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February 14, 2014 12:03 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TZR77oyuOuI/
True Ventures Is Raising $250M For Its Fourth Fund
An SEC filing details that True Ventures is looking to raise a new$250 million fund, its fourth. True Ventures’ last fund clocked in at$205 million, as TechCrunch reported at the time. According to the filing, the raise is fresh. However, given the track record that True has racked up recently, I doubt that it will have too much trouble filling out the funding. Fortune reported in late January that True had more than$225 million in capital commitments in place for the new fund. TechCrunch has reached out to True Ventures for comment regarding the raise. True Ventures, founded in 2006, had more than$600 million under management before the new raise schedule, meaning that the firm will have taken in more than 80% of a billion dollars when the current traunch is settled. In terms of investments, True has invested in technology firms like Makerbot, About.me, Fitbit, Automattic, and TastemakerX, not to mention Blue Bottle coffee, an investment that some have called exotic. With new capital True can keep up its pace of investments, furthering the current technology blush we find ourselves. When the round closes, we’ll bring you the news.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TZR77oyuOuI/
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