True Ventures
Seed and Series A venture capital firm · San Francisco
True Ventures is a Seed and Series A venture capital firm based in San Francisco that typically writes $250K–$2M checks in AI/ML, SaaS and Consumer. DryPowder has no SEC Form D on file for True Ventures as of June 3, 2026. Partners at True Ventures include Dave Balter and Lina Bhula.
Updated · Sources: fund website, press
- Typical check
- $250K–$2M
- Stages
- Seed, Series A
- Headquarters
- San Francisco
Overview
True Ventures at a glance
- Stage
- Seed, Series A
- Check size
- $250K–$2M
- Sectors
- AI/ML, SaaS, Consumer, Robotics, Biotech, Infrastructure
- Headquarters
- San Francisco
- Cold inbound
- Accepted
- Website
- trueventures.com
Investment thesis
Accelerating AI-native founders at the earliest stages. Lead early rounds in companies and founders building the future, providing that first check before others think you're onto something.
Stated on trueventures.comWEBSITE
What sets True Ventures apart
- 20-year founder community with peer-to-peer support model
- Track record of investing in pre-hype companies before market validation
- True Platform community infrastructure for portfolio support
- Founder-centric positioning emphasizing peer networks over institutional resources
Recent investments
DryPowder has tracked these recent investments from True Ventures: Sailplane, Lex AI and Moneta.
What the portfolio shows
Portfolio 34
Backed: Veza, Sandbar, Enveda + 31 more
Partners
4 partners at True Ventures
- Dave Balter
- Lina Bhula
- Puneet Agarwal
Activity
Deployment evidence
SEC Form D filings
DryPowder has no SEC Form D on file for True Ventures in the last three years.
In the news
See all in deal flowSimilar funds
Funds like True Ventures
Basecase CapitalSaaS, Developer Tools · $1M–$5M
NFXAI/ML, Biotech · $250K–$2M
CompoundAI/ML, Robotics
Inception Studio CapitalAI, Healthcare · $100K–$1.5M
Kima VenturesSaaS, AI/ML · $150K
Investor lists that include True Ventures
FAQ
Questions about True Ventures
What does True Ventures invest in?
True Ventures is a Seed, Series A stage AI/ML, SaaS, Consumer, Robotics, Biotech, Infrastructure investor, typically writing $250K – $2M checks, primarily investing in US. Their thesis: Accelerating AI-native founders at the earliest stages. Lead early rounds in companies and founders building the future, providing that first check before others think you're onto something.
What check size does True Ventures write?
True Ventures typically writes $250K – $2M checks at the Seed, Series A stage in AI/ML, SaaS, Consumer, Robotics, Biotech, Infrastructure.
What makes True Ventures different from other funds?
True Ventures stands out on 4 points: 20-year founder community with peer-to-peer support model; Track record of investing in pre-hype companies before market validation; True Platform community infrastructure for portfolio support; Founder-centric positioning emphasizing peer networks over institutional resources.
What has True Ventures invested in recently?
Recent investments DryPowder has tracked from True Ventures include Sailplane, Lex AI, Moneta.
What other funds are similar to True Ventures?
Funds with an overlapping stage and sector focus include Basecase Capital, NFX, Compound.
How do I reach True Ventures?
True Ventures accepts cold inbound, so a warm introduction is not required. True Ventures publishes an application route at https://trueventures.com/portfolio.
Sources
- Website: True Ventures website (trueventures.com)
- Press: techcrunch.com article mentioning True Ventures,
- Method: How DryPowder builds its data
Updated