# True Capital Management

> True Capital Management is a VC fund backing FinTech and Financial Services. See 156 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 156
- Last investment: Mar 2025
- Lead investor: 1%
- Fund size: $18M
- Last fund: Sep 2012
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/true-capital-management/
- Website: https://truecapitalmgmt.com/

True Capital Management is a multi-family office that offers business management and investment advisory services. It provides a suite of services and an open architecture wealth management platform that empowers clients to grow. The company's services include business and risk management, financial planning, and investment advisory. Thecompany believes that a comprehensive life management approach is essential to creating, managing, and maintaining wealth.True Capital Management was founded in 2006 and is headquartered in San Francisco, California.

## Contacts

5 contacts available for True Capital Management. Shizune tracks 5 team members at True Capital Management. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/true-capital-management?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $949k–$4.4M |
| Pre-Seed | $125k–$725k |
| Series A | $9.1M–$555M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 30 | 19% |
| Financial Services | 30 | 19% |
| Software | 21 | 13% |
| Health Care | 11 | 7% |
| Finance | 10 | 6% |

167 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 60 | 38% |
| Series A | 17 | 11% |
| Pre-Seed | 13 | 8% |
| Series B | 10 | 6% |
| Series C | 10 | 6% |

15 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 68 | 44% |
| Nigeria | 10 | 6% |
| Canada | 7 | 4% |
| Mexico | 5 | 3% |
| United Kingdom | 4 | 3% |

19 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Doug Raetz | CEO | 2 | https://shizune.co/investors/profile/doug-raetz |
| Heather Goodman | COO and President | 0 | https://shizune.co/investors/profile/heather-goodman |
| Karin Blair | CIO | 0 | https://shizune.co/investors/profile/karin-blair |
| Maddy Mestman | Contracted | 0 | https://shizune.co/investors/profile/maddy-mestman |
| Michael Germain | CFO | 0 | https://shizune.co/investors/profile/michael-germain |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Milano Vice | Milano Vice is building a new virtual food brand by working with professional kitchens to prepare and deliver delicious pizzas to home. |  | Venture - Series Unknown | Mar 01, 2025 |  |
| Kapital | Kapital empowers SMBs with a tech-banking platform giving visibility and control of their treasury, and their employees | $24M | Series A | May 25, 2023 |  |
| StackAI | Stack is developing a set of tools to assist machine learning teams in perfecting their datasets by detecting data anomalies, evaluating annotations at scale, and protecting data with version control. | $500K | Pre-Seed | Apr 05, 2023 |  |
| StackAI | Stack is developing a set of tools to assist machine learning teams in perfecting their datasets by detecting data anomalies, evaluating annotations at scale, and protecting data with version control. | $3M | Seed | Apr 05, 2023 |  |
| Pivo | Pivo is a financial hub that allows small & medium businesses across Africa access to all the financial services they need in one place. | $2M | Seed | Nov 21, 2022 |  |
| Passiv | Passiv turns your brokerage account into your own personalized robo-advisor. Construct a balanced portfolio using any tradable securities and keep them balanced according to your target. Passiv will let you know when new cash and dividends are available for allocation or when your portfolio drifts off target. When it's time to make trades,Passiv will batch all your trades so you can place them in seconds.Stop paying high wealth management fees and automate your investments with Passiv. | $2.2M | Seed | Oct 17, 2022 |  |
| Remedial Health | We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business. | $4.4M | Seed | Sep 20, 2022 |  |
| Touch and Pay Technologies | TouchandPay Technologies provides payment and transaction services. | $3M | Seed | Sep 12, 2022 |  |
| Players' Lounge | Players’ Lounge is a real money gaming platform built for video games. Gamers can wager on their own performance or stake others in competitive titles like Call of Duty, Fortnite, and Madden. Whether you’re playing or spectating, Players’ Lounge makes every match a chance to win real money — by betting on your own skill or backing the players youbelieve in.We’re capturing the next generation of bettors — digital natives who prefer interactive, creator-driven experiences over traditional sports. Players’ Lounge turns every match and livestream into a high-stakes opportunity, merging gaming, streaming, and social wagering into one immersive ecosystem. | $10.5M | Series A | Jul 25, 2022 |  |
| Syrona Health | Syrona Health is a personalised digital health platform for Chronic Gynaecological/Uterine Conditions. Their app Sora has been launched in the UK for those with Endometriosis and PCOS. | $2M | Seed | Jun 03, 2022 |  |

10 of 156 investments shown.

## Co-investors
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 40 deals together
- [Goodwater Capital](https://shizune.co/investors/profile/goodwater-capital) — VC Fund, 13 deals together
- [Pioneer Fund](https://shizune.co/investors/profile/pioneer-fund) — VC Fund, 12 deals together
- [Soma Capital](https://shizune.co/investors/profile/soma-capital) — VC Fund, 11 deals together
- [Pareto Holdings](https://shizune.co/investors/profile/pareto-holdings) — VC Fund, 9 deals together
- [Asymmetry Ventures](https://shizune.co/investors/profile/asymmetry-ventures) — VC Fund, 7 deals together

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## FAQ

### What does True Capital Management invest in?

True Capital Management invests primarily in FinTech, Financial Services and Software startups, most often at Seed and Series A stage. Most of the 156 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is True Capital Management's check size?

True Capital Management typically joins rounds of $949k–$4.4M at Seed, $125k–$725k at Pre-Seed and $9.1M–$555M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds True Capital Management participates in.

### How do I contact True Capital Management?

Public channels for True Capital Management include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at True Capital Management?

The team at True Capital Management includes Doug Raetz (CEO), Heather Goodman (COO and President) and Karin Blair (CIO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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