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True Ventures
Venture capital firm · Founded 2005 · Active in 2026
True Ventures is a venture capital firm based in USA, founded in 2005. The page below shows 17 Power Law outcomes from True Ventures's portfolio — 16 unicorns ($1B+ valuation) and 1 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).
Outcomes are concentrated in Cybersecurity · Other B2B Software · Biotech & Life Sciences; top portfolio geographies are USA · Finland. True ranks #137 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.
Sequoia’s biggest exits.
Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.
The 17 True Power Law outcomes ($100M+ revenue or $1B+ valuation).
Snapshot of where the outcomes are concentrated by country, sector, and stage entered.
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USA15
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Finland2
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Cybersecurity4
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Other B2B Software4
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Biotech & Life Sciences2
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Health Tech & Medtech2
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eCommerce & Marketplaces1
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Space1
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Other1
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Marketing1
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Edtech1
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Series B+4
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Series A7
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Seed6
True’s biggest current holdings.
An estimate of True’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 4 companies where True is a named shareholder, worth about $969M in estimated equity value.
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1
Automattic
6.5%
$7.5B
$488M
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2
ICEYE
8.5%
$2.6B
$224M
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3
Handshake
4.5%
$3.5B
$158M
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4
Enveda Biosciences
10%
$1.0B
$100M
Estimated value = True’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →
True’s biggest exits.
True portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.
True's 17 Power Law outcomes.
How does True stack up?
True in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.
Share of new unicorns per year
% of global unicorns minted that year, year by year · hover the chart to see which unicornsStage focus
Companies by selected outcome stageSector focus
Companies per investor across the 10 highest-volume sectorsBeyond Unicorns — how the portfolio compounds
% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.Where Sequoia's portfolio founders come from — and where they studied.
35 founders across the 17 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Michigan Technological University and Meta are the deepest single pipelines.
Key people at True.
Market sentiment
What the market is saying about True Ventures
An AI-synthesized read of the highest-engagement posts about True on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
In the news
Latest news about True Ventures
Recent press, funding announcements, and portfolio moves mentioning True — pulled live from Dealroom's news feed.
Want the full picture on True Ventures?
The Dealroom platform tracks every round, every co-investor, and every portfolio company in real time — across 25,000+ investors and 3M+ companies globally.