Tuesday, May 12, 2009

True Ventures funds Inventables with $2MM in seed capital


True Ventures, portfolio company, Inventables connects buyers and vendors of materials and technologies. The company founded by Zach Kaplan was premised on the notion of sourcing and selling innovation technology. The company has raised $2 million to fund innovation marketplace by True Ventures, which manages a ~$350 million fund that targets young, early-stage technology companies.

The True Venture website states it backs great people pursuing great markets - "We work for our entrepreneurs, and we're proud of our portfolio."

The firm is led by General Partners Jon Callaghan, Phil Black and John Burke and has invested In
Automattic
GigaOM
WeGame
BrightRoll
SendMe
TextDigger
Infectious
Filtrbox
Meebo
Three Rings Design
scanR
Mindbites
appssavvy
Fitbit
Datacraft Solutions
Syncplicity
Remixation, Inc.
Hive7

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