Austin, Texas-based True Wealth Ventures announced it has raised $19.1 million for its inaugural fund. The firm makes early-stage investments in women-led, sustainable consumer and consumer health tech companies in Texas and nationwide. In addition to its gender impact investment strategy, the firm said that more than 80 percent of its limited partners are women.
The firm’s initial investments include UnaliWear, a smartwatch for the senior population to guard against falls and other risks, and BrainCheck, a startup that exists as a cognitive testing platform to manage mental health.
True Wealth Ventures is led by General Partners Sara Brand and Kerry Rupp. Brand is a former corporate vice president with AMD and was previously an investment professional with Fremont Ventures. Rupp is the former CEO and general partner of DreamIt, a Philadelphia-based startup accelerator and early-stage investor.
Source: True Wealth Ventures announcement