True Ventures, one of the young firms leading the way as venture capitalists look to align more closely with entrepreneurs, has closed a fourth fund at $290 million, its founders told Venture Capital Dispatch.
The early-stage firm, which said it set out to raise $225 million for True Ventures IV LP, saw strong support from its limited partners, a reflection of its reputation and an improving fundraising climate for venture capital. True’s prior pool, raised in 2011, was $226 million.
