True Ventures
SEC exempt reporting adviser (venture capital exemption).
- Website
- https://www.trueventures.com
- HQ
- CA
True Ventures leads pre-seed and seed rounds for founders shaping their product, defining their market, and building their team. Its team includes Puneet Agarwal, Managing Partner, and Jon Callaghan, Co-founder and Managing Partner, along with partners such as Rohit Sharma and Mike Montano. Its portfolio includes companies such as Aristotle, Basecamp Research, Handshake, Polsia, and Sandbar.
01 · Says / Does
| Tag | Says | Does |
|---|---|---|
| Stages | Pre-seed, Seed | Not enough dated deals |
| Sectors | Not stated | Not enough dated deals |
| Regions | Not stated | Not enough dated deals |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| True Ventures IX, L.P. True Ventures leads pre-seed and seed rounds, usually as the first institutional investor, backing founders early while the product, market and team take shape. It invests across frontier tech, hardware, consumer, enterprise, and biology. Inferred from the firm's website | 2025 | $172.45M to $225M (Form D) | Raising |
| True Ventures Select V, L.P. True Ventures leads pre-seed and seed rounds, usually as the first institutional investor, backing founders early while the product, market and team take shape. It invests across frontier tech, hardware, consumer, enterprise, and biology. Inferred from the firm's website | 2025 | $56.1M to $100M (Form D) | Raising |
| True Ventures VIII, L.P. True Ventures leads pre-seed and seed rounds, usually as the first institutional investor, backing founders early while the product, market and team take shape. It invests across frontier tech, hardware, consumer, enterprise, and biology. Inferred from the firm's website | approx. 2022 | $800M to $861.46M (Form D and SEC adviser filing) | Late investment period |
| True Ventures VII-A, L.P. | approx. 2020 | $22.5M to $23.8M (Form D and SEC adviser filing) | Follow-ons only |
03 · People across funds
- Jonathan Callaghan, Managing Member of the General Partner
True Ventures IX, L.P. (Named on Form D); True Ventures Select V, L.P. (Named on Form D); True Ventures VIII, L.P. (Named on Form D); True Ventures VII-A, L.P. (Named on Form D)
- Philip Black, Managing Member of the General Partner
True Ventures IX, L.P. (Named on Form D); True Ventures Select V, L.P. (Named on Form D); True Ventures VIII, L.P. (Named on Form D); True Ventures VII-A, L.P. (Named on Form D)
- Puneet Agarwal, Managing Partner
True Ventures IX, L.P. (Named on Form D); True Ventures Select V, L.P. (Named on Form D); True Ventures VIII, L.P. (Named on Form D); True Ventures VII-A, L.P. (Named on Form D)
- Adam D'Augelli
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Catherine Reller
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Jon Callaghan, Co-founder & Managing Partner
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Keerthi Nalabotu, Investment Team
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Mike Montano, Partner
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Natasha Sharma
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Phil Black
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Rohit Sharma, Partner
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Soul Dayan
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Toni Schneider
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
- Tony Conrad
True Ventures IX, L.P. (Team); True Ventures Select V, L.P. (Team); True Ventures VIII, L.P. (Team); True Ventures VII-A, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.trueventures.com
- https://www.trueventures.com/team
- https://www.trueventures.com/
- https://www.trueventures.com/companies
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026