True Wealth Ventures, an Austin, TX-based early-stage, venture capital fund investing in women with ideas to change the world through innovative solutions in the sustainable consumer and consumer health sectors, closes its first fund, with $19.1m in committed capital.
Over 80% of limited partners are women. The firm will use the funds to invest in women-led, sustainable consumer and consumer health technology companies in the next several years in the Texas area and greater U.S.
Led by seasoned entrepreneurs and investors Sara Brand and Kerry Rupp, True Wealth Ventures will leverage their newest fund to select approximately 12 companies and scale these businesses.
The firm’s initial investments include UnaliWear, a smart watch for the senior population to guard against falls and other risks, and BrainCheck, a startup that exists as a cognitive testing platform to manage mental health.
This year, True Wealth Ventures will additionally launch the first annual True Wealth Ventures Startup Pitch Session during SXSW Interactive in Austin. The firm encourages applications from companies and organizations that are addressing problems, gaps and issues in the sustainable consumer and consumer health and wellness verticals.
Companies interested in applying should have at least one woman of significant decision-making authority and with significant ownership on the founding and/or executive team. To apply, visit http://truewealthvc.com/startup-pitch/.