True Ventures is a venture capital firm founded in 2005 and based in Palo Alto, California, with an additional office in San Francisco. It specializes in investing in early-stage technology startups, focusing on sectors such as commerce, consumer products, health, and infrastructure technologies, including areas like e-commerce, mobile, and cloud computing. The firm typically provides seed and Series A financing, preferring to invest between $0.25 million and $3 million for a stake of 22 to 25 percent in the companies it supports. True Ventures is dedicated to empowering entrepreneurs, fostering creativity, and promoting professional growth through its True Platform, which offers various programs for founders. With a team of over 40 professionals, True Ventures has helped launch and scale more than 350 companies, contributing to the creation of over 85,000 jobs worldwide. The firm has received recognition, including being named Venture Firm of the Year by the National Venture Capital Association in 2018.
Understory, Inc. is a weather infrastructure and analytics company that specializes in real-time data collection and analysis of weather events, including rain, hail, and wind, directly at the earth's surface. Founded in 2012 and based in Madison, Wisconsin, Understory builds and operates networks of patented RTi weather stations that deliver precise measurements at an unprecedented frequency. These stations provide critical data for insurance companies, property owners, and academic institutions, enabling enhanced property-level analytics and accurate weather risk assessment. The company's offerings include precision reports on hail, wind, and precipitation, as well as weather verification reports detailing various weather conditions. Understory's advanced technology, which features wireless data transmission and cloud-based artificial intelligence, aims to transform the understanding of weather globally, while also providing parametric insurance services to help businesses mitigate financial risks associated with severe weather.
Kettle
Series A in 2021
Kettle Inc. is an innovative company that has developed an online risk analysis platform for the insurance industry, focusing on reinsurance solutions amid the challenges posed by climate change. Founded in 2020 and based in Kensington, California, Kettle utilizes advanced deep learning algorithms to analyze over seven billion lines of satellite, weather, and ground truth data. By employing Swarm Neural Networks, the platform identifies patterns that enhance predictive accuracy, ultimately helping insurers manage and balance their risk portfolios. Kettle's technology aims to reduce loss ratios by enabling more effective underwriting of catastrophic risks, positioning the company as a key player in the evolving landscape of climate-related insurance.
Kettle
Seed Round in 2020
Kettle Inc. is an innovative company that has developed an online risk analysis platform for the insurance industry, focusing on reinsurance solutions amid the challenges posed by climate change. Founded in 2020 and based in Kensington, California, Kettle utilizes advanced deep learning algorithms to analyze over seven billion lines of satellite, weather, and ground truth data. By employing Swarm Neural Networks, the platform identifies patterns that enhance predictive accuracy, ultimately helping insurers manage and balance their risk portfolios. Kettle's technology aims to reduce loss ratios by enabling more effective underwriting of catastrophic risks, positioning the company as a key player in the evolving landscape of climate-related insurance.
Understory
Series B in 2019
Understory, Inc. is a weather infrastructure and analytics company that specializes in real-time data collection and analysis of weather events, including rain, hail, and wind, directly at the earth's surface. Founded in 2012 and based in Madison, Wisconsin, Understory builds and operates networks of patented RTi weather stations that deliver precise measurements at an unprecedented frequency. These stations provide critical data for insurance companies, property owners, and academic institutions, enabling enhanced property-level analytics and accurate weather risk assessment. The company's offerings include precision reports on hail, wind, and precipitation, as well as weather verification reports detailing various weather conditions. Understory's advanced technology, which features wireless data transmission and cloud-based artificial intelligence, aims to transform the understanding of weather globally, while also providing parametric insurance services to help businesses mitigate financial risks associated with severe weather.
Understory
Series A in 2016
Understory, Inc. is a weather infrastructure and analytics company that specializes in real-time data collection and analysis of weather events, including rain, hail, and wind, directly at the earth's surface. Founded in 2012 and based in Madison, Wisconsin, Understory builds and operates networks of patented RTi weather stations that deliver precise measurements at an unprecedented frequency. These stations provide critical data for insurance companies, property owners, and academic institutions, enabling enhanced property-level analytics and accurate weather risk assessment. The company's offerings include precision reports on hail, wind, and precipitation, as well as weather verification reports detailing various weather conditions. Understory's advanced technology, which features wireless data transmission and cloud-based artificial intelligence, aims to transform the understanding of weather globally, while also providing parametric insurance services to help businesses mitigate financial risks associated with severe weather.
Understory
Seed Round in 2014
Understory, Inc. is a weather infrastructure and analytics company that specializes in real-time data collection and analysis of weather events, including rain, hail, and wind, directly at the earth's surface. Founded in 2012 and based in Madison, Wisconsin, Understory builds and operates networks of patented RTi weather stations that deliver precise measurements at an unprecedented frequency. These stations provide critical data for insurance companies, property owners, and academic institutions, enabling enhanced property-level analytics and accurate weather risk assessment. The company's offerings include precision reports on hail, wind, and precipitation, as well as weather verification reports detailing various weather conditions. Understory's advanced technology, which features wireless data transmission and cloud-based artificial intelligence, aims to transform the understanding of weather globally, while also providing parametric insurance services to help businesses mitigate financial risks associated with severe weather.
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