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It’s official!

By Toni Schneider, August 28, 2006

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After 9 months of fundraising we have officially closed our first fund: True Ventures I. We had an initial closing a few months ago and have started to make investments. The final close has brought our fund size to $155m. At the upper end of our original target range, but still true to our aim of creating a fund that is small enough to invest in very early stage deals and big enough to provide follow on financings. There’s some coverage at PE Week, Paid Content and Silicon Beat.