True Ventures, a Silicon Valley-based venture capital firm that invests in early-stage technology startups, is collectively raising $650m for two different funds.
According two regulatory forms recently filed with the SEC, the firm is raising:
– True Ventures VI, L.P., a $325m flagship fund, and
– True Ventures Select III, L.P., a $325m later-stage investment vehicle.
True provides seed and Series A funding to talented entrepreneurs in fastest growing markets, maintaining a community that supports founders and their teams, helping them achieve higher levels of success and impact.
Founded in 2005 by Jon Callaghan and Phil Black, the firm has invested in more than 250 companies, creating over 10,000 jobs worldwide to date.
Based in San Francisco and Palo Alto, True has more than $1.4 billion under management.