True Ventures is a Silicon Valley-based venture capital firm founded in 2005 by Jon Callaghan, Phil Black. See contact routes.
True Ventures is a Silicon Valley-based venture capital firm founded in 2005 by Jon Callaghan, Phil Black, and John Burke that specializes in early-stage technology startups [1][3]. The firm invests primarily at the pre-seed, seed, and Series A stages with a sector-agnostic approach that now emphasizes AI-native companies alongside traditional sectors like hardware, consumer devices, and climate [3][4][13]. Typical check sizes range from $500,000 to $15 million, with a median initial investment of $1.4 million, and the firm frequently leads seed rounds while committing to support companies through subsequent stages [5][9][14]. Notable portfolio companies include Fitbit, Ring, Peloton, and MakerBot, reflecting the firm’s historical strength in hardware and connected consumer devices [3]. True Ventures distinguishes itself by positioning as a human capital partner rather than just a capital provider, offering operational support and community access through its True Platform [13]. The firm manages approximately $4 billion across twelve funds as of 2025 and has partnered with over 1,050 founders across 500+ companies [3].
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