First to believe. Contrarian capital for exceptional founders. Explore what we're building at trueventures.ai

San Francisco & Palo Alto, CA
The hardest part of enterprise AI is no longer access to the technology. It’s changing how the organization works around it. At Connected Stack 2026, we heard the same pattern repeatedly: clear ownership, clear outcomes, better context, and workflows designed for what AI can now do. And a look back at the day:
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AI is giving us new ways to read biology at a scale we’ve never had before. @BasecampResearch is building from one of the richest sources available: evolution itself. Their data now spans 30+ countries and powers EDEN, trained on 9.7T nucleotides to help design new medicines. Today, they announced a $140M Series C.
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We met @glen_gowers and Oliver Vance in 2021 through @viswacolluru of @enveda. That founder-to-founder path means everything to us. It signals that we’ve earned enough trust to be introduced to ambitious founders and ideas long before the answers are obvious.
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True Ventures retweeted
AI agents are cool and all but you know what's even cooler than adding something to my Amazon cart? Actually using AI to improve human health. This one is deeply personal to me. As a mom to kids with asthma, imagining a future where they can take a pill instead of daily inhalers, nebulizers and hospital visits is something I dream of during the many sleepless, worried nights hoping I can do something to help my kids breathe. Thank you @viswacolluru for taking this on. 🩵
For all the excitement about what AI can do, few applications matter more than improving human health. For @viswacolluru, @enveda’s mission is personal. His mother’s illness helped shape a conviction: discover better medicines faster by learning from nature’s chemistry. Enveda built an AI platform to read that chemistry, understand it, and turn it into a drug discovery engine. Powered by life on earth, for life on earth.
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For all the excitement about what AI can do, few applications matter more than improving human health. For @viswacolluru, @enveda’s mission is personal. His mother’s illness helped shape a conviction: discover better medicines faster by learning from nature’s chemistry. Enveda built an AI platform to read that chemistry, understand it, and turn it into a drug discovery engine. Powered by life on earth, for life on earth.
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It is our deep privilege to have been first to believe in @viswacolluru and the entire @enveda team and thrilled to continue our commitment as they accelerate the discovery of medicines for people in need around the world.
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True Ventures retweeted
I started @enveda so mothers could fight their diagnoses with power mine never had. Sept 18 is her birthday. It’s also the day our first IND cleared, our first patient data came in, and now our Series E closed. More backup for the fight ahead. Happy Birthday, Mom!
Today we are announcing a $311M Series E to bring pharma into the 21st century. Enveda started with a thesis: a molecule that evolution has already refined is a better place to begin than one designed from scratch. This year, two first-in-class molecules discovered by Enveda (ENV-294 and ENV-308) had positive readouts in humans. Many more are behind them. We are grateful to @CatalioCapital for leading this round, to our new investors Durable Capital Partners, @ICONIQCapital, @lightspeedvp, Surveyor Capital (a Citadel company), accounts advised by @TRowePrice, @digitalisvc and Alderline Group, and to @BaillieGifford, @PremjiInvest, @trueventures, @KinnevikAB, @FPVventures, @_DimensionCap, @lifeforcecap and @Lux_Capital for continuing to back us. The best is yet to come… Read more: businesswire.com/news/home/2… #Biotech #AI #LearningfromLife
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True Ventures retweeted
Today we are announcing a $311M Series E to bring pharma into the 21st century. Enveda started with a thesis: a molecule that evolution has already refined is a better place to begin than one designed from scratch. This year, two first-in-class molecules discovered by Enveda (ENV-294 and ENV-308) had positive readouts in humans. Many more are behind them. We are grateful to @CatalioCapital for leading this round, to our new investors Durable Capital Partners, @ICONIQCapital, @lightspeedvp, Surveyor Capital (a Citadel company), accounts advised by @TRowePrice, @digitalisvc and Alderline Group, and to @BaillieGifford, @PremjiInvest, @trueventures, @KinnevikAB, @FPVventures, @_DimensionCap, @lifeforcecap and @Lux_Capital for continuing to back us. The best is yet to come… Read more: businesswire.com/news/home/2… #Biotech #AI #LearningfromLife
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True Ventures retweeted
Today, I'm excited to launch @tryconversion Mosaic! Apparently the CEO does the launch video now. Nobody told me this in advance 👇
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Every year at Stinson Beach, we ask how to be more useful to founders. Our focus is clear: find founders who see something others don’t yet see, fund the hypothesis, and help them build a company around it. Sixty-five founders have chosen to build with True again. Founders introduce us to the next generation and trust us with ideas still taking shape. Stay curious. Believe first.
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👀👀 anyone building?
Replying to @trueventures
And I will continue to point every promising founder I meet your way!! ❤️🙏
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True Ventures retweeted
Replying to @trueventures
And I will continue to point every promising founder I meet your way!! ❤️🙏
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We’re also big fans of @nbaschez. He’s an incredibly thoughtful builder and kind human. We’re team Nathan for every chapter he writes.
I remember seeing Lex (AI writer) a few years ago during the early innings of AI, and thought: "the guy who builds this gets technology and humanity." "That guy" = @nbaschez!
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