Venture Capital

Our Venture Capital Investment Thesis

We back mission-driven entrepreneurs who are building the next generation of technology companies within Consumer & Retail. We look for opportunities across B2C (e.g., Health, Finance, Education) and B2B (e.g., Retail, Supply Chain) business models, and look to leverage True’s network and expertise to help the companies we partner with. We primarily invest at Pre-Seed & Seed stages across the UK & Europe.

Why us?

Sector specialism and differentiated model

True’s multi-legged, sector-specialist business model is unique within the industry and allows us to tap into expertise and network opportunities to support the founders we work with.

Case study

Our journey with Sava

True invested in Sava’s Series A in 2024, alongside Balderton Capital and Norrsken, and we are excited to support the team as they expand access to real-time health monitoring for everyday consumers.

 

Our portfolio


  • Complir

    Retail/eCom Tech, Seed, Current

    Launch compliant products without the bottleneck. Complir handles the regulations and documentation across every market you sell in.

  • Sapyen

    Consumer Tech, Series A, Current

    Trusted by doctors, Sapyen delivers affordable, and convenient semen analysis - collect at home, mail to our lab, and get clinical results fast.

  • Cambiotics

    Consumer Tech, Seed, Current

    Cambiotics is developing a science-backed supplement using proprietary probiotics and postbiotics to capture PFAS chemicals in the gut and help them pass through the body.

  • Pinpoint

    Retail/eCom Tech, Series A, Current

    Pinpoint is an AI-native social operating system that helps brands convert their social media audiences into customers.

  • Maeve AI

    Retail/eCom Tech, Pre-Seed, Current

    Maeve AI is the AI assistant for product-led fashion retailers, turning data on returns, fit, sizing and revenue into decisions that protect margins.

  • PsyScale Health

    Consumer Tech, Pre-Seed, Current

    A clinically-supervised conversational AI therapeutic platform - delivering a digital treatment for anxiety and depression.

  • 10%

    Consumer Tech, Retail/eCom Tech, Pre-Seed, Current

    10% is a direct-to-brand loyalty platform giving shoppers 10% cashback on future purchases while delivering rich customer insights to FMCG brands.

  • Kotcha

    Consumer Tech, Pre-Seed, Current

    Kotcha is the all in one running app, combining coaching and a community platform to create personalised running plans with the stickiness of a social app.

  • Vox AI

    Retail/eCom Tech, Seed, Current

    Vox AI is a voice AI tool for restaurant operators. Its technology automates order taking at drive thrus.

  • Sava

    Consumer Tech, Series A, Current

    Sava is building a next-generation wearable biosensor that tracks a broad range of biomarkers in real time, starting with glucose.

  • Eyva

    Supply Chain Tech, Seed, Current

    Eyva is an AI-driven data and analytics platform for the beauty and personal care sector, helping teams spot emerging consumer trends.

  • Shuffle Finance

    Consumer Tech, Seed, Current

    Shuffle provides expansion capital to hospitality businesses, repaid via a consumer rewards platform offering cashback at the trendiest restaurants and bars.

  • Moselle

    Supply Chain Tech, Pre-Seed, Current

    Moselle is an AI-powered inventory management platform, helping brands automate their forecasting and purchasing.

  • MeetCiao

    Consumer Tech, Pre-Seed, Current

    Ciao is building the go-to platform for travellers to sublet their properties to one another, within a private, trust-based community.

  • Moonsift

    Consumer Tech, Pre-Seed, Current

    Moonsift was founded by Alex Reed and David Wood, combining academic research, product-led design and real-world retail and eCommerce experience with cutting-edge AI.

  • JENA

    Retail/eCom Tech, Pre-Seed, Current

    JENA is the AI-powered sidekick for solopreneurs. Website? Check. Bookings? Check. Payments? Check. It’s like a tiny but mighty personal assistant in your pocket.

  • SeeChange

    Retail/eCom Tech, Seed, Current

    The leading Visual AI provider for the global retail ecosystem. Retailers use the SeeChange platform to reduce theft and streamline operations in real time.

  • Jitty

    Consumer Tech, Pre-Seed, Current

    Jitty is disrupting the UK property market. Using AI large language models, it automatically extracts information from estate agents’ websites to create summarised listings.

  • Milano Vice

    Consumer Service, Series A, Current

    Milano Vice are pizza enthusiasts building a new virtual food brand, working with professional kitchens to prepare and deliver delicious pizzas to your home.

  • Bonnet

    Consumer Tech, Seed, Exited

    Bonnet provides EV drivers with a one-app solution to charge their vehicles: one app, one payment and access to thousands of chargers.

  • Awe Inspired

    Consumer Product, Seed, Current

    Awe Inspired is a spiritual wellness brand based in Los Angeles, CA. Lifelong jeweler Jill Johnson designed its Goddess Necklace to honor her fellow cancer survivors.

  • Dulcie

    Consumer Product, Seed, Current

    Dulcie formula. Longevity is a system. The only skincare company in the world with a full range of compostable biopackaging.

  • Inde Wild

    Consumer Product, Seed, Current

    Indē Wild represents a journey to self love, celebrating unique needs, culture and modern science with the creation of beauty products targeting the South Asian community.

  • Reskinned Clothing

    Consumer Tech, Pre-Seed, Current

    Reskinned is leading the way for people and brands to find new homes for clothes less loved, saving one old jumper at a time.

  • By Rotation

    Consumer Tech, Seed, Current

    By Rotation is a community-powered, peer-to-peer fashion rental app determined to transform the way we consume fashion.

  • Blueprint

    Retail/eCom Tech, Seed, Exited

    Blueprint is an SMS and WhatsApp marketing platform for Shopify brands, helping them boost retention and lifetime value through subscriptions and smart reordering.

  • Peanut

    Consumer Tech, Series A, Current

    Peanut is the first online community to connect women throughout all stages of womanhood, from fertility and pregnancy to motherhood and menopause.

  • BrandLab360

    Retail/eCom Tech, Series A, Current

    BrandLab360 are reimagining the shopping experience. The team is leading the field in virtual reality solutions, v-commerce and Metaverse experiences.

  • Boy Smells

    Consumer Product, Seed, Current

    Boy Smells creates genderful everyday products. Named ‘boy’ but packaged in ‘pink’, the brand shatters the binary and refutes outdated expectations around identity.

  • Short Story

    Consumer Service, Seed, Current

    Short Story is the premier personal styling service for petite women, dressing women who are 5’4” and under.

  • Ray Studios

    Consumer Service, Pre-Seed, Current

    A category-defining brand utilising new technologies and a digitally-led experience to reinvents the tattoo-removal procedure.

  • Fable

    Consumer Product, Seed, Current

    Premium homeware brand Fable makes sustainably crafted artisan dinnerware, drinkware, flatware, and decor accessible through its D2C approach.

  • Shellworks

    Supply Chain Tech, Pre-Seed, Exited

    Shellworks is on a mission to make plastic waste a thing of the past. Its first product, Vivomer, is a vegan, compostable material made with help from microbes.

  • COAT Paints

    Consumer Product, Seed, Current

    COAT is a sustainable paint company on a mission to simplify the testing and use of high-quality paints.

  • Bedfolk

    Consumer Product, Seed, Current

    Bedfolk is a premium DTC bedding brand on a mission to help people wind down well, with comfort essentials that set a new standard for quality at a fair price.

  • buywith

    Retail/eCom Tech, Pre-Seed, Current

    Buywith is socialising online shopping: a social platform that plugs into any online store, letting shoppers consult friends and family in real time on their next buy.

  • Brawn

    Other, Pre-Seed, Current

    Brawn is making lifting better with tools, information and support for the global lifting community, starting with the Brawn app – the ‘Strava for Strength’.

  • Fertifa

    Other, Seed, Current

    The UK’s leading reproductive benefits provider. Fertifa exists to give people the help and support they need, whenever they need it.

  • ARpalus

    Retail/eCom Tech, Pre-Seed, Exited

    ARpalus is changing how retailers and FMCGs collect and analyse in-store data, using cutting-edge Augmented Reality and Computer Vision technology.

  • maude

    Consumer Product, Seed, Current

    Maude is disrupting the legacy sexual wellness industry with quality, inclusive and simple intimacy products, from body-safe essentials to bath and body collections.

  • War Paint

    Consumer Product, Seed, Current

    Warpaint is a pioneering make-up brand for men, founded by Danny Gray in 2018 and born out of his own experience of using make-up to cover his acne as a teenager.

  • Bleach

    Consumer Product, Series A, Exited

    Cool kid of the UK hair scene, Bleach London creates vegan and cruelty-free DIY dye and haircare products. It also has a suite of specialist colour hair salons in the UK and US.

  • Shameless Pets

    Consumer Product, Seed, Current

    Chicago-based Shameless Pets makes dog treats with upcycled ingredients, working with farmers and food processors to use nutrient-rich food that would otherwise be wasted.

  • Localistico

    Retail/eCom Tech, Pre-Seed, Current

    Localistico helps businesses track, manage and analyse their local presence across platforms like Google or Foursquare, driving footfall, engagement and richer insights.

  • Rotaready

    Other, Pre-Seed, Exited

    Rotaready is scheduling software that lets retail, leisure and hospitality businesses create optimised, data-driven staff rotas in seconds. Acquired by The Access Group in 2022.

  • Unmind

    Consumer Service, Pre-Seed, Exited

    Unmind is a proactive workplace mental health platform, providing clinically-backed tools and training to create healthier, happier and more human organisations.

  • Placed

    Consumer Tech, Pre-Seed, Current

    Placed App is a London-based recruitment tech company using AI to help candidates find their next job and businesses hire talent in the service industry.

  • Edgify

    Retail/eCom Tech, Pre-Seed, Exited

    Edgify provides on-device AI software that enables product recognition and loss prevention on retailers’ existing checkout and store hardware.

  • Hullabalook

    Retail/eCom Tech, Pre-Seed, Current

    Hullabalook is a software scale-up powering product discovery for e-commerce retailers, with personalised, dynamic storefronts that help shoppers find products faster.

  • Beeline

    Consumer Tech, Pre-Seed, Current

    Beeline’s mission is to get more people riding by improving the bike and motorcycle experience. It handles the routes, navigation and tracking so riders enjoy the journey.

  • NearSt

    Retail/eCom Tech, Pre-Seed, Current

    NearSt wants to transform the way the world thinks about retail, and get people back into high street shops, and supporting the retailers on their doorstep.

  • VITL

    Consumer Service, Pre-Seed, Current

    VITL is a wellbeing platform offering personalised vitamin and supplement subscriptions, with expert advice and a monthly wellbeing package delivered through the letterbox.

  • Serious Pig

    Consumer Product, Pre-Seed, Current

    Serious Pig is elevating the traditional pub snack - creating snacking salami, cheese and charcuterie for the casual drinker.

  • Hoxton Analytics

    Retail/eCom Tech, Pre-Seed, Current

    Hoxton AI wants to revolutionise the way we use space. It uses AI to measure footfall and demographics, delivering insightful data without disrupting customers.

  • Spirable

    Retail/eCom Tech, Pre-Seed, Exited

    Spirable’s technology creates personalised video advertising at speed and scale, tailored to each stage of the shopper journey. It was acquired by Genius Sport in August 2021.

  • City Pantry

    Other, Pre-Seed, Exited

    City Pantry is a food delivery technology brand for the workplace. It capitalised on the trend towards more social workspaces, and was acquired by Just Eat in 2019.

  • Price Trakker

    Retail/eCom Tech, Pre-Seed, Exited

    Price Trakker is a UK competitor price monitoring service, helping retailers and ecommerce businesses track rivals’ prices and stay competitive.

Our people

Meet the team

Four diverse adults standing together, smiling, with arms crossed, against a plain background.