True Ventures
True Ventures last closed a fund in September 2025 — 14 months ago. By its own rhythm, that is not yet halfway to the next one.
True Ventures has raised 4 times about every 39 months. The last was True Ventures IX, L.P. That points to Dec 2028.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
Still filing with the SEC: September 2026. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 19
- Single-deal SPVs
- 1
- Capital raised
- $3.67B
- Latest close
- September 2025
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| True Ventures Select V, L.P. | September 2025 | $56M | 0002085739 ↗ |
| True Ventures IX, L.P. | September 2025 | $172M | 0002085738 ↗ |
| True Ventures VIII, L.P. | June 2022 | $800M | 0001931070 ↗ |
| True Crypto Fund, LLC | April 2021 | $9M | 0001854837 ↗ |
| True Ventures VII-A, L.P. | August 2020 | $22M | 0001813579 ↗ |
| True Ventures II-A, L.P. | October 2008 | $13M | 0001448560 ↗ |
| True Ventures III, L.P. | — | $200M | 0001520005 ↗ |
| True Ventures III-A, L.P. | — | $25M | 0001528243 ↗ |
| True Ventures IV-A, L.P. | — | $35M | 0001603331 ↗ |
| True Ventures IV, L.P. | — | $250M | 0001598006 ↗ |
| True Ventures Select I, L.P. | — | $175M | 0001640837 ↗ |
| True Ventures V, L.P. | — | $295M | 0001669905 ↗ |
| True Ventures V-A, L.P. | — | $20M | 0001672994 ↗ |
| True Ventures Select II, L.P. | — | $175M | 0001672995 ↗ |
| True Ventures Select III, L.P. | — | $325M | 0001743352 ↗ |
| True Ventures VI, L.P. | — | $325M | 0001743351 ↗ |
| True Ventures VI-A, L.P. | — | $20M | 0001747984 ↗ |
| True Ventures VII, L.P. | — | $415M | 0001813583 ↗ |
| True Ventures Select IV, L.P. | — | $340M | 0001813582 ↗ |
| True Ventures SPV I, L.P. | May 2014 | $15M | 0001607340 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Philip Black, Jon Callaghan, Jonathan Callaghan, Puneet Agarwal, Doug Raetz, Heather Goodman, James Danforth
What True Ventures invests in
- Typical fund
- $175M median, early stage, Series A-B scale
Service providers
- Fund administrator
- Artex Capital Solutions (1 fund); no administrator reported for 19 funds
- Auditor
- EY (19 funds)
From Form ADV filed by TRUE VENTURE MANAGEMENT, L.L.C. CRD 162586 ↗, latest filing August 2026, covering 20 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.