Venture Capital

True Ventures

True Ventures is an early-stage venture capital firm founded in 2006 by Jon Callaghan and Phil Black and headquartered in Palo Alto / San Francisco, California. Operating under a "first to believe" thesis, True writes the initial institutional check and stays invested through every subsequent stage of a company's journey, concentrating on pre-seed, seed, and Series A rounds with check sizes reported in the roughly $500K-$15M range. The firm invests broadly across technology and founder-led categories including software and developer infrastructure, consumer products and internet, healthcare and life sciences, hardware and robotics, climate and energy, security, and AI. With more than $3.8B in committed capital, True has backed 1,050+ founders across 500+ companies since inception, with notable early checks into Fitbit, Peloton, Ring, Automattic/WordPress, HashiCorp, Duo Security, Sweetgreen, Bluesky, and Splice. True is known for its founder-first platform, the True University founder camps, and long-term conviction-led early ownership.

50 portfolio companies 11 publish APIs here 12 properties
Venture CapitalPre-SeedSeedSeries ADeveloper ToolsInfrastructureConsumerHealthcareHardwareArtificial IntelligenceSecurityClimateSan FranciscoNorth America

True Ventures has 50 portfolio companies tracked on the APIs.io network, of which 11 (22%) publish APIs indexed here.

Its highest-rated API providers on the network are Pipedream, Tray.ai, Fitbit, Ditto, Solo.io.

Portfolio on the Network

Portfolio companies that publish APIs indexed on APIs.io, grouped by their API Evangelist rating. Exemplar and Strong are expanded by default.

Exemplar 1 Complete, well-documented, and agent-ready
Strong 1 Solid coverage with minor gaps
Developing 3 Usable, with meaningful gaps to close
Thin 4 Limited public surface area
Emerging 2 Early or largely undocumented

Rest of Portfolio

39 further portfolio companies that don’t yet have a provider page on the network.

AristotleAtticusAudosBasecamp ResearchBear Flag RoboticsBible ChatBlue Bottle CoffeeCasaDaydreamDiggEnvedaErnestaFerootGatherGoodreadsGridwareHandshakeHatchHi MarleyKettleMadison ReedMakerBotModerneNectar SocialNixtlaPayNearMePelotonPolsiaRadiantGraphRingSailplaneSandbarSpliceSweetgreenTenkaraThe Nuclear CompanyUnderstoryVersVeza

Scroll for all 39

Properties

Portfolio

Where the firm publishes its investments

Team

Partners and investing staff

Content

Blog, podcast, newsletter, and research

Firm

The firm itself

Other

Everything else declared in apis.yml

Source (apis.yml)

apis.yml Raw ↑
aid: true-ventures
name: True Ventures
description: >-
  True Ventures is an early-stage venture capital firm founded in 2006 by Jon Callaghan and Phil Black and
  headquartered in Palo Alto / San Francisco, California. Operating under a "first to believe" thesis, True
  writes the initial institutional check and stays invested through every subsequent stage of a company's
  journey, concentrating on pre-seed, seed, and Series A rounds with check sizes reported in the roughly
  $500K-$15M range. The firm invests broadly across technology and founder-led categories including software
  and developer infrastructure, consumer products and internet, healthcare and life sciences, hardware and
  robotics, climate and energy, security, and AI. With more than $3.8B in committed capital, True has backed
  1,050+ founders across 500+ companies since inception, with notable early checks into Fitbit, Peloton,
  Ring, Automattic/WordPress, HashiCorp, Duo Security, Sweetgreen, Bluesky, and Splice. True is known for its
  founder-first platform, the True University founder camps, and long-term conviction-led early ownership.
image: https://www.trueventures.com/favicon.ico
x-type: venture-capital
x-category: Venture Capital
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.20'
tags:
  - Venture Capital
  - Pre-Seed
  - Seed
  - Series A
  - Developer Tools
  - Infrastructure
  - Consumer
  - Healthcare
  - Hardware
  - Artificial Intelligence
  - Security
  - Climate
  - San Francisco
  - North America
apis: []
common:
  - type: Website
    url: https://www.trueventures.com/
  - type: Portfolio
    url: https://www.trueventures.com/portfolio
  - type: Portfolio
    url: portfolio/true-ventures-portfolio.yml
  - type: Team
    url: https://www.trueventures.com/team
  - type: Team
    url: team/true-ventures-team.yml
  - type: InvestmentThesis
    url: https://www.trueventures.com/founders
  - type: Blog
    url: https://www.trueventures.com/blog
  - type: Jobs
    url: https://jobs.trueventures.com/companies
  - type: Pitch
    url: mailto:pitch@trueventures.com
  - type: Crunchbase
    url: https://www.crunchbase.com/organization/true-ventures
  - type: LinkedIn
    url: https://www.linkedin.com/company/true-ventures
  - type: Twitter
    url: https://x.com/trueventures
  - type: Features
    data:
      - "Stage: Pre-Seed, Seed, Series A"
      - "Typical check: ~$500K-$15M (reported)"
      - "Sectors: developer tools, infrastructure, consumer, healthcare, hardware/robotics, security, climate/energy, AI"
      - "Geography: Primarily United States"
      - "Committed capital: $3.8B"
      - "Portfolio: 500+ companies; 1,050+ founders backed"
      - "Founded: 2006"
      - "HQ: Palo Alto / San Francisco, California, USA"
    sources:
      - https://www.trueventures.com/
      - https://elev-x.com/news-insights/article-true-ventures-review/
      - https://www.crunchbase.com/organization/true-ventures
    updated: '2026-07-17'
maintainers:
  - FN: Kin Lane
    email: info@apievangelist.com
    url: https://apievangelist.com
  - FN: APIs.json
    url: http://apisjson.org
  - FN: True Ventures
    url: https://www.trueventures.com/