True Ventures Posts

True Ventures raises $250 million for new fund

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True Ventures is an early-stage venture capital firm that has invested in companies like 9Gag, About.me, Blue Bottle Coffee, Flint Mobile, Ginger.io, GigaOM, KISSmetrics, Orchestrate.io, StockTwits, Webshots, and Urban Airship.
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littleBits Raises $11.1 Million

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littleBits is a New York based open hardware startup that has developed electronic Bits modules that can snap together for prototyping all sorts of products.  littleBits has raised $11.1 million in funding.
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Flint Mobile Raises $6 Million In Funding

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Flint Mobile is a mobile payments company that has raised $6 million in Series B funding led by Digicel Group.  SVG Partners, Storm Ventures, and True Ventures participated in this round as well.  Flint Mobile recently launched Android support as well.  Digicel Group is a Caribbean based wireless service.
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Splice Raises $2.75 Million

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GroupMe was sold to Skype for $85 million in 2011.  Shortly after that, GroupMe co-founder Steve Martocci started working on a new startup.  Now we know that Martocci is working on a new music startup called Splice with Matt Aimonetti.  Aimonetti used to be an engineer at LivingSocial and Sony PlayStation.

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3D Robotics Has Raised $30 Million

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3D Robotics has announced that they have raised $30 million in Series B funding from Foundry Group, True Ventures, O’Reilly AlphaTech Ventures, and SK Ventures.  3D Robotics previously raised $5 million in funding from many of the same investors.

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Academia.edu Raises $11.1 Million

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Academia.edu is a startup that has raised $11.1 million in Series B funding from Khosla Ventures, Spark Capital, and True Ventures.  Academia.edu has around 4.5 million registered researchers and hits about 8 million monthly visitors.  Academia.edu lets researchers share papers, monitor analytics on profiles and papers, and follow people in the field.
[Source: AllThingsD]

Online Inventory Company Stitch Labs Raises $3.5 Million In Series A Funding

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Stitch Labs is a cloud-based and real-time inventory company that has raised $3.5 million in Series A funding.  This investment was led by Greg Sands from Costanoa Ventures.  True Ventures and Greg Waldorf also participated in this round.

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Fitbit Raises $43 Million From Qualcomm, SAP, SoftBank, True, and Foundry

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Fitbit is a company that has created several digital fitness trackers.  Fitbit has raised $43 million in funding, according to an SEC filing found by TechCrunchQualcomm Ventures, SAP Ventures, Foundry Group, True Ventures, and SoftBank Capital participated in this round.  Fitbit’s most popular devices are the Fitbit One, Fitbit Zip, and Fitbit Flex.
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