True Ventures raises $840m

The Silicon Valley-based venture capital firm has raised capital for two funds.

Fund name: True Ventures VII and True Ventures Select IV
Amount raised: $465 million (True VII) and $375 million (Select IV)
Stage of fundraising: Final close
Final close date: October 2020
Predecessor fund: True Ventures VI ($350 million) and True Ventures Select III ($285 million)

True Ventures has raised $465 million on True Ventures VII and $375 million on True Ventures Select IV on their final closes. The two funds will continue to invest in the early and growth stage TMT start-up companies in the US.