True Ventures wraps up two funds at combined $635 mln
True Ventures, a backer of Blue Bottle Coffee, Fitbit, Madison Reed and Ring, announced today the closing of its sixth early-stage fund at $350 million and its third Select Fund at $285 million. The firm, with offices in San Francisco and Palo Alto, announced in 2017 a $112 million second select fund to make growth investments in its portfolio companies, and it raised $310 million for its fifth fund in 2016.True Ventures, a backer of Blue Bottle Coffee, Fitbit and Ring, announced today the closing of its sixth early-stage fund at $350 million and its third Select Fund at $285 million. The firm, with offices in San Francisco and Palo Alto, announced in 2017 a $112 million second select fund to make growth investments in its portfolio companies, and it raised $310 million for its fifth fund in 2016.
