt
shared tips for managing distributed teams and embracing
#workfromhome
on
@Inc
's Real Talk.
Big news: We’ve invested even more in the True Platform, our vehicle for providing learning & development opportunities to True-backed founders & their teams. Led by
@Veen
, the Platform team includes
@madelinekolbe
,
@vcinabeanie
, Lydia Morrison &
@mason
.
Congratulations to
@mmaser
and the whole team at
@zerofasting
on their Series A funding and the launch of Zero Plus! A premium fasting experience with custom fasting plans, responsive content, and more: .
@crunchbase
@bayareawriter
“We’re investing more in companies outside of the Valley who are ready & willing to hire top tech talent from everywhere & allowing them to continue to work from their remote location” -
@puneet324
on
#startups
changing their approach to distributed teams
We are excited to announce our investment in Founders
@kimi_le
, Joshua Nixon, and their company,
@TerraminoFoods
, a new, tasty and sustainable protein source which can satisfy meat lovers, vegetarians and vegans alike
True's
@NatashaSharma
was named in
@joinEVCA
's 2022 EVC List recognizing the top 50 emerging stars in venture capital. This recognition from the venture community is well-earned – go, Nat!
SVB has been a strong banking partner to the startup community for 40 years, and now, as we look ahead, we’ve banded together with fellow VCs to express our desire for another strong banking partner for founders.