True Ventures raises $250 million for new fund

Posted Feb 14, 2014

True Ventures is an early-stage venture capital firm that has invested in companies like 9Gag,, Blue Bottle Coffee, Flint Mobile,, GigaOM, KISSmetrics,, StockTwits, Webshots, and Urban Airship.

True Ventures has raised $250 million for a fourth fund as disclosed in a filing with the U.S. Securities and Exchange Commission. True Ventures was one of the 20 most active seed dealmakers in 2012 and 2013, according to CB Insights.

Some of their recent investments includes Npm (Node.js startup) and FitBit (wearable device company). True Ventures was founded by Jon Callaghan and Phil Black in 2006.

[Source: VentureBeat]