True Ventures

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Flint Mobile Raises $3 Million in Capital for Mobile Payments App

Tricia Duryee in Mobile on May 9 at 4:30 am PT

Flint Mobile said it has raised $3 million in a first round of capital, and that it is launching its new mobile payments app, which enables merchants to process payments with a mobile phone. But rather than requiring a merchant to buy a card reader, the app allows the merchant to snap a picture of a credit card. The round, which will be used on product development and hiring, was led by Storm Ventures and True Ventures.

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Tello Raises $2.7M to Help Businesses Get Mobile Feedback

Liz Gannes in News on February 28 at 9:00 pm PT

Tello, which helps businesses solicit feedback through iOS and Android apps and text messages rather than just waiting for it to pop up on Twitter or Yelp, has raised $2.7 million in Series A funding from True Ventures and Bullpen Capital. Katie reviewed the consumer version of the Tello product last year. Google bought a similar start-up called Talkbin last year.

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TasteMakerX Raises $1.8M for Mobile Social App Platform

Kara Swisher in Social on February 8 at 3:00 am PT

TastemakerX, a San Francisco start-up that is developing a social mobile platform focused on “targeted taste graphs,” said it had raised $1.8 million in funding from a variety of venture firms, including Guggenheim Partners, Baseline Ventures, True Ventures and Tekton Ventures, as well as angel investors. The company said it will release its TastemakerX Music mobile app as a private beta in early March 2012.

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Salesforce Pays $50M for Assistly Customer Service Platform

Liz Gannes in News on September 21, 2011 at 2:01 pm PT

Salesforce said today it has acquired the customer service platform Assistly for $50 million in cash. Assistly helps companies manage customer service through various channels like Facebook, Twitter, chat, email and phone, and is a competitor to Zendesk. That marks the third (and biggest) acquisition in one day for Assistly investor True Ventures: WeGame was bought by Tagged and VodPod assets were bought by Lockerz.

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MakerBot Raises $10 Million for 3-D Printers

Peter Kafka in News on August 23, 2011 at 2:05 pm PT

MakerBot, a start-up that makes (relatively) affordable 3-D printers, has raised a $10 million round led by Foundry Group. Other investors include RRE, True Ventures, and Amazon CEO Jeff Bezos’s personal investment group Bezos Expeditions.