True Ventures

True Ventures, established in 2005, is a prominent venture capital firm based in Palo Alto, California, with an additional office in San Francisco. The firm specializes in early-stage technology investments, focusing on seed and Series A financing. True Ventures invests in a broad range of sectors, including commerce, consumer, hardware, health, and infrastructure technologies, as well as emerging markets such as e-commerce, mobile, and software services. The firm typically invests between $0.25 million and $3 million per round, aiming for a stake of approximately 20%. With over $3.8 billion under management and a team of over 40 professionals, True Ventures has supported more than 350 companies, creating over 85,000 jobs worldwide. The firm was recognized as Venture Firm of the Year by the National Venture Capital Association in 2018.

Philip Black

Co-Founder

Caroline Ciaramitaro

Associate

Gus Coldebella

Partner

Adam D'Augelli

Partner

Sahiti Enjeti

Associate

Ulrike Kellmereit

CFO

Om Malik

Partner

Fiona McCarthy

Principal

John O'Connell

Associate

Toni Schneider

Partner

Natasha Sharma

Principal

Jim Stewart

COO

Christiaan Vorkink

Vice President

Ann Weiss

Partner

Ariel Winton-Jones

Principal

Past deals in Music Streaming

Yousician

Series B in 2021
Yousician is a leading music education platform with over 25 million users, specializing in innovative software for learning musical instruments. The company offers real-time feedback for users playing instruments such as guitar and piano, utilizing advanced audio technology that can recognize sounds from real acoustic or electric guitars without additional equipment. Yousician's platform combines engaging game-like features with structured lessons and exercises, making the learning process enjoyable and motivating. In addition to its primary offering, Yousician also develops Guitar Tuna, a popular guitar tuner app. The company has received multiple international awards for its contributions to music education and aims to make musicality as common as literacy.

Splice

Series C in 2019
Splice is a music creation platform that empowers music creators by providing a comprehensive suite of tools for music production. It features an extensive library of high-quality licensed samples and utilizes advanced artificial intelligence to facilitate sound discovery and inspiration. The platform supports collaboration among musicians, allowing them to store, save, and share music project files in the cloud. Additionally, Splice offers affordable access to plugins and digital audio workstations (DAWs) through a rent-to-own marketplace, making professional music production more accessible. Based in New York and co-founded by Steve Martocci and Matt Aimonetti, Splice is led by CEO Kakul Srivastava and aims to enhance the creative process for musicians across various mediums, including broadcasting, independent films, and commercials.

Splice

Series B in 2017
Splice is a music creation platform that empowers music creators by providing a comprehensive suite of tools for music production. It features an extensive library of high-quality licensed samples and utilizes advanced artificial intelligence to facilitate sound discovery and inspiration. The platform supports collaboration among musicians, allowing them to store, save, and share music project files in the cloud. Additionally, Splice offers affordable access to plugins and digital audio workstations (DAWs) through a rent-to-own marketplace, making professional music production more accessible. Based in New York and co-founded by Steve Martocci and Matt Aimonetti, Splice is led by CEO Kakul Srivastava and aims to enhance the creative process for musicians across various mediums, including broadcasting, independent films, and commercials.

Splice

Series A in 2014
Splice is a music creation platform that empowers music creators by providing a comprehensive suite of tools for music production. It features an extensive library of high-quality licensed samples and utilizes advanced artificial intelligence to facilitate sound discovery and inspiration. The platform supports collaboration among musicians, allowing them to store, save, and share music project files in the cloud. Additionally, Splice offers affordable access to plugins and digital audio workstations (DAWs) through a rent-to-own marketplace, making professional music production more accessible. Based in New York and co-founded by Steve Martocci and Matt Aimonetti, Splice is led by CEO Kakul Srivastava and aims to enhance the creative process for musicians across various mediums, including broadcasting, independent films, and commercials.

Crossfader

Venture Round in 2014
Crossfader is an online music application platform designed to simplify the process of creating music mashups. It allows users to mix and match existing songs effortlessly, turning anyone into a DJ within seconds. The app fosters a large community where users can discover, remix, and share their creations with others globally. By providing an accessible way to engage with music, Crossfader enhances the user experience and encourages creativity in music production.

Splice

Seed Round in 2013
Splice is a music creation platform that empowers music creators by providing a comprehensive suite of tools for music production. It features an extensive library of high-quality licensed samples and utilizes advanced artificial intelligence to facilitate sound discovery and inspiration. The platform supports collaboration among musicians, allowing them to store, save, and share music project files in the cloud. Additionally, Splice offers affordable access to plugins and digital audio workstations (DAWs) through a rent-to-own marketplace, making professional music production more accessible. Based in New York and co-founded by Steve Martocci and Matt Aimonetti, Splice is led by CEO Kakul Srivastava and aims to enhance the creative process for musicians across various mediums, including broadcasting, independent films, and commercials.

Schematic Labs

Venture Round in 2013
Schematic Labs is a mobile technology company focused on creating entertainment applications for Android and iOS devices. Specializing in mobile social entertainment, the company develops software that allows users to share music and engage with others in a social context. Through its innovative applications, Schematic Labs aims to enhance the way users experience and interact with music on their mobile devices.

TastemakerX

Series B in 2013
TastemakerX is a music-discovery platform that allows users to explore, listen to, and share their musical tastes with an online community. The application enables music lovers to curate collections of their favorite artists and discover new music by browsing the selections of others. Users can engage with artists through various services such as Spotify, Soundcloud, YouTube, and more, creating a comprehensive and interactive experience. TastemakerX aims to revitalize the joy of music discovery by fostering connections among users, much like the passionate recommendations from record store clerks and music critics. The platform's latest version, TastemakerX 2.0, was launched in September 2013, enhancing its capabilities for both iOS and web users.

Crossfader

Seed Round in 2013
Crossfader is an online music application platform designed to simplify the process of creating music mashups. It allows users to mix and match existing songs effortlessly, turning anyone into a DJ within seconds. The app fosters a large community where users can discover, remix, and share their creations with others globally. By providing an accessible way to engage with music, Crossfader enhances the user experience and encourages creativity in music production.

Crossfader

Venture Round in 2012
Crossfader is an online music application platform designed to simplify the process of creating music mashups. It allows users to mix and match existing songs effortlessly, turning anyone into a DJ within seconds. The app fosters a large community where users can discover, remix, and share their creations with others globally. By providing an accessible way to engage with music, Crossfader enhances the user experience and encourages creativity in music production.

TastemakerX

Series A in 2012
TastemakerX is a music-discovery platform that allows users to explore, listen to, and share their musical tastes with an online community. The application enables music lovers to curate collections of their favorite artists and discover new music by browsing the selections of others. Users can engage with artists through various services such as Spotify, Soundcloud, YouTube, and more, creating a comprehensive and interactive experience. TastemakerX aims to revitalize the joy of music discovery by fostering connections among users, much like the passionate recommendations from record store clerks and music critics. The platform's latest version, TastemakerX 2.0, was launched in September 2013, enhancing its capabilities for both iOS and web users.

Yousician

Seed Round in 2012
Yousician is a leading music education platform with over 25 million users, specializing in innovative software for learning musical instruments. The company offers real-time feedback for users playing instruments such as guitar and piano, utilizing advanced audio technology that can recognize sounds from real acoustic or electric guitars without additional equipment. Yousician's platform combines engaging game-like features with structured lessons and exercises, making the learning process enjoyable and motivating. In addition to its primary offering, Yousician also develops Guitar Tuna, a popular guitar tuner app. The company has received multiple international awards for its contributions to music education and aims to make musicality as common as literacy.

Schematic Labs

Series A in 2011
Schematic Labs is a mobile technology company focused on creating entertainment applications for Android and iOS devices. Specializing in mobile social entertainment, the company develops software that allows users to share music and engage with others in a social context. Through its innovative applications, Schematic Labs aims to enhance the way users experience and interact with music on their mobile devices.

Bandcamp

Series A in 2010
Bandcamp is a music publishing platform that enables musicians to host their homepages and stream full tracks and albums. It provides tools for artists to manage their fanbase, interact with followers, and sell music directly to consumers. The platform allows users to stream purchased music, follow their favorite artists, and maintain wish lists while exploring music from similar fans. Bandcamp also offers real-time statistics and music chart reporting, which helps artists understand their audience and market their work effectively. Through its features, the platform supports both emerging and established musicians in reaching their fans and distributing their music efficiently.

Schematic Labs

Seed Round in 2010
Schematic Labs is a mobile technology company focused on creating entertainment applications for Android and iOS devices. Specializing in mobile social entertainment, the company develops software that allows users to share music and engage with others in a social context. Through its innovative applications, Schematic Labs aims to enhance the way users experience and interact with music on their mobile devices.

TuneIn

Series A in 2009
TuneIn, Inc. is a prominent live audio streaming service that delivers a diverse range of content, including live sports, music, news, and podcasts. Founded in 2002 and headquartered in San Francisco, California, TuneIn boasts a significant user base of 75 million monthly active users and offers access to over 100,000 radio stations, along with more than 5.7 million podcasts. The platform provides a premium subscription service that features commercial-free news from major networks and curated music channels. TuneIn's services are accessible in 197 countries across more than 200 devices, including smart speakers, TVs, and mobile platforms, allowing users to enjoy audio content seamlessly in various settings. The company is also recognized for its integration with voice assistants such as Alexa, Siri, and Google Assistant, enhancing the listening experience for users worldwide.
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