Seed-stage venture capital firm True Wealth Ventures has held the close of its oversubscribed Fund II with $35 million in capital commitments.
The seed-stage VC firm focuses on maximizing the number of women in its funds to invest in women-led companies.
Fund II’s close follows True Wealth Ventures’ 2018 $19.1 million Fund I close — the largest venture capital fund ever raised at that time with an explicit gender-diversity strategy. Fund I’s 80% women limited partners was unprecedented. True Wealth’s total AUM is now about $60 million.
Founding General Partner Sara Brand and General Partner Kerry Rupp lead True Wealth Ventures. The impact VC firm invests exclusively in women-led companies that improve human and environmental health.
