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Thursday, June 7, 2012
True Ventures Raises $205M Third Fund
Early-stage investment firm True Ventures has raised a $205 million third fund. True says it now has $600 million management, and that it has funded more than 100 companies. It calls out some of those investments in its blog post announcing the fund. From the first fund, there's WordPress-creator Automattic and ad company BrightRoll. From the second fund, there's Salesforce.com-acquired Assistly, Adobe-acquired Typekit, and VMWare-acquired Socialcast. (On the media side, True is also an investor in GigaOm, former employer of TechCrunch writers Ryan Lawler and Colleen Taylor, and the site's founder Om Malik is a True partner.)
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