Trust Ventures
QuietFiled to raiseAustin, TXLast fund filed 2025
2 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Trust Ventures Fund IVFiled to raise in 2025, with no closing reported yet. | 2025 | $225M | $0 | 0 |
| Trust Ventures AI Fund | October 2023 | $10M | $10M | 1 |
| Trust Ventures Fund IIIFiled to raise in 2022, with no closing reported yet. | 2022 | $200M | $0 | 0 |
| Trust Ventures Fund II | October 2019 | $132M | $132M | 42 |
| Trust Ventures Fund IFiled to raise in 2018, with no closing reported yet. | 2018 | $50M | $0 | 0 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
2 partners are named across this firm’s filings, 2 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Brian Tochman | Quiet | Enterprise software | 1 | 0 |
| Salen Churi | Quiet | Digital health, Healthcare services, Legal & compliance tech | 4 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Classified sectors of Trust Ventures’s own portfolio companies, based on 5 with a verified or cited source.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Trust Ventures’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| Firm | Shared boards | Companies |
|---|---|---|
| First Round Capital | 1 | Steno Agency |
A shared board seat: a company where filings name a Trust Ventures partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.