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TrueBridge has built a platform of complementary venture capital strategies to complement its primary fund investment strategy over the last decade, including the successful launches of TrueBridge Direct Funds I and II, and also investments in leading and emerging seed and micro-VC managers.
FREMONT, CA: Venture capital investment firm TrueBridge Capital Partners has declared the closure of its first venture capital fund-of-funds focused solely on seed and micro-VC firms, TrueBridge Capital Partners Seed & Micro-VC Fund I, L.P., with $170 million in limited partner commitments. The fund will invest in high-performing fund managers who raise funds of $200 million or less and/or invest in companies in their early stages. The fund surpassed its fundraising goal thanks to strong support from existing limited partners as well as new investors, including foundations and endowments, family offices, pension funds, and high-net-worth individuals.
"We have partnered with the best seed managers – both established and emerging – almost since the inception of the firm," stated Edwin Poston, co-founder and general partner of TrueBridge. "The launch of our dedicated Seed & Micro-VC Fund is a logical extension of those efforts, and we're excited to expand our platform in a way that allows us to continue investing in those managers who are focused on the earliest stages of company development – a critical and exciting phase for startups."
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TrueBridge has kept up a focused strategy of investing in premier, access-constrained venture capital managers focused mainly on early-stage technology companies since its inception in 2007. TrueBridge has built a platform of complementary venture capital strategies to complement its primary fund investment strategy over the last decade, including the successful launches of TrueBridge Direct Funds I and II, and also investments in leading and emerging seed and micro-VC managers.
"Many firms have recently entered the seed market, but TrueBridge has been an active participant in this space for over a decade," stated David Frankel, co-founder and managing partner at Founder Collective, a seed-stage firm that made early investments in Uber, Coupang, and PillPack. "This new fund cements an already strong commitment to the earliest stage of the innovation ecosystem and we look forward to working with the team for years to come."
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