Fundraisers

True Ventures raises $635m

The California headquartered investment firm has announced the final close on its two funds.

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True Ventures has held the final close on its sixth early stage fund, True Ventures VI, at $350 million and its third select fund, True Ventures Select III, at $285 million. The two funds are backed by existing investors.

Fund VI will continue to invest in VC firms across a range of industries including enterprise software, connected devices, consumer brands, cryptocurrency, and digital biology, while Select III will focus on portfolio companies that have achieved meaningful market traction.