July 19, 2022 – True Wealth Ventures: Q3 2022 Newsletter

In June, we announced the close of our oversubscribed $35 million Fund II and the news was shared on the Nasdaq Tower in Times Square! The Fund II close follows our 2018 $19.1 million Fund I — the largest venture capital fund ever raised at that time with an explicit gender-diversity strategy. True Wealth Ventures’ total AUM is now about $60 million. In addition to our focus on investing in women-led companies, another key differentiator is that more than 75% of capital raised by True Wealth Ventures across Fund I & Fund II is backed by 80% female LPs.

“While our primary mission continues to be getting early-stage capital to female founders whose core value proposition is improving environmental or human health, our secondary mission has been to facilitate more women investing into this asset class as LPs,” said Sara T. Brand, True Wealth Ventures founding general partner. “We not only believe this is the fastest way to change the gender inequality in the VC ecosystem, we also believe it is critical for our country’s innovation economy with the wealth shifting to women.” The news was covered in an exclusive article by Anita Ramaswamy in TechCrunch.”In an ecosystem where women make up just 2.4% of partners at venture firms, and considering that the vast majority of first-time funds never actually make it to closing, Brand and Rupp are used to beating the odds.”Read the full press release here. The story was also picked up by a number of other media outlets, including: PitchBook, Private Equity Wire and Venture Capital Journal

Abbie Strabala has recently joined us as Associate. She will be based in San Francisco.

Abbie was most recently Investment Analyst at RH Capital, a fund investing in early stage companies that are driving innovation, access, and equity across the women’s health space. She previously served as Finance & Ops Manager at their sister non-profit, Rhia Ventures, working to create a vibrant US market for sexual, reproductive, and maternal health that produces equitable outcomes for all. Before that, she worked in LGBTQ+advocacy at the National Center for Lesbian Rights. We’re so excited to have Abbie on board!

Are you interested in hearing when True Wealth Ventures Fund III is open for investment? If you’re an accredited investor, sign up here and we’ll notify you when we start fundraising which will likely be in 2025. Would you like to learn more about what it means to invest in a venture capital fund? We will be hosting periodic “VC Primer” sessions on this topic later this year. Sign up here to be notified of upcoming zooms.

We are actively investing in women-led companies improving environmental or human health (more on investment focus), so please send companies our way. We also have a simple web form for a founder to submit their company for our review that outlines our investment criteria.

Sara Brand & Kerry Rupp

True Wealth Ventures

General Partners